The "No Tax on Restored Benefits Act" was just introduced this month (February 2026) and has been referred to the House Ways and Means Committee. While it has broad bi-partisan support, there is currently no confirmed timeline for passage. Assuming it does pass, I find it quite unlikely that it would include any changes for this tax filing season. It's a really big deal to make changes in the middle of the filing season. More likely it would include provisions to allow for recouping any taxes paid on a future tax return - just my opinion. What action Congress will take, and when is anybody's guess. No one here has a crystal ball. If I personally was potentially affected by its passage, I would go ahead file now.
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