Bigger tax refunds in 2026? IRS opens filing season as Trump tax breaks hit returns
The IRS began accepting 2025 federal tax returns Monday, requiring a new Schedule 1-A for several deductions under Trump’s tax law. Refunds may rise sharply, with the average projected at $3,800, as employers used outdated withholding tables. New deductions include extra amounts for seniors, reported tips, and overtime. The IRS urges e-filing and direct deposit to speed refunds.