Trump Administration Releases 2026 IRS, Treasury Agenda Focused on Tax Law Implementation and Deregulation

WASHINGTON — The Trump administration on Friday, July 3, 2026, unveiled its regulatory agenda for the Treasury Department and the Internal Revenue Service, signaling a dual focus on implementing its flagship 2025 tax law and pursuing an aggressive deregulatory push. The plan, posted on the Office of Information and Regulatory Affairs website, outlines dozens of regulatory projects the agencies will prioritize through June 30, 2026.

The agenda provides a critical roadmap for businesses, detailing the specific areas of tax code where new rules and guidance can be expected. Key among the planned regulations are rules related to major business tax provisions from the 2025 tax-and-spending law, including changes to deductions for research and development costs, enhancements to bonus depreciation, and an easing of the cap on business interest expense deductions.

The release of this regulatory agenda signals a period of significant flux for businesses. While provisions like enhanced bonus depreciation and eased interest deduction caps offer clear opportunities for tax savings and improved cash flow, the sheer pace of change, coupled with the aggressive '10-for-1' deregulation mandate, introduces substantial uncertainty. We've seen that when rules are repealed or rewritten this quickly, it can create compliance gaps and unforeseen challenges. Business owners cannot afford to simply wait and see; proactive planning is essential to both capitalize on the new benefits and mitigate the risks of a shifting regulatory landscape. Navigating this environment requires meticulous attention to detail and a forward-looking strategy. This is precisely the kind of complex scenario where our tax preparation and compliance services provide critical clarity and support for our clients. For guidance on how these changes will specifically impact your business, contact C&S Finance Group LLC at csfinancegroup.com.

At the heart of the agenda is the continued implementation of the comprehensive tax legislation enacted in 2025, referred to in various administration documents as the “Working Families Tax Cuts” and the “One, Big, Beautiful Bill.” Several proposed rule projects directly address provisions from this law that have a significant impact on the financial planning and operations of small and mid-sized companies. The plan includes forthcoming regulations that will clarify how businesses can utilize enhanced bonus depreciation rules, which allow for the immediate deduction of the cost of certain business assets rather than writing them off over many years.

Another priority area is the cap on the deductibility of business interest expenses under Section 163(j) of the tax code. The agenda indicates that the Treasury and IRS will work on rules to ease this cap, a move that would primarily benefit companies that rely on significant debt for financing operations and expansion. Additionally, the agencies will develop regulations concerning changes to the tax treatment of research and development costs, a critical deduction for companies in technology, manufacturing, and other innovation-focused sectors.

A central component of the administration's strategy is a renewed and intensified focus on deregulation. According to the Priority Guidance Plan, the agencies are operating under Executive Order 14192, which mandates that for every new regulation proposed, at least ten existing regulations must be identified for repeal. This represents a substantial escalation from the “two-for-one” rule that was in place during President Trump’s first term. According to government notices, the Treasury and IRS have already identified nearly one hundred existing regulations for potential removal, signaling a rapid and broad-based effort to reduce the overall regulatory burden.

Beyond these core business tax provisions, the agenda also moves forward on a major new pro-family initiative from the 2025 tax law: the creation of “Trump Accounts.” These accounts are a new type of traditional individual retirement account designed for eligible minors. The IRS and Treasury issued proposed regulations for these accounts earlier this year, on March 6, 2026. The guidance provides rules for opening an initial account and clarifies who is considered a responsible party.

As part of the rollout, the agencies announced a contribution pilot program. Under this program, the Treasury Department will deposit $1,000 into the Trump Account of each eligible child. To be eligible for the pilot program, a child must be a U.S. citizen born between calendar years 2025 and 2028, have a Social Security Number, and not have had a previous election made on their behalf. A parent or guardian is typically the individual who elects to establish the account for the child. “Trump Accounts are a pro-family initiative that will help millions of Americans harness the strength of our economy to lift up this generation and generations to follow and unlock the American Dream,” said IRS Chief Executive Officer Frank J. Bisignano in a statement accompanying the March regulations.

With the regulatory agenda now public, businesses and tax professionals will be closely monitoring the Treasury and IRS for the release of specific proposed rules in the coming months. The issuance of these regulations will trigger formal notice and comment periods, providing an opportunity for stakeholders to provide feedback before the rules are finalized. The next immediate step for the Trump Accounts initiative will be the review of public comments on the proposed regulations.