IRS releases updated tax numbers for 2026
The IRS releases updated federal income tax brackets and standard deductions for tax year 2026, which apply to returns filed in 2027.
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Fiscal calendars once again set the pace for millions of American households. Like the beginning of every year, tax season not only signifies legal obligations, but also the possibility of receiving the financial relief that many wait for like someone waiting for spring after a long winter.
The Internal Revenue Service (IRS) will begin accepting federal returns in late January, with a filing deadline of April 15th. With approximately 164 million individual tax returns expected, understanding when your refund will arrive and how to monitor it can make the difference between uncertainty and financial planning.
When will I receive my tax refund? What the IRS says
If you file electronically and all information is correct, the IRS expects most refunds to be issued by direct deposit within 21 days. This method is still the fastest and safest way to receive money.
Instead, those who filed paper returns can wait six to eight weeks after the IRS receives their return. Some refunds may take longer if the government agency needs to verify additional details, especially if you are applying for credits such as the Earned Income Tax Credit or Supplemental Child Tax Credit, or if you have outstanding federal debt.
Keys to speeding up refunds:
- File your return electronically.
- Please choose direct deposit.
- Please check the form for errors.
There is one important change. The IRS will stop issuing paper checks to most taxpayers, so make sure you have a valid bank account.
How can I check the status of my refund step by step?
The IRS offers a digital tool, “Where’s My Refund?” The IRS2Go app updates information daily and overnight. This is the most reliable way to track the flow of money.
To check the status, you will need:
- Social Security Number or ITIN
- Tax return status
- exact refund amount
Please note that the system will only reflect progress once the agent has processed your return. It may take several days if filed electronically and several weeks if filed by mail.
Avoid checking multiple times a day. The system is updated only once every 24 hours.
Will the tax system change in 2026?
Based on last year’s average of $2,939, your refund could be higher than usual. New tax rules and benefits that are retroactive to January 1, 2025 may affect what you receive.
Among the new features, the federal form Schedule 1-A stands out, which is required to claim new deductions, including:
- overtime payment
- tip income
- car loan interest rate
- Tax benefits for adults over 65 years old
In addition, some states have expanded family credits. For example, New York State provides a child tax credit of up to $330 for children ages 4 to 16 and up to $1,000 for children under age 4, as long as they file the appropriate state returns.
Not sure how to file your taxes? Free options you should know about
If your income is $89,000 or less, you may be eligible to file your return for free through the IRS site. There are also in-person programs that specifically assist taxpayers who are elderly, disabled, or have limited English proficiency.
Available resources:
- IRS Helpline: 800-829-1040
- Volunteer Income Tax Assistance (VITA)
- AARP Foundation Taxpayer
- Tax consultation for the elderly
- MilTax for military personnel
Remember, your employer must give you your W-2 form by January 31st. This is an important document for completing your tax return.
Tax season doesn’t have to be a maze. By applying early, choosing digital tools, and taking advantage of free programs, you can turn this process into an opportunity to strengthen your finances.
Whether it’s paying off debt, building an emergency fund, or investing in your future, repayments can be more than just an annual process. In times of financial change, the best strategy continues to be clear, timely, and useful information to make decisions with confidence.
Contributed by: USA TODAY
Boris Q’va is a national Spanish language trends news reporter for Connect/USA TODAY Network. You can follow him on X as @ByBorisQva or write to him at BBalsindesUrquiola@gannett.com.
