Thu Feb 12 10:10:00 UTC 2026: ### Tax Season 2026: IRS Processing Returns Amidst Anticipated Refund Increase
The Story:
The IRS began accepting tax returns on January 26, 2026. With over 90% of returns filed electronically, totaling over 150 million, taxpayers are utilizing online resources. The “One Big Beautiful Bill” tax cuts are projected to increase refunds this year. Taxpayers are encouraged to use the “Where’s My Refund?” tool on the IRS website to track their refund status.
Key Points:
- The IRS started accepting tax returns on January 26, 2026.
- Over 90% of tax returns are filed electronically, exceeding 150 million returns.
- The “One Big Beautiful Bill” tax cuts are expected to increase refund amounts in 2026.
- Legislations are projected to generate $91 billion in retroactive tax relief.
- Taxpayers can use the “Where’s My Refund?” tool on the IRS website to check their refund status.
- The deadline to file federal income tax returns for 2025 is April 15, 2026.
- Americans abroad have until June 15, 2026, to file.
- The IRS advises taxpayers not to rely on specific refund dates for significant purchases.
Critical Analysis:
The article highlights the continued trend of electronic tax filing and the anticipation surrounding increased refunds due to recent tax legislation. The emphasis on using the “Where’s My Refund?” tool reflects the IRS’s efforts to manage taxpayer expectations and provide transparency regarding refund processing times. The mention of potential delays and reasons for them underscores the complexity of tax administration, even in the digital age.
Key Takeaways:
- Electronic tax filing remains the dominant method.
- Taxpayers should utilize available online resources to track their refunds.
- Legislative changes are significantly impacting tax refund amounts.
- Refund processing times can vary, and taxpayers should plan accordingly.
- The IRS provides clear guidelines on filing deadlines for both domestic and international taxpayers.
First Piper 