US Tax News Today, November 26, 2025: New IRS Credits, Tip Deductions, Jim Justice Settlement and Stimulus Rumor Fact‑Check
Sen. Jim Justice of West Virginia has agreed to pay nearly $5.2 million in overdue federal income taxes after a Justice Department lawsuit. The IRS is advancing new tax credits under the One, Big, Beautiful Bill Act and issued guidance for tipped workers under the “No Tax on Tips” agenda. Fact-checkers deny online rumors of new November stimulus checks. Treasury and the IRS released new rules for multinational tax timing.