IRS liaison outlines 2026 filing changes: higher standard deduction, seniors' boost, and filing-extension guidance
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Summary
Yolanda Durant, an IRS stakeholder liaison, reviewed 2026 tax changes on BronxNet, including a larger standard deduction, expanded seniors' deduction, new rules affecting overtime and tips reporting, guidance on certain vehicle-purchase tax treatment, and practical advice on filing extensions and avoiding mistakes.
Yolanda Durant, identified on-air as an IRS stakeholder liaison, joined BronxNet to summarize key changes affecting 2026 tax filers and to offer practical filing advice.
Durant said employees should pay attention to how overtime and tips are reported on W‑2s, and noted an increase in standard deductions and specific expanded benefits for seniors. She described an additional seniors deduction amount for filers 65 and older, saying it can be as much as $6,000 (details depend on filing status and IRS guidance). Durant also discussed the interaction of SALT (state and local tax) limits and itemizing for taxpayers with significant property or estate considerations.
On timing and process, Durant advised taxpayers who need more time to file to submit an extension (which extends filing to October but does not extend payment deadlines), and recommended voluntary payments when taxpayers expect a balance due. She described IRS efforts to encourage direct deposit over paper checks to reduce delays and fraud, and encouraged taxpayers to maintain thorough records to avoid errors that would trigger letters or delays.
The segment referenced forthcoming IRS online guidance for newer features such as a proposed child savings account and said more information would appear at irs.gov when details are finalized.