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Story summary
- Internal Revenue Service (IRS) will begin accepting tax returns on January 26, 2026, with a deadline of April 15, 2026.
- The One Big Beautiful Bill Act changes deductions and credits, boosting refunds for retirees and new deductions on tips.
- Delays are expected due to staffing shortages and the complexity of the new tax laws.
- Direct deposit will be the only refund option.
- Taxpayers should file early and consult professionals.
