The next tax season is quickly approaching as 2025 comes to an end. Even though the filing deadline isn’t until April 2026, the IRS will begin accepting tax returns in late January. The agency strongly advises that: “It’s not too early to get ready for the 2026 tax season,” the IRS reminded Americans in a statement issued in late November.
Because of the major modifications imposed by the One Big Beautiful Bill Act, early planning is more important this year. The IRS wants taxpayers to be aware of the potential benefits of these changes before filing, as they impact many kinds of tax credits and deductions.
“The IRS and Treasury are working to implement the new legislation, including providing information on the new tax deductions, such as no tax on tips, no tax on overtime, no tax on car loan interest, the new temporary deduction for seniors and others.” the agency stated. The regulations are evolving, so being ready could help you avoid errors and even maybe increase your refund.
Why the IRS wants you to start early—but not in a rush
According to the IRS: filing your return quickly is not a good idea. They advise everyone to hold off on filing until they have all of their tax documentation. This includes:
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Forms W-2 from your employer
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Forms 1099 from banks and other payers (unemployment, dividends, retirement income)
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Forms 1099-K, 1099-MISC, or W-2 if you worked in the gig economy
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Form 1099-INT if you earned interest
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Records of any digital asset transactions
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Form 1095-A if you had Marketplace health coverage
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Any letters from the IRS or other agencies
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The CP01A Notice if you have an Identity Protection PIN
According to the agency, “having organized tax records helps taxpayers file complete and accurate tax returns and avoid errors that could delay refunds.”
Most of people will receive their money via direct deposit as the IRS gradually discontinues paper checks. It’s a good idea to update your bank information before filing if you haven’t set up direct deposit yet.
The amount you owe or receive back may be impacted by things like tips, overtime, interest on auto loans, and temporary deductions for seniors. Your tax situation may be quite different this year if you experienced some life changes, like having a child, getting married, buying a home, or starting a new job.
Simple steps to make filing easier
Almost anyone can file more quickly—and accurately—by following these simple steps, according to the IRS:
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Gather your records.
Keep all your forms—W-2s, 1099s, health coverage forms, bank statements, and digital asset records—together in one place. -
Organize your proof.
Keep supporting documentation, like receipts, records of charitable contributions, educational costs, or medical expenses, if you intend to claim credits or deductions. -
Create or log in to your IRS online account.
With an online account, you can see past tax returns, check payments made, find certain forms, and track important information. -
Review changes in your life.
Consider any big events that happened this year, like getting a new job, having a baby, getting married, getting divorced… -
Set up direct deposit.
Direct deposit is the fastest and safest way to get your refund. If you already use it, double-check that your bank details are still correct. -
File electronically or use trusted tax help.
To avoid errors, the IRS advises taxpayers to use trustworthy tax software or experts, or to file electronically.
Tax refunds and how people are using them
Studies show that 61% of respondents say their refund is an important part of their 2025 budget, and many use the money for things like rent, groceries, credit card debt, or home repairs.
Preparation and proper filing is important. because, in the end, that money is not a gift; in fact, it’s part of what you have been giving to the government each year from your salary.