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.
18 Articles
18 Articles
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.
Tax season is about to begin. Here's what you need to file taxes and avoid missing a deadline.
The US federal tax deadline is April 15.Delmaine Donson/Getty ImagesThe federal tax filing deadline for most Americans is April 15, 2026.State tax deadlines may differ, so check your local government website for updates and extensions.Missing forms or deadlines can result in penalties. Check your income paperwork early.It's that time of year again.Tax season is about to begin, and most Americans need to complete their 2025 filings by Wednesday, …
IRS Unleashes New Rules, Trump Accounts, and Tax Cuts for 2026 Filing Season
WASHINGTON, D.C. — The Internal Revenue Service is rolling out one of the most sweeping tax-season overhauls in years as the 2026 filing season opens later this month, bringing new deductions, digital reporting rules, and a dramatic shift away from paper refund checks. The IRS announced that the nation’s 2026 filing season will officially begin Monday, January 26, giving taxpayers just over two months to prepare their 2025 federal returns before…
U.S. Tax Season Opens on January 26, What to Know
By Swann Collins, investor and consultant in international affairs – Eurasia Business News, January 10, 2025. Article no. 1980 The 2026 U.S. tax filing season for 2025 returns opens on Monday, January 26, and the regular federal filing deadline is Wednesday, April 15. Early filers who submit electronically with direct deposit can typically expect refunds within about 21 days if there are no issues with their return Key dates Opening day to e-fil…
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