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The Economic Times

Global Business / The Economic Times

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Major IRS leak emerges days before tax filing season what taxpayers should know

The IRS is launching the 2026 tax season with a major leadership reshuffle. Chief Executive Officer Frank Bisignano now leads a streamlined executive team. Filing officially begins Monday, January 26, for 164 million taxpayers. Under the new One Big Beautiful Bill Act, seniors can claim a $6,000 deduction. Workers also benefit from zero taxes on tips and overtime. Use the new Schedule 1-A to claim these massive savings.

23 Jan 2026 6:29 pm