Perils await in next year’s tax season
The next tax-filing season — for 2025 taxes — might be one to remember, but not for reasons taxpayers would prefer. While many provisions of the new federal budget law signed by President Donald Trump are being welcomed by probably most Americans, because of tax benefits the budget package will provide, it is the upcoming filing season itself that could be a major cause of distress and taxpayer unrest as 2026 dawns. That’s especially true for taxpayers due a refund who depend on that refund arriving quickly to meet financial obligations. Perhaps timely refunds will not be a ...