Starting January 1, 2026, Richmond City will require retailers to collect a 5-cent tax for each disposable plastic bag they provide customers, joining the following localities:   Albemarle County  Alexandria City  Arlington County  Charlottesville City  Fairfax City  Fairfax County  Falls Church City  Fredericksburg City  Loudoun County  Roanoke City  The tax does not apply to restaurants, food banks, farmers markets, or clothing stores. It also does not apply to:   Durable p

The District of Columbia Office of Tax and Revenue (OTR) reminds taxpayers, tax professionals, software providers, businesses and others about tax changes that will take effect Oct. 1, 2025, or that have been adjusted for tax year 2025 and/or fiscal tax year 2026. These changes are pursuant to the Fiscal Year 2026 Budget Support Emergency Amendment Act of 2025 (Act 26-0146) , and the Fiscal Year 2026 Budget Support Amendment Act of 2025 (Act 26-0148 ) and other annual changes

WASHINGTON — The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2026 has increased to $24,500, up from $23,500 for 2025. The IRS today also issued technical guidance regarding all cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2026 in Notice 2025-67 PDF , posted today on IRS.gov . Highlights of changes for 2026 The annual contribution limit