Tax Changes & Deadlines
New tax laws, bracket changes, deduction updates, filing deadlines, refund timelines, and what taxpayers need to know each season.
Latest in Tax Changes & Deadlines
Extension filers have until October 15 to file a 2025 return without a bigger penalty
The 2025 filing season closes for good on October 15, when taxpayers who requested an automatic extension back in April lose the ability to file...
A new $6,000 deduction for people 65 and older lands on 2025 returns, due for extension filers by October 15
A new federal deduction worth up to $6,000 for single filers and $12,000 for married couples is showing up on 2025 tax returns for the...
The extra tax deduction for people 65 and older stacks on top of the regular standard deduction
Taxpayers who are 65 or older can now claim a new deduction worth up to $6,000 a year, and confusion persists about whether it replaces...
Extension filers face October 15, but the tax itself was due in April
Taxpayers who requested more time to file their federal return face an October 15 deadline, but that date only covers the paperwork. The tax itself...
The new car-loan deduction applies only to loans signed after December 31, 2024
Eligibility for the car-loan interest write-off created by the One Big Beautiful Bill turns on a single cutoff date: only loans taken out after December...
A made-in-America car loan must list its VIN on the return, and lenders will send a new 1098-VLI form
A new federal deduction for car-loan interest comes with a paperwork requirement most borrowers have never had to handle before: the vehicle identification number has...
The new overtime deduction covers only the extra half of time-and-a-half pay, not the whole check
A new federal deduction for overtime pay does not cover an entire overtime paycheck. It reaches only the premium portion of time-and-a-half pay, the extra...
A new write-off can erase the federal tax on most tipped income through 2028
A new federal deduction lets workers whose pay includes tips subtract up to $25,000 of that income from what they owe in federal tax. The...
The law Trump signed did not end taxes on Social Security, it added a deduction that expires after 2028
President Trump’s One Big Beautiful Bill Act, signed July 4, 2025, created a new temporary deduction of $6,000 for taxpayers age 65 and older, a...
Eleven federal disaster notices now carry a February 1 filing date, and three tribal deadlines land this month
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The disaster tax break Trump signed Friday applies to the 2025 tax year, which most people already filed
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The long-term care premium deduction reaches $4,960 for ages 61 through 70
Federal tax law allows anyone who pays premiums for a tax-qualified long-term care insurance policy to count part of that premium as a deductible medical...
Being born before January 2, 1962 is what unlocks the enhanced senior deduction this year
An extra $6,000 tax deduction now hinges on a single calendar date: January 2, 1962. The Internal Revenue Service says a taxpayer must have been...
The enhanced senior tax break is claimed on a brand-new form called Schedule 1-A
A retiree filing a 2025 tax return this season will run into a form that did not exist the year before: Schedule 1-A, Additional Deductions,...
The new car-loan tax break only counts for U.S.-assembled vehicles, and buyers need a lender statement to claim it
The new federal deduction for interest paid on a car loan sounds simple on its face: up to $10,000 a year, available whether a filer...
A surviving spouse raising a child can keep filing taxes jointly for two years after a death
A widow or widower who is still raising a dependent child does not have to move straight into the costlier single-filer tax brackets the year...
Taxpayers 65 and older get an extra standard deduction, worth $2,050 for singles in 2026
Taxpayers who turn 65 or older get to claim more than the regular standard deduction, and the dollar figure moves most years with inflation. For...
A cap on repaying Obamacare subsidies is gone for 2026, so a raise or a bonus can trigger a four-figure tax bill
The cap that used to limit how much a household had to repay in overpaid Affordable Care Act subsidies is gone for tax years beginning...
The new tax law lets car buyers deduct up to $10,000 of interest on a U.S.-assembled vehicle
A provision inside the One Big Beautiful Bill Act lets car buyers deduct up to $10,000 a year in interest paid on a loan for...
New electric cars lost the $7,500 federal tax credit last fall, adding thousands to the price
The federal tax credit that had knocked up to $7,500 off the price of a new electric vehicle, and up to $4,000 off a used...