7 Tax Law Changes That Could Affect Your Tax Refund Or Bill

Описание: Your 2026 refund/tax bill could look different. Here are the biggest 2026 tax changes that could affect your refund or tax bill, and who they actually impact:

1) Most filers
Tax brackets shifted and the standard deduction increased, which can change your taxable income even if nothing in your life changed.

2) Parents
The child tax credit is now up to $2,200 per child, which can lower your tax bill dollar-for-dollar if you qualify. There’s also a new baby investment account program for babies born 2025–2028 (eligibility rules apply).

3) Tipped workers
You may be able to deduct up to $25,000 of qualified tips, which can reduce taxable income if you meet the income limits and other requirements.

4) Overtime workers
There’s a new overtime deduction up to $12,500 (or $25,000 if you file jointly), but it has rules and typically applies to the “extra” overtime portion, not your entire paycheck.

5) Bought a new car with a loan
You may be able to deduct up to $10,000 of car-loan interest paid, if the loan and your income meet the requirements.

6) High-tax states (only if you itemize)
The SALT deduction cap is higher (up to $40,000 for married filing jointly), which matters most for homeowners and higher earners who itemize instead of taking the standard deduction.

7) EV + home energy upgrades
Several clean energy tax credits ended—EV credits generally after 9/30/2025, and home energy credits after 12/31/2025—so timing can decide whether you qualify.

These are big changes, but each one has exceptions and income limits.
🔗 Link in bio for the full list to see exactly how you're impacted