Tax Resources & Updates: Federal (IRS) and NYS for Individuals & Businesses

Stay informed with essential links to forms, guides, tools, and the latest changes. Updated for the 2026 tax year and tailored for New York City individuals, families, and small businesses.

This page is curated by JDRC and Associates LLC, a NYC tax preparer and accountant. Our goal is to provide a clear, search-friendly directory of official resources for everyday taxpayers, helping you navigate the tax landscape with confidence.

Featured 2025–2026 Law Change: The One Big Beautiful Bill Act (OBBB)

Signed on July 4, 2025, the One Big Beautiful Bill Act (OBBB) makes many TCJA provisions permanent and adds new tax savings for workers and families. It removes federal income tax on many tips and eligible overtime pay, boosts child and family credits, and adjusts deductions for both individuals and small businesses. Most changes apply starting with 2025 tax returns filed in 2026 and later.

Tip: Use your browser’s Find feature (Ctrl+F or Command+F) to search by keyword, like 'OBBB tips' or 'NYS child credit'.

Personal Tax Resources – Federal (IRS) and New York State

Use these official tools and guides to handle your own taxes or prepare for a meeting with your tax professional.

Federal (IRS) – Individuals

Interactive Tax Assistant (IRS tool)

Answer common questions about filing status, dependents, credits, and more with this automated IRS tool.

Free File, VITA & TCE

Find free tax preparation help from IRS-certified volunteers if you qualify based on income or age.

Online Account

View your tax records, balances, payment history, and manage your payment plans online securely.

New York State – Individuals

Online Services for Individuals

File, pay, and respond to NYS tax notices online securely through the official state portal.

NYS Personal Income Tax Forms

Download Form IT-201 and related schedules for full-year, part-year, or non-residents.

OBBB – Key Changes for Individuals

No federal income tax on tips

Eligible tips from service jobs are tax-free up to $25,000 for joint filers, starting with 2025 returns.

No tax on qualified overtime pay

Wages earned under overtime caps (up to $12,500 single / $25,000 joint) are not taxed at the federal level.

These are highlights only. See the official IRS links above for full details.

For official guidance, see the IRS pages on One Big Beautiful Bill provisions for individuals:

Overtime and Tips Under the One Big Beautiful Bill Act (OBBB)

Starting with 2025 returns, many workers see new federal tax breaks on eligible tips and overtime pay. Under these rules, tips up to $25,000 for joint filers and overtime up to $12,500 for single filers ($25,000 for joint) can be tax-free if they are 'qualified' under the law. It is important to note that payroll reporting and W-2 reporting still matter; the employer still tracks tips and overtime, but some amounts may not be counted as taxable wages.

Keep good records of your tips and overtime hours. Your paystubs and time sheets help confirm amounts.
Your W-2 may look different. Some tips and overtime might not show up in the “taxable wages” boxes.
State rules may be different. New York State may still tax some amounts that the federal rules do not.
Talk to a professional. A tax pro can help make sure you get the full benefit without filing mistakes.

How to Read Your W‑2 (with Tips and Overtime)

The W‑2 shows both taxable wages and other information. Under OBBB, some amounts may not be taxable but will still appear in certain boxes or codes.

Box 1 – Wages, tips, other compensation. This is your federal taxable wages. Under OBBB, some qualified tips and overtime may be excluded from this amount.
Box 3 – Social Security wages. May still include more of your tip and overtime income, since Social Security rules are different from income tax rules.
Box 5 – Medicare wages and tips. Often similar to or higher than Box 1; tips usually count here.

Box 12 codes. May show extra items like retirement contributions or certain pre-tax benefits. Overtime and tips themselves generally don’t show here, but related benefits might.
State boxes (Boxes 16–20). Show your state wages and tax withheld. New York State may treat tips and overtime differently than federal rules.

If your W‑2 doesn’t seem to match your paystubs, don’t panic—bring it to your tax preparer so you can review it together.

Last Updated: February 28, 2026. Consult a professional for advice. Contact JDRC and Associates LLC.

Business Tax Resources – Federal (IRS) and New York State

Essential resources for NYC freelancers, gig workers, and small business owners to stay compliant and informed about professional tax obligations.

Federal (IRS) – Businesses & Self-Employed

Small Business and Self-Employed Tax Center

Employer ID Numbers (EIN) – Apply Online

Central hub for forms, videos, and tax topics for small businesses.

The official IRS portal to register and apply for a business EIN.

Gig Economy Tax Center

OBBB – Business Tax Provisions

Resources for rideshare drivers, delivery workers, and other platforms.

An official overview of the latest federal business tax law changes.

New York State – Businesses

NYS Online Services for Businesses

Corporation Tax (CT-3 and more)

File and pay sales tax, withholding, and other business taxes online.

Official NYS forms, instructions, and corporation tax guidance.

Sales Tax Vendor Registration (DTF-17)

Pass-Through Entity Tax (PTET)

Key Information for partnerships and S corporations about PTET.

NYS Business Contact & Help

Phone numbers and contact forms for business tax assistance.

OBBB – Key Changes for Businesses

100% bonus depreciation made permanent – Businesses can keep expensing the full cost of many new assets in the first year.
Full and immediate R&D expensing – Research and development costs can be deducted right away instead of amortized.
Section 199A (20% pass-through deduction) made permanent – For qualifying pass-through business income, subject to limits.
Higher SALT deduction cap benefits certain owners – Helps business owners who itemize and pay high state/local taxes.
Interest deduction based on EBITDA – Keeps the more generous EBITDA-based limit on business interest deductions.