Post by TAX SPOC

🇺🇸 Tax Day 2026 in the U.S is Today! Tax Day is here, and this year’s filing season reflects the impact of new measures introduced under Donald Trump’s “big, beautiful bill.” 💰 What’s New? Taxpayers gained access to several new deductions, including: Breaks on tips and overtime income An enhanced senior deduction Car loan interest deductions A higher cap on state and local taxes (SALT) 📊 Refund Reality Check According to the Internal Revenue Service, average refunds are up about 11% (+$346) compared to last year. However, that’s well below the $1,000 boost some had expected. Many taxpayers don’t qualify for all deductions due to income limits and eligibility rules. ⏳ Deadline & Late Filing 📅 Deadline: April 15, 2026 ⏱️ E-file by midnight or ensure mailed returns are postmarked on time 📄 Need more time? File for a 6-month extension (but pay what you owe now) Missing the deadline can lead to penalties—up to 5% per month if you owe taxes. #TaxDay #USTaxes #TaxPolicy #PersonalFinance #IRS #PublicPolicy #Finance #Economy