Complexities of the New Tax Reform for Families
January 11, 2026
The new tax reform introduces changes that primarily benefit the middle class through increased tax allowances and deductions. However, the calculations for the exemptions are complex and depend on the family's composition and incomes. Various family situations, such as single-parent families and cohabitation without marriage, add intricate factors. A guide from the Tax Department is expected to be necessary for filing tax returns in 2027. Cooperation among family members' financial details is essential for the success of implementing this tax system.