From Bob Jennings at TaxSpeaker. Check out more at taxspeaker.com 7508A & Kwong: Refund Claims Due July 10, 2026 Lawrence Pon CPA/PFS, CFP, EA, USTCP, AEP The US Court of Federal Claims ruled on November 25, 2026 in Kwong vs. US (179 Fed. Cl. 382) that certain tax deadlines were automatically postponed for the entire COVID-19 disaster period plus 60 days. The Court found that under the prior version of §7508A(d) the suspension for underpayment interest and failure-to-file

From Bob Jennings at TaxSpeaker. Check out TaxSpeaker at taxspeaker.com Recent Fringe Benefit Changes The business mileage rate is 72.5 cents per mile for 2026. The qualified transit pass exclusion is $340 per month for 2026. The exclusion for commuter highway vehicle transportation and qualified parking is $340 per month for 2026 Health flexible spending arrangement (FSA): For plan years beginning after December 31, 2025, a cafeteria plan may not allow an employee to req