Press Releases

Simpler Tax Filing, Bigger Tax Refunds, and Protecting Your Tax Cuts

The Working Families Tax Cuts make tax season easier and deliver bigger tax refunds; while House Republicans work to ensure workers keep the relief Democrats opposed

Washington, February 6, 2026

WASHINGTON — With tax filing season underway, 91% of Americans are finding it easier than ever to file their taxes thanks to President Trump and Congressional Republicans’ Working Families Tax Cuts.

This year, Americans are spending less time on paperwork and keeping more of their hard-earned money.

SIMPLER TAX FILING IN 2026

  • Largest tax refunds in history projected this season
  • 210 million hours saved collectively on tax preparation
  • $13 billion in compliance costs reduced
  • Over $10,000 more in annual take-home pay for working families

PERMANENTLY EXPANDED STANDARD DEDUCTION

The Working Families Tax Cuts permanently locked in and enhanced the doubled standard deduction, simplifying filing for more than 90 percent of taxpayers.

New standard deduction levels:

  • $15,750 for single or married filing separately filers
  • $31,500 for married couples filing jointly
  • $23,625 for head of household filers

REDUCING PAPERWORK FOR SMALL BUSINESSES AND WORKERS

  • The Working Families Tax Cuts cut unnecessary IRS paperwork and simplify reporting requirements:
  • Increased the income reporting threshold to $2,000 before small businesses must send certain tax forms
  • Restored the 1099-K reporting threshold to $20,000 and 200 transactions
    • Reverses Democrats’ $600 single-transaction requirement for third-party payment platforms like Venmo
  • Reduced paperwork requirements for independent contractors and farmers
  • Eliminated extra reporting burdens on small and occasional payments
  • Made compliance simpler for gig workers and small business owners

Less paperwork. Less hassle.

PROTECTING TAX RELIEF IN DEMOCRAT-RUN JURISDICTIONS

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Congressional Democrats voted against the tax cuts that are now putting more money in Americans’ pockets — and Democrat leaders in Washington, D.C. and blue states around the country are attempting to block those same provisions from taking effect locally.

This week, the House passed a joint resolution overturning the D.C. Council’s recent action to block tax relief and restoring the full benefits of the Working Families Tax Cut for workers and businesses in the District of Columbia.

The D.C. council sought to prevent implementation of:

  • No tax on tipped wages
  • No tax on overtime wages
  • Increased standard deduction
  • Key business tax relief provisions

This action by House Republicans ensures workers in the nation’s capital receive the same tax relief as families across the country.

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