2026 tax season reshapes refunds with new deductions and filing options

1 min read
Source: Axios
2026 tax season reshapes refunds with new deductions and filing options
Photo: Axios
TL;DR Summary

The IRS opens tax season with sweeping changes from the One, Big, Beautiful Bill Act, including new deductions for seniors, tips, and overtime; temporarily higher SALT limits and revised 2026 standard deductions; plus new filing options like IRS Free File and Free File Fillable Forms; refunds typically arrive within about 21 days for e-filed returns, with an April 15 deadline and about 164 million returns expected.

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