IRS announces tax filing start date
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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.
The 2026 tax season will soon be underway and some Americans could be receiving heftier tax returns this year. Here's why.
Child Tax Credit: This tax credit increases by $200 year over year, to $2,200 per child for the 2025 tax year. It applies to single filers with annual incomes up to $200,000, or $400,000 for joint filers. Above those thresholds, parents may be able to claim a partial credit.
The Tax Foundation, a nonpartisan think tank, estimates that the various tax cuts included in the bill will increase the average Americans tax return by anywhere from $300 to $1,000 when filing in 2026.
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3 IRS Changes That Could Affect Your Tax Refund This Year
As part of the One, Big, Beautiful Bill Act (OBBBA) that was passed in July, three new rules on deductions are in play for 2026.
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