Year-end reminder: new $2,000 threshold for contractor 1099s

IRS | Federal (IRS) || The IRS is encouraging taxpayers to secure their IRS online accounts and sign up for an Identity Protection PIN, a six-digit code that stops anyone else from filing a return with your Social Security number.

IRS | Federal (IRS) || The IRS has started sending automatic refunds to more than 50,000 taxpayers who claimed an Adoption Tax Credit carryforward, and expects to process most of them by the end of the year. No action is needed to receive them.

IRS | Federal (IRS) || The IRS reminded paid tax preparers to renew their Preparer Tax Identification Numbers before the 2027 filing season. Anyone paid to prepare federal returns must have a current PTIN.

NY Tax Department | New York State || New York is mailing one-time energy rebate checks of $100 to $200 to full-year residents who filed a 2024 IT-201 return on time and met the income limits. Checks are mailed over several weeks to the latest address on file. There is no application and no online status tool.

NY State Budget | New York State || New York’s 2026–27 budget adds a refundable child and dependent care credit for tax years starting in 2026 and lets workers subtract up to $25,000 of qualified tips from New York income for 2026, for single filers earning up to $150,000 and joint filers up to $300,000.

Federal Student Aid | Student aid || The 2027–28 FAFSA opened ahead of the October 1 launch date. Students can now see their estimated Pell Grant and federal aid eligibility right after submitting, and the federal filing deadline is June 30, 2028.