Occurring each year on the Tuesday after Thanksgiving in the United States, GivingTuesday was designed to follow the spending frenzy of Black Friday and Cyber Monday—inviting people to turn their focus from consumption to contribution.

The 2026 tax season brings significant changes and opportunities. 

Starting with tax year 2025 and continuing through 2028,employees and contractors in certain tipped occupations can deduct up to$25,000 annually per return in voluntarily paid and reported qualified tip income. This deduction is claimed directly on their individual tax returns and is considered “above-the-line,” which means it can be taken even if the taxpayer does not itemize.

Reconciliation Bill H.R.1 introduced a new “no tax on tips” provision allowing workers in tipped occupations to claim a tax deduction for qualified tips received.

The Internal Revenue Services recently released Rev. Proc. 2025-32 providing the annual inflation adjustments for more than 60 tax provisions for tax year 2026 and increases the standard deduction for tax year 2025 as prescribed by the Reconciliation Bill. 

On March 25, 2025, President Donald Trump issued Executive Order 14247 which was issued to help prevent theft of tax refunds and to reduce the cost and infrastructure needed to continue processing paper checks.