Jill on Money with Jill Schlesinger

Tax Season 2026 Opens

5 snips
Jan 26, 2026
Tax season officially opens with a flurry of new tax-code changes that could affect refunds and filings. The show covers new credits, deductions and a new child retirement deposit program. There is explanation of new forms like Schedule 1A and big shifts such as senior deductions, tip and overtime tax rules, and auto loan interest treatment.
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ADVICE

File Electronically For Faster Refunds

  • File electronically and use direct deposit to get refunds quickly, typically within 21 days.
  • Avoid paper returns if you want faster refunds and fewer delays.
INSIGHT

Tax Season Complexity From New Law

  • The 2025 tax season is unusually complex due to many changes from last summer's big tax law.
  • Expect new forms and provisions that may materially affect refunds and deductions.
ADVICE

Seniors Get Enhanced Deduction

  • Seniors 65+ qualify for an enhanced tax deduction under the new law; check eligibility limits.
  • Review your income thresholds to see if the extra deduction applies to you.
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