This New Tax Plan Could Wipe Out Federal Income Taxes For Millions

The Working Americans’ Tax Cut Act could eliminate federal income taxes for millions and reduce them for many more. While still just a proposal, it highlights a growing push to use tax policy to address rising living costs.

Now That You’re Done With Your Taxes, Here’s What To Know For 2026

While the 2025 filing year has wrapped up for most people, recent tax law changes—some introduced last summer and others already in effect—are still shaping how you should approach the year ahead. Here are the key moves to consider for 2026.

Tax Refunds Up Nearly 11%, With Over 37 Million Cashing In On New Tax Breaks

About 44% of filers—around 37.5 million people—have claimed at least one of the new provisions under the One Big Beautiful Bill, including exemptions on tips and overtime pay. The average refund currently stands at $3,571, up from $3,221 in 2025.