I Asked ChatGPT Which Tax Changes in 2026 Could Affect Your Refund the Most — Here’s What It Said

Group 1 - The 2026 tax season is underway with significant tax law changes that could impact financial situations, including potential for larger refunds and tax savings [1][2] - The standard deduction has increased for the 2026 filing season, allowing more income to be shielded from tax, which may reduce tax liability and increase refunds [3] - Federal income tax brackets have been indexed for inflation, potentially allowing taxpayers to remain in lower brackets unless their income grows significantly, thus owing less tax [4] Group 2 - The Child Tax Credit for qualifying children will increase, directly lowering tax owed and potentially boosting refunds for eligible taxpayers [4] - Other family-related credits, such as the Earned Income Tax Credit and adoption credit, have higher limits for 2026, which may lead to increased refund amounts based on income and family situation [5] - The deduction cap for state and local taxes (SALT) has been raised significantly, benefiting homeowners in high-tax states who itemize, potentially lowering taxable income and increasing refunds [6] Group 3 - New deductions will be available on 2025 tax returns filed in 2026, including deductions for overtime pay, qualified tips, and certain car loan interest [7] - A special additional deduction for taxpayers aged 65 and older will apply through 2028, providing older filers with an extra means to reduce taxable income and potentially increase refunds [7]