Summary
The IRS will start accepting tax returns for the 2026 tax season on January 26. There are several tax changes this year, including an increase in the state and local tax deduction limit and new exemptions for tips and overtime income under a bill from President Trump.
Key Facts
- Tax filing for the 2026 season begins on January 26.
- The deadline to file taxes is April 15 unless an extension is requested from the IRS.
- Tax filers are advised to submit returns early to get faster refunds and reduce the risk of identity theft.
- The state and local tax (SALT) deduction limit has increased from $10,000 to $40,000.
- Under new tax rules, workers can exempt up to $25,000 in tips and $12,500 in overtime income.
- New tax forms will be available once the IRS officially opens filing season.
- People should carefully document tips and overtime income to comply with IRS requirements.
