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What to know about tax changes, getting the maximum refund in 2026

The IRS guidance includes reporting requirements for digital asset transactions and new deductions from recent legislation to improve tax compliance and refund processing.

  • On Monday, the Internal Revenue Service issued guidance urging American taxpayers to prepare for filing 2025 returns starting in late January, with the April 15, 2026 deadline.
  • Tax-Law changes from the One, Big Beautiful Bill led the agency to highlight new deductions and credits, including a provision for no tax on tips that could mean more money back for taxpayers.
  • All taxpayers must answer the digital-asset question on Form 1040, and brokers may issue Form 1099-DA, the IRS said, requiring transaction reporting.
  • Missing forms or deadlines can trigger penalties and delayed refunds; an underpayment penalty applies if less than 90 % is paid and $1,000 or more is owed, with a 7% interest rate in 2026.
  • DirectFile will not be available in 2026, the IRS said, and with paper refund checks phasing out under a presidential executive order, taxpayers should open a bank account for refunds.
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What to know about tax changes, getting the maximum refund in 2026

The countdown is on as early taxpayers await for the start of filing season Jan. 26, but there are some changes this year that experts say people should keep in mind to receive a fast, full refund.

·Chicago, United States
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Business Insider broke the news in United States on Saturday, January 10, 2026.
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