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•  Higher standard deduction: 15,750 for single filers, up from the $15,000 previously in place. Married couples filing jointly, it is increased to $31,500, up from $30,000. And for heads of households, their standard deduction will be $23,625, up from $22,500

• Anyone 65 and older may now take an additional $6,000 deduction/  on top of your standard deduction or itemized deductions.

• SALT has been increased from the $10,000 to $40,000 which is reported if you itemize Sales, Property and Mortgage Interest.  Must have a 1098

• Car loan interest deduction

• If you bought a new vehicle (eg, a car, motorcycle or van) for personal use this year and you took out a loan, you may be allowed to deduct up to $10,000 in interest. But only if the  production for your vehicle was done in the USA, A Year End Statement from your lender will be needed

• Ending EV Credits on USA Vehicles purchased before September 2025

• Tax on Tips  up to $25,000 will not be Taxed - it must be reported on a W2 or 1099 (There will be income phaseouts)

• Tax on  Overtime up to $12,500 will not be taxed, must be reported on a W2 or 1099 (There will be income phaseouts

• 1098T will be required to report a Tuition Credit

• 1095A forms will be needed if you received Medical Insurance from the Market Placewill be April 15th, 2026