As the tax season looms, the IRS is advising Americans to begin their preparation early, signaling that now is the optimal time to get organized for the upcoming 2026 tax filing. The agency has emphasized that taking proactive steps can alleviate common stressors associated with tax season, help mitigate errors, and expedite refunds when the time comes.
With the approaching 2026 filing season—linked to earnings from 2025—the IRS is alerting taxpayers to recent changes stemming from significant legislation, notably the One, Big, Beautiful Bill. The modifications in deductions, credits, and refund processes underscore the importance of start planning ahead. Tax experts caution that familiar deductions may be different this time around, and understanding these adjustments early can help individuals avoid pitfalls while maximizing potential benefits.
The IRS has highlighted an array of tax changes that can profoundly impact federal taxes, including innovations like no taxes on tips and overtime, as well as a new temporary deduction aimed at supporting seniors and other qualifying individuals. These alterations make it crucial for taxpayers to prepare their documentation ahead of the April 15, 2026 deadline.
Additionally, a notable shift in how taxpayers will receive their refunds is on the horizon. By late 2025, the IRS will phase out paper refund checks in favor of direct deposits, ensuring a quicker and more secure transaction process.
To aid taxpayers in their early preparations, the IRS has provided a straightforward checklist:
- Create or log into an IRS online account to securely access prior filings, payment tracking, and tax transcripts.
- Gather and organize essential documents, including W-2s from all employers and 1099s, as well as bank account information necessary for direct deposits.
- Review significant life changes such as new jobs, marriages, childbirth, or home purchases that could alter your tax situation.
- Set up or confirm direct deposit information to ensure timely refunds.
- Consider e-filing or utilizing trusted tax software and professional services to streamline the filing process and minimize errors.
- Maintain organized records of all relevant documents, including deductions, receipts for charitable contributions, and education or medical expenses that may support your credits and deductions.
This early preparation approach not only aids in a smoother filing experience but also positions taxpayers to fully benefit from the latest tax laws and avoid last-minute complications.
