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Kiplinger
Kiplinger
Business
Sandra Block

Tax Changes That Could Lower Your 2025 and 2026 Bills

The word taxes written on puzzle pieces.

Filing your taxes as early as possible has always been a good idea. It’s the most effective way to thwart crooks from submitting a fraudulent return in your name, claiming a refund. And if you are due a refund, the sooner you file, the sooner you’ll have the money in your pocket.

This year, it’s even more important than usual to get a head start on preparing your return. As a result of tax legislation enacted in July 2025, known by some as the One Big Beautiful Bill (OBBB), you’ll need to navigate a thicket of new provisions, covering everything from car loans to property taxes to an extra deduction for those 65 and older.

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