The Internal Revenue Service (IRS) has officially commenced the 2026 tax filing season, marking the period when taxpayers can begin submitting their returns for the 2025 financial year. The season opened on Monday, January 26, 2026, and the deadline for most individuals to file their federal income tax returns and settle any dues is Wednesday, April 15, 2026. The agency anticipates processing around 164 million individual tax returns, with electronic filing remaining the predominant method.
Major Tax Law Changes Impact Filings
This year's filing process is significantly shaped by the provisions introduced under the One, Big, Beautiful Bill. These new rules are set to influence federal tax liabilities, available credits, and deductions for many Americans. Taxpayers are advised to consult the IRS's online resources to understand how these changes might reduce their tax burden or potentially lead to larger refunds.
Acting IRS Commissioner Scott Bessent highlighted the administration's focus, stating, "President Trump is committed to the taxpayers of this country and improving upon the successful tax filing season in 2025." He noted that preparations by the Treasury and IRS to update forms and systems began well before the bill's passage. IRS CEO Frank Bisignano assured the public that the agency's systems have been updated to incorporate the new laws and are ready to handle returns efficiently.
New Tools, Forms, and Important Updates
The IRS has rolled out several new tools and forms for the 2026 season. Taxpayers can manage their affairs through the IRS Individual Online Account, which provides access to balances, payment history, and tax records. A notable addition is Schedule 1-A, a new form designed to claim specific deductions such as exemptions for tips, overtime income, car loan interest, and an enhanced deduction for senior citizens.
Other key updates include the introduction of Trump Accounts, which parents or guardians can establish for children at trumpaccounts.gov. The IRS is also phasing out paper checks for refunds, urging everyone to use Direct Deposit into a bank account. Furthermore, taxpayers involved in digital transactions must report all taxable income from credit card, online marketplace, or digital asset sales, even if they do not receive Forms 1099-K or 1099-DA.
Resources and Tips for a Smooth Filing Experience
To assist taxpayers, the IRS offers multiple resources. The Where's My Refund? tool provides status updates, typically within 24 hours of e-filing. The agency's website also hosts guidance on avoiding tax scams, choosing a reputable tax preparer, and scheduling appointments at taxpayer assistance centers for complex issues.
Several free filing options are available:
- IRS Free File for eligible taxpayers (available from January 9)
- IRS Fillable Forms (available from January 26)
- MilTax for military members and veterans
- Free help from IRS-certified volunteers through VITA and TCE programs
The IRS encourages filers to start early, carefully review the new deductions, and fully utilize online tools. Emphasizing electronic filing and direct deposit is key to ensuring the fastest possible processing and receipt of any refund.
