General information only. Not tax, legal or investment advice. A planning idea named here is not a recommendation for any person. Prem Tax and Accounting Corp is a CPA firm, not a law firm. Tax rules change often and figures are for the tax year shown: confirm with the official source or a qualified adviser before you act. Read the full notice. Book a 10-minute call.

Current Topics

Current Topics: disclaimer and terms of use

How to use our Current Topics guides: general information from a CPA firm that is not a law firm, with no advice, no product recommendations, dated snapshots and limits on copying.

Prepared by Prem Tax and Accounting Corp. Last reviewed November 6, 2026.

Prem Tax and Accounting Corp, a U.S. CPA firm in Aurora, Illinois, wrote every Current Topics page. This notice covers them all.

The short version

General tax information only: not tax, legal, accounting, investment or insurance advice.
A planning idea or invented example recommends nothing to anyone.
We are a CPA firm and not a law firm. We sell no insurance or investment products, and we recommend, rate or sell no annuity, fund or other product.
Reading a page does not make you our client.
Rules change, so check the official source, or ask a qualified adviser, before acting.

Accuracy and change

Tax rules, limits and deadlines change often, and guidance on the 2025 tax law is still being issued. We checked each figure against the official sources named on its page on its last-reviewed date. We do not promise a page is complete, current or error-free, and we may not revise a page on the day a rule changes. We mark rules that are unsettled or pending. An amount for a future year is a planning figure until the agency publishes it. Examples use invented numbers.

Limits on our responsibility

As far as the law permits, neither the firm nor its owners or staff accept responsibility for a loss or choice that follows from using these pages. Links lead to sites we do not control. Our site-wide terms and privacy pages apply as well.

Copyright and permitted use

The text, tables, charts and slide shows are ours. Reading, linking and printing one copy for yourself are fine. Copying pages in bulk, scraping them or using them to train artificial intelligence systems needs our written permission; ask through our contact page.

Official sources

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Questions about how the new tax law or your year-end moves apply to you? Keshav Agrawal is a U.S. CPA and a Chartered Accountant (CA) from India. We prepare U.S. and Illinois returns, plan with you, and work alongside your financial adviser, insurance agent or attorney. We sell no investment or insurance products. Book a 10-minute call or send us a message.

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