Your Simple Guide to Getting Ready for the 2026 Tax Season ️

It might seem far away, but the IRS says it’s officially time to start preparing for the 2026 tax filing season. A little bit of work now can save you a lot of time and headaches later, and it’s especially important this year due to new laws that could affect your refund!

What’s Changing and Why You Need to Prepare

The biggest reason to get organized early is the new One, Big, Beautiful Bill. This legislation brings significant changes to federal taxes, credits, and deductions.

The IRS and Treasury are currently working to implement new rules that may include things like:

• No tax on tips

• No tax on overtime

• No tax on car loan interest

• A new temporary deduction for seniors and others

These changes mean you’ll want to be ready to file accurately once all the official information is released!

Step 1: Gather and Organize Your Documents

• An organized file system is your best friend during tax season. Having everything in one place helps you file a complete and accurate return, which prevents delays in getting your refund.
• Start collecting these essential records now:

• Bank Account Information: You’ll need this for payments and direct deposit (more on that below).

• Forms W-2: These come from your employer(s).

• Forms 1099: These come from banks, retirement accounts, and other payers.

• Records of Digital Asset Transactions: If you buy, sell, or trade things like cryptocurrency, make sure you have complete records.

• Pro-Tip: Make sure you have ALL your official tax forms before you submit your return. Filing without a necessary document is the most common reason for mistakes and refund delays.

Step 2: Set Up or Access Your IRS Online Account

The IRS Online Account is a secure and free tool that puts your tax information right at your fingertips. If you don’t have one, creating it now will save you time in early 2026.

With an online account, you can:

• View your tax records, including your adjusted gross income (AGI) and transcripts.

• Make, schedule, and view payments to the IRS.

• Get or view your secure Identity Protection PIN (IP PIN).

• Access copies of your Forms W-2 and certain 1099s.

Step 3: Get Ready for Direct Deposit

If you like getting your refund quickly, Direct Deposit is the fastest way!

Starting in late 2025 (specifically, on September 30, 2025), the IRS began phasing out paper tax refund checks. This means that most taxpayers will need to provide their routing and account numbers to get their refund electronically.

Don’t have a bank account? No problem!

• You can learn about safe options at an FDIC insured bank or by using the National Credit Union Locator Tool.

• Veterans can check out the Veterans Benefits Banking Program.

• Many prepaid debit cards, digital wallets, or mobile payment apps can also support direct deposit, as long as they provide you with an associated routing and account number. Just check with your provider to confirm which numbers to use.