How Trump's tax cuts will impact your return as the 2026 filing season opens
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The IRS kicked off the 2026 tax season on Monday, and filers will see changes from President Donald Trump 's "big beautiful bill" that could impact their 2025 returns. About 164 million individual tax returns are expected before the April 15 deadline, and many could receive bigger tax refunds after Trump's 2025 legislation, experts say. "The size of refunds is a major political topic" with the 2026 midterm election approaching, Andrew Lautz, director of tax policy for the Bipartisan Policy
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