IRS warns tax filers: Set up an online account now — and Trump’s bigger SALT break could change refunds
The IRS is urging taxpayers to create Individual Online Accounts to reduce identity theft and speed up access to tax records and refunds. Most 2025 federal tax returns are due April 15. The SALT deduction cap rises to $40,000 for 2025, up from $10,000. The One, Big, Beautiful Bill Act, signed July 4, 2025, changes credits and deductions for this filing season.