Tax Tip 2026-12: New and enhanced deductions for individuals

IRS Tax Tips Feb. 12, 2026
Useful Links: IRS.gov Help For Hurricane Victims News Essentials What's Hot News Releases IRS - The Basics IRS Guidance Media Contacts Facts & Figures Around The Nation e-News Subscriptions The Newsroom Topics Multimedia Center Noticias en Español Radio PSAs Tax Scams/Consumer Alerts The Tax Gap Fact Sheets IRS Tax Tips Armed Forces Latest News IRS Resources Contact Your Local IRS Office Filing Your Taxes Forms & Instructions Frequently Asked Questions Taxpayer Advocate Service Where to File IRS Social Media	Issue Number: Tax Tip 2026-12 New and enhanced deductions for individuals There are several new tax deductions that have been introduced for the 2026 filing season. A deduction is an amount subtracted from the taxpayer's income when filing. Deductions lower the taxable income resulting in lowering the federal income tax obligation. New deductions for 2026 filing season Seniors age 65 and older may be eligible to claim an additional $6,000 deduction Tipped workers may be eligible to deduct up to $25,000 for qualified tips Individuals may be eligible to deduct up to $12,500 ($25,000 for joint filers) for qualified overtime Individuals may deduct up to $10,000 in qualified passenger vehicle loan interest All new or enhanced deductions are available for both itemizing and non-itemizing taxpayers. Each of these deductions phase out based on income level for individual and joint filers and have specific eligibility requirements. This information can be found on the One, Big, Beautiful Bill provisions page for individuals and workers. Standard deduction amounts for tax year 2025 The standard deduction is a flat amount based on federal income tax filing status (single, married filing separately, married filing jointly, head of household, or qualifying surviving spouse). The IRS adjusts the standard deduction annually for inflation. $15,750 for single or married filing separately $31,500 for married couples filing jointly or qualifying surviving spouse $23,625 for head of household Most people take the standard deduction. However, some may not be eligible to take it or if deductible expenses and losses are more than the standard deduction, taxpayers have the option to itemize deductions. Itemized deductions are subject to certain dollar limitations. They can include amounts paid during the taxable year for: state and local income or sales taxes, real property taxes, personal property taxes, mortgage interest, disaster losses, gifts to charities, certain gambling losses, and medical and dental expenses. Taxpayers are reminded that they need documents to show expenses or losses they want to deduct. Tax software will calculate deductions and enter them in the right forms. Taxpayers who earned less than $89,000 in 2025 can use Free File guided tax software to prepare and electronically file their 2025 federal income tax returns for free. All taxpayers can use Free File Fillable Forms regardless of income level. The IRS Interactive Tax Assistant can help a person decide if they're eligible for many popular tax credits and deductions. More information FAQs for IRS itemized deductions and standard deduction Tax topic: Should I itemize? Subscribe to IRS Tax Tips Back to top           Thank you for subscribing to IRS Tax Tips, an IRS e-mail service. For more information on federal taxes please visit IRS.gov. This message was distributed automatically from the IRS Tax Tips mailing list. Please Do Not Reply To This Message.

 

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Recent Development for Tax Products

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Recent Developments for Tax Products 02/12/2026
Tax Products Topics Forms & Publications All Tax Products Draft Tax Products Help with forms and instructions Post-release changes to tax forms, instructions, and publications Comments on Tax Forms, and Publications IRS Resources Taxpayer Bill of Rights Contact My Local Office File your tax return Newsroom Let us help you Taxpayer Advocate Service Where to File	The Following Early Release(s) have been posted Early Releases are draft versions of tax forms, instructions, and publications. Do not file draft forms and do not rely on information in draft instructions or publications. Product Title Rev. Date Posted Publication 560 Retirement Plans for Small Business (SEP, SIMPLE, and Qualified Plans) 2025 02/12/2026 Back to Top Thank you for subscribing to Recent Development for Tax Products, an IRS e-mail service. This message was distributed automatically from the mailing list Recent Development for Tax Products. Please Do Not Reply To This Message.

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Unauthorized Use of an EFIN

QuickAlerts for Authorized IRS e-file Providers/EROs February 11, 2026
e-file Resources QuickAlerts Library QuickAlerts Article QuickAlerts Brochure e-file for Tax Pros Software Developers IRS.gov Refund Information Other Useful Links Tax Professionals Home All Forms and Instructions Stakeholders Partners' Headliners Training and Communication Tools e-Services Disaster Relief Internal Revenue Bulletins	Subject:  Unauthorized Use of an EFIN  ATTN: Authorized IRS e-file Providers/EROs As a reminder, Authorized IRS e-file Providers are required to follow the safeguarding and unauthorized use policies set forth in Publication 3112, IRS e-file Application and Participation, and Publication 1345, Authorized IRS e-file Providers of Individual Income Tax Returns. Providers must protect their EFINs from unauthorized use and never share them. Prohibited actions include: Accepting payment for the use of an EFIN or purchasing an EFIN from someone else. (e.g., renting/leasing/selling). Transferring EFINs to another entity when transferring the business by sale, gift or other disposition. Selling software for resale (re-branding, white label, etc.), the software developer must ensure that the original purchaser does not resell the software with the original purchasers EFIN.   Only the IRS has the authority to issue EFINs. An Electronic Return Originator (ERO) may only initiate the electronic submission of returns that the ERO prepared or collected from a taxpayer or an Authorized IRS e-file Provider. Software developers and transmitters should validate and request proof of ownership of the EFIN from the IRS e-file application. Back to Top Thank you for subscribing to QuickAlerts for Authorized IRS e-file Providers/EROs, an IRS e-mail service. If you have an idea or a question related to QuickAlerts you can contact us by e-mail. Submissions which are not related to QuickAlerts will not be processed. If you have tax related questions you should pursue normal customer service channels provided on IRS.gov. If you know someone who might want to subscribe to this mailing list, please forward this message to them so they can subscribe. This message was distributed automatically. Please Do Not Reply To This Message.

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Recent Development for Tax Products

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Recent Developments for Tax Products 02/11/2026
Tax Products Topics Forms & Publications All Tax Products Draft Tax Products Help with forms and instructions Post-release changes to tax forms, instructions, and publications Comments on Tax Forms, and Publications IRS Resources Taxpayer Bill of Rights Contact My Local Office File your tax return Newsroom Let us help you Taxpayer Advocate Service Where to File	The Following Early Release(s) have been posted Early Releases are draft versions of tax forms, instructions, and publications. Do not file draft forms and do not rely on information in draft instructions or publications. Product Title Rev. Date Posted Publication 721 Tax Guide to U.S. Civil Service Retirement Benefits 2025 02/11/2026 Back to Top Thank you for subscribing to Recent Development for Tax Products, an IRS e-mail service. This message was distributed automatically from the mailing list Recent Development for Tax Products. Please Do Not Reply To This Message.

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Recent Development for Tax Products

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Recent Developments for Tax Products 02/11/2026
Tax Products Topics Forms & Publications All Tax Products Draft Tax Products Help with forms and instructions Post-release changes to tax forms, instructions, and publications Comments on Tax Forms, and Publications IRS Resources Taxpayer Bill of Rights Contact My Local Office File your tax return Newsroom Let us help you Taxpayer Advocate Service Where to File	The Following Early Release(s) have been posted Early Releases are draft versions of tax forms, instructions, and publications. Do not file draft forms and do not rely on information in draft instructions or publications. Product Title Rev. Date Posted Publication 969 Health Savings Accounts and Other Tax-Favored Health Plans 2025 02/11/2026 Back to Top Thank you for subscribing to Recent Development for Tax Products, an IRS e-mail service. This message was distributed automatically from the mailing list Recent Development for Tax Products. Please Do Not Reply To This Message.

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This email was sent to business.solutions.ve@gmail.com by: Internal Revenue Service (IRS) · Internal Revenue Service · 1111 Constitution Ave. N.W. · Washington, D.C. 20535

Recent Development for Tax Products

Having trouble viewing this email? View it as a Web page.                                                                                                                                                

Recent Developments for Tax Products 02/11/2026
Tax Products Topics Forms & Publications All Tax Products Draft Tax Products Help with forms and instructions Post-release changes to tax forms, instructions, and publications Comments on Tax Forms, and Publications IRS Resources Taxpayer Bill of Rights Contact My Local Office File your tax return Newsroom Let us help you Taxpayer Advocate Service Where to File	The Following Early Release(s) have been posted Early Releases are draft versions of tax forms, instructions, and publications. Do not file draft forms and do not rely on information in draft instructions or publications. Product Title Rev. Date Posted Instruction 4562 Instructions for Form 4562, Depreciation and Amortization (Including Information on Listed Property) 2025 02/11/2026 Back to Top Thank you for subscribing to Recent Development for Tax Products, an IRS e-mail service. This message was distributed automatically from the mailing list Recent Development for Tax Products. Please Do Not Reply To This Message.

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QuickAlerts - Form 1040 Series, Additional Business Rule Updates are available for Tax Year 2025

Having trouble viewing this email? View it as a Web page.                                                                                                                                                  QuickAlerts for Tax Professionals February 09, 2026 Subject: Form 1040 Series, Additional Business Rule Updates are available for Tax Year 2025 Attention: Software Developers, Return Transmitters and Authorized IRS e-file Providers/EROs. Tax Year 2025 / Processing Year 2026, Business Rule Change Pages Only The following Form 1040 Series business rule updates are now available Form 1040 Series 2025 v5.1_Updates Software Developers and State organizations may download Modernized e-File (MeF) schemas and business rules from their e-Services mailbox. To access these files, you must have: An active e-Services account An e-File application with the Software Developer or State Provider option, and an associated tax type of 1040, 2350, 4868, 56, or 9465 For more information about MeF Schemas and Business Rules, please visit the Modernized e-File (MeF) Schemas and Business Rules page on IRS.gov. You may have multiple messages in your e-Services mailbox. Please open all messages to locate the files you wish to download. Messages are purged after 60 days. If you have the appropriate role and the files are not available for download within 48 hours, please contact the MeF Mailbox and include the following information: Company Name, ETIN, and the required schema package(s) with the applicable tax year. Back to Top Thank you for subscribing to QuickAlerts for Tax Professionals, an IRS e-mail service. If you have an idea or a question related to QuickAlerts you can contact us by e-mail. Submissions which are not related to QuickAlerts will not be processed. If you have tax related questions you should pursue normal customer service channels provided on IRS.gov. If you know someone who might want to subscribe to this mailing list, please forward this message to them so they can subscribe. This message was distributed automatically. Please Do Not Reply To This Message.   e-file Resources QuickAlerts Library QuickAlerts Article QuickAlerts Brochure e-file for Tax Pros Software Developers IRS.gov Refund Information Other Useful Links Tax Professionals Home All Forms and Instructions Training and Communication Tools e-Services Disaster Relief Internal Revenue Bulletins Update your subscriptions, modify your password or email address, or stop subscriptions at any time on your Subscriber Preferences Page. You will need your email address to log in. If you have questions or problems with the subscription service, visit subscriberhelp.govdelivery.com. This service is provided to you at no charge by the Internal Revenue Service (IRS). This email was sent to business.solutions.ve@gmail.com by: Internal Revenue Service (IRS) · Internal Revenue Service · 1111 Constitution Ave. N.W. · Washington, D.C. 20535