Watching Your Wallet: 2026 Tax ChangesFRESNO, Calif. (KFSN) -- As the IRS starts accepting and processing 2025 federal tax returns, there are major changes to navigate. The passage of the One Big Beautiful Bill includes modifications to standard deductions, and potential new tax breaks for Americans. "That was a transformative piece of tax legislation largest I've seen in 40 years and mostly for good." The IRS has been pretty clear on that that is not a tip that's a service charge. "If you're 65 or older on December 31, you get a brand new deduction of 6,000 dollars per person," he says.