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CHAMPAIGN, Ill. (WCIA) — Amid rising concerns over inflation and the cost of living, there might be potential relief on the horizon for your 2026 tax return.
Piper Sandler, a financial services firm, anticipates that the average taxpayer could see an increase of about $1,000 in their return. This boost is partly due to new legislation that exempts taxes on tips and certain overtime earnings, according to tax experts like Eric Chaney from Jackson Hewitt.