Tax season is here – and you will now keep more of what you earn

By U.S. Rep. Tom Cole
R-Oklahoma

It is officially tax filing season.

As a fellow American who has gone through the daunting task of filing my taxes year after year, I know how dreadful this can be. However, this year, Republicans and President Trump hope to have turned this dread into relief.

Through the Working Families Tax Cuts, also known as the One Big Beautiful Bill, we simplified the tax code for 91 percent of taxpayers by boosting the Standard Deduction and ending the Democrats’ unlawful Direct File design. 

As a result, families will not pay any taxes on the first $31,500 they make – a large jump from not paying on only the first $13,000 you made under President Obama - and individuals will not pay any taxes on the first $15,750 he or she made. On top of that, our work to lock in the standard deduction will save the American people not only money, but also time. In fact, about 210 million hours per year in paperwork will be saved and $13 billion in compliance costs annually.

But what does this mean for you, the average American taxpayer?

Bottom line, it means the largest tax cuts in history. Since these cuts are retroactive to 2025, the average refund is projected to increase by $1,000 with a total of $91 billion in additional refunds being returned to the American people this spring. In 2026 as a whole, the average taxpayer is expected to see nearly $4,000 in total tax savings.

This is truly historic. So, on top of that good news, I want to provide you with some information, tips, and resources to ensure you are well-prepared for this tax filing season.

First, it is critical to file your tax returns on or before Wednesday, April 15th to avoid late penalties and interest. However, if for any reason you do need more time to file, you can request an extension. This must be done by the April tax filing due date.

It is also important to note that members of the military and veterans have special tax situations and benefits. 

Students and parents also have special tax situations and benefits. 

Another important group that has special tax situations and benefits are seniors. 

Taxpayers who have a disability, are limited in their English-speaking ability, are 60 years or older, or who generally make $69,000 or less should know they are eligible to receive free tax prep help from an IRS approved volunteer.

* * *

••• Publisher's note: A free press is critical to having well-informed voters and citizens. While some news organizations opt for paid websites or costly paywalls, The Highland County Press has maintained a free newspaper and website for the last 27 years for our community. If you would like to contribute to this service – and want it to continue – it would be greatly appreciated. Donations may be made to: The Highland County Press, P.O. Box 849, Hillsboro, Ohio 45133. Please include "for website" on the memo line.