6 New Tax Breaks You Could Be Missing in 2026

A new federal tax law quietly created six new deductions — for tipped workers, overtime workers, car buyers, seniors, and parents — worth thousands of dollars a year. And here's the problem: the IRS won't add them for you. If you don't claim them, that money stays with the government. In this video we break down every new deduction, who qualifies, the income limits, and the catch. On TaxCode we break down the US tax system in plain English — no jargon, just what actually works. ⚠️ Educational only — not personal tax or financial advice. Confirm your eligibility with a tax professional. Source: IRS.gov (Schedule 1-A, One Big Beautiful Bill provisions). 🔔 Subscribe to keep more of what you earn.