Summary
The tax season for 2025 has begun in the United States, with the IRS now accepting tax returns. Several new tax deductions and changes are available this year due to the One Big Beautiful Bill Act signed by President Trump. Taxpayers can also find various options for filing their returns and getting assistance.
Key Facts
- Tax season began on January 26 and ends on April 15.
- The IRS expects around 164 million individual tax returns for 2025.
- A new law called the One Big Beautiful Bill Act introduces changes, including special deductions for seniors and workers with tips or overtime pay.
- Seniors can now claim a $6,000 deduction on Social Security income taxes if they're 65 or older.
- Tipped workers can deduct up to $25,000 annually on taxes.
- The IRS Free File program offers free tax software for eligible people.
- President Trump’s order will gradually stop paper refund checks; electronic payment is needed for refunds.
- Refunds can be tracked using IRS tools like Where's My Refund? and the IRS2Go app.
