TFMR

More Than Half of U.S. States Join Federal Scholarship Tax Credit Program

The IRS announced that 27 states have joined the Federal Scholarship Tax Credit program, allowing eligible taxpayers to claim tax credits for qualified contributions that support elementary and secondary education scholarships.

IRS Expands Executive Compensation Tax Rules

The Treasury Department and IRS issued new guidance expanding tax rules on excessive compensation and parachute payments, increasing compliance requirements for tax-exempt organizations and their highly compensated employees.

OECD Lowers Global Growth Forecast for 2026

The OECD lowered its 2026 global growth forecast, citing rising geopolitical tensions, higher energy costs, and ongoing economic uncertainty that continue to affect international markets, investment activity, and business confidence worldwide.

World Bank Warns of Slower Global Trade Growth

The World Bank warned that global trade growth is expected to remain below historical averages in 2026 as businesses continue to navigate supply chain challenges, geopolitical risks, and slower economic expansion across major markets worldwide.

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At TFMR, we help businesses and individuals navigate financial complexity with confidence. Through our comprehensive tax, accounting, and advisory services, we provide the expertise, guidance, and support needed to achieve financial success and long-term growth.

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