Tax Season 2026 Kicks Off: Key Deadlines and New Deductions

The 2026 tax filing season has begun, with taxpayers required to use the newly introduced Schedule 1-A to claim benefits under the "One Big Beautiful Bill." Key provisions include a no-tax-on-tips deduction and enhanced deductions for older adults. IRS Free File and online guided software are available for filers with AGI ≤ $89,000. Delays risk compounding penalties until returns are filed or taxes paid. Filers should monitor for 2025 W-2s and other forms before submitting.