Tax laws are constantly evolving, and staying up to date is essential for individuals, families, and businesses. The 2026 tax season brings several changes that can impact how much you owe or the size of your refund. From higher standard deductions to expanded tax credits and new deductions for employees, understanding these updates can help you plan, save money, and file with confidence.
ABSE Tax is here to help guide you through these changes, ensuring that you take full advantage of all available benefits while staying compliant with IRS regulations.
Higher Standard Deductions for 2026
For 2026, the Internal Revenue Service (IRS) has increased standard deductions to account for inflation:
- Single filers: $16,100
- Married filing jointly: $32,200
- Head of household: $24,150
What this means for you:
Higher standard deductions allow you to earn more income before taxes apply, potentially lowering your overall tax liability.
New & Expanded Tax Benefits
Several tax benefits have been enhanced under recent tax law updates:
- Increased Child Tax Credit amounts
- Higher Earned Income Tax Credit (EITC) limits
- Expanded employer childcare tax credits
- Increased limits for medical savings accounts and FSAs
These enhancements can significantly reduce taxes owed—or increase your refund—if claimed correctly. Many taxpayers miss out because they aren’t aware of eligibility changes, so consulting a tax professional can be invaluable.
New Deduction Opportunities for Employees
One major update many taxpayers overlook:
Employees may now qualify for deductions related to overtime pay and tips.
- Up to $12,500 for individual filers
- Up to $25,000 for married couples filing jointly
This applies to eligible deductions related to overtime pay and tips. This change benefits service industry workers, hourly employees, and those in tipped professions.
IRS Free File Options
The IRS continues to offer its Free File program, allowing eligible taxpayers to prepare and file federal returns online at no cost using approved partner software.
While the program is a great resource, eligibility rules can be confusing, and mistakes can be costly. Filing incorrectly could result in missed deductions, slower refunds, or even IRS notices. Professional guidance ensures accurate submissions while maximizing eligible credits.
How ABSE Tax Helps You Prepare for the 2026 Tax Season
Tax law changes can be overwhelming, and even small errors can have big consequences. ABSE Tax assists individuals and businesses in navigating these updates, helping you understand new rules and apply deductions correctly.
Our services include:
- Individual & business tax preparation
- Bookkeeping & financial organization
- Credit and deduction optimization
- IRS compliance and support
These tax changes could save you money—but only if applied correctly. ABSE Tax ensures nothing is missed.
Expect Larger Refunds in 2026 — But Stay Cautious
Many taxpayers are expected to see larger refunds this year. However, with bigger refunds comes increased risk from scammers. Staying informed and cautious is essential.
Larger Refunds Expected
Experts predict that 2026 could be one of the largest refund years in recent history, with many households seeing increases of $1,000–$2,000. Factors driving these larger refunds include updated tax laws, higher standard deductions, and inflation adjustments.
IRS Scam Warnings: Stay Alert
Tax season is prime time for fraud. Common scams include:
- Fake IRS phone calls demanding immediate payment
- Emails or texts requesting personal or banking information
- False charities offering deceptive deductions
Important Reminder: The IRS will never request payment via gift cards, wire transfers, or unsolicited messages. Always verify requests and contact professionals if unsure.
Audit Risks & Smart Filing Practices
Keeping accurate records is critical for protecting yourself in case of an audit. Areas to pay attention to include:
- Home office deductions
- Business expenses and losses
- Charitable donations
Proper documentation and organized financial records help safeguard your filings and reduce the likelihood of penalties.
Why Choose ABSE Tax This Tax Season?
Bigger refunds are exciting, but accuracy and compliance are essential. ABSE Tax helps taxpayers:
- File returns accurately and on time
- Maximize eligible refunds
- Avoid IRS penalties and scams
- Stay compliant with current regulations
With the right preparation, you can confidently navigate tax season and make the most of updated deductions and credits.
Final Takeaway
The 2026 tax season presents new opportunities to save money through higher deductions, enhanced credits, and expanded employee deductions. However, understanding and correctly applying these changes is crucial. Professional support from ABSE Tax ensures that you file correctly, claim all benefits, and avoid costly errors or scams.
Being proactive now—not waiting until the last minute—allows you to reduce stress, maximize refunds, and maintain compliance. With organized records and expert guidance, this tax season can be simpler, more rewarding, and less stressful than ever before.
Contact ABSE Tax — Let Us Prepare You for Tax Season
ABSE Tax Contact Information
18000 Pioneer Blvd, Suite #203, Artesia, CA 90701
(562) 403-1177
Fax: (562) 403-1199
info@absetax.com
https://absetax.com
Start preparing today to ensure a smooth, accurate, and stress-free 2026 tax season. Let ABSE Tax handle the complexities while you focus on your personal and business priorities
