The biggest tax overhaul in years just went into effect, and most people have no idea what it means for their paychecks. The Working Families Tax Cuts Act got signed into law back in July 2025, but the real changes hit on Jan. 1, 2026, to impact your 2027 tax filing.
Some provisions kicked in retroactively for 2025, which means your tax refund this filing season could be bigger than you expect. But if you want to get the most out of these new rules, you need to act now before the window closes on certain benefits.
