How to Prepare Now for the 2026 Tax Filing Season
Good post by Candy today, and worthy of our daily Re-Blog.
Bill
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The 2026 tax filing season officially opens on Monday, January 26, 2026, when taxpayers can begin filing their 2025 federal tax returns. While that date may seem far away, taking a few steps now can make filing easier, faster, and less stressful.
Create or Access Your IRS Individual Online Account
Your Internal Revenue Service Individual Online Account is a powerful tool available 24/7. Through your account, you can view balances, make payments, review prior-year tax information, manage communication preferences, and add extra identity protection. Setting this up early can prevent delays if you need information later.
Gather and Organize Your Tax Records
Well-organized records help ensure your return is complete and accurate. Start collecting:
Forms W-2 from employers
Forms 1099 for interest, dividends, unemployment, pensions, or retirement income
Forms 1099-K, 1099-MISC, or W-2 if you worked in the gig economy
Records of interest income (Form 1099-INT)
Documentation for digital asset transactions, including cryptocurrency or NFTs
Keeping everything in one place reduces errors and speeds up filing.
Understand Reporting Requirements
Income from part-time work, gig activity, or selling goods and services is generally taxable. Payment apps and online marketplaces may issue Form 1099-K when transactions exceed certain thresholds.
Taxpayers involved in digital assets should also be aware of reporting requirements. Even if you do not receive Form 1099-DA, you must still answer the digital asset question on Form 1040 and report any related income, gains, or losses.
Check Your ITIN Status
ITINs must be renewed if they have expired and are needed for filing. If an ITIN was not used on a federal return for tax years 2022, 2023, or 2024, it expired on December 31, 2025, and will need renewal before filing.
Plan for Direct Deposit
The IRS is phasing out paper refund checks as part of its effort to modernize payments. Direct deposit is the fastest and safest way to receive refunds. Taxpayers without bank accounts may want to explore opening one now to avoid delays.
A little preparation now can save time, reduce stress, and help you file confidently when the 2026 tax season opens.
Candace (Candy) Stevens, EACEO/President ofNumber Cruncher LLC
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