Several states have extended federal tax deadlines into late 2025 or 2026 for residents impacted by 2025 natural disasters. Major extensions include Feb 2, 2026, for parts of New Mexico, Texas, Mississippi, and others. Affected areas often get until Nov 3, 2025, or May 1, 2026, for filing and payments, per the IRS disaster relief page. Key 2026 Disaster Extensions (Feb-May 2026): - February 2, 2026: Portions of New Mexico, Texas, Mississippi, Minnesota, North Dakota, South Dakota, West Virginia, and Wisconsin. - - May 1, 2026: Portions of Alaska, Montana, and Washington. - - June 8, 2026: Parts of Mississippi (due to winter storm). - 2025 Extended Deadlines (Nov 3, 2025): - Missouri: Specific areas impacted by severe storms. - Tennessee: The entire state due to April 2025 storms. - Other areas: Parts of Arkansas, Kentucky, Oklahoma, and Virginia also received extensions to November.

With the April 15 tax deadline fast approaching, the Internal Revenue Service reminds taxpayers that there is still time to file their federal income tax return electronically and request direct deposit for any refund due. Taxpayers can avoid interest and some penalties by filing their tax return, and if they owe, paying the full amount due by the deadline.

The Internal Revenue Service published, for tax year 2025, a new schedule that taxpayers will use to realize important tax benefits of the One, Big, Beautiful Bill, including no tax on tips, no tax on overtime, no tax on car loans, and no tax on seniors. Schedule 1-A PDF and its related instructions (included in the Form 1040 Instructions PDF) allow taxpayers to deduct amounts for tips, overtime, car loans, and the enhanced deduction for seniors. Part II of the new instructions explains how to determine the amount of qualified tips, how to claim the deduction, up to $25,000, and the phaseout for modified adjusted gross income greater than $150,000 ($300,000 for married taxpayers filing joint returns). Workers can claim this deduction whether they claim the standard deduction or itemize. Part III of the new instructions explains how certain workers can claim a deduction for overtime compensation they received. Married taxpayers must file a joint return to claim this deduction. Workers can claim this deduction whether they claim the standard deduction or itemize. Part IV of the new instructions explains how taxpayers can claim a deduction for car loan interest. Taxpayers can deduct qualified passenger vehicle loan interest whether they claim the standard deduction or itemize. The instructions define the terms “qualified passenger vehicle loan interest,” “applicable passenger vehicle,” “final assembly in the United States,” and “personal use,” and provide an example. Part V describes the enhanced deduction for seniors, which can be claimed whether they take the standard deduction or itemize; to claim the deduction, married couples must file jointly.

IR-2026-37, March 20, 2026 WASHINGTON ― The Internal Revenue Service today announced that over 1.3 million people across the nation have unclaimed refunds for tax year 2022 and face an April 15 deadline to submit their tax returns. The IRS estimates that approximately $1.2 billion in refunds remains unclaimed for taxpayers who have not filed their Form 1040 Federal income tax return for the 2022 tax year. The IRS estimates the median refund amount is $686 for 2022, which means that half of the refunds are more than $686. This estimate does not include credits that may be applicable. Under the law, taxpayers usually have three years to file and claim their tax refunds. If they do not file within three years, the money becomes the property of the U.S. Treasury.

FS-2026-07, March 2026 ― Certain provisions in the One, Big, Beautiful Bill signed into law on July 4, 2025, lessen the tax burden for gig economy workers. By making certain business deductions permanent, the new law allows gig workers to keep more of what they’ve earned.