This year, there are some changes as a result of President Donald Trump's so-called "Big Beautiful Bill."
Among the changes are no tax on tips or overtime, a deduction on interest paid for some car loans and a higher standard deduction.
Part 1 - Our Chicago: Tax changes as a result of the 'One Big, Beautiful Bill'
For taxes filed this year, that standard deduction for married couples will be $31,500, for individuals, it will be $15,750.
"The standard deduction is a universal deduction that everybody gets that files a tax return," said Mark Gallegos, a partner with Porte Brown Accountants and Advisors. "So, you get the greater of the standard deduction or the itemized deduction. Since most Americans typically take the standard deduction it has been increased now."
He calls it a great way to save on taxes. As for what's described as no tax on tips, Gallegos explains it this way: "If you receive tip income, you're a server right, you're still going to pay taxes on those tips just like you normally would. But now we have a tip deduction. And what that is that assuming you meet the requirements, you can get up to a $25,000 of that to be a deduction."
Part 2 - Our Chicago: Tax changes as a result of the 'One Big, Beautiful Bill'
Gallegos said this year your W-2 will not be updated: "So, it's going to be harder, so it's more important to keep those records, those logs, what you've received in order to give your tax preparer that information."
People who bought a new car last year, might be able to take a deduction for some of the interest they'll pay if they took out a loan.
"You can get up to $10,000 of the interest you're paying on that as a deduction. Now, that car has to be assembled in the U.S. Also, you're going to have to report the VIN number of that car when you file your tax returns so it lines up."
He says leased vehicles to not qualify.
Gallegos urges people to get organized early, file early and file electronically.
If you do so and if you use direct deposit you could have your refund in about 21 days.