The 2026 Tax Filing Season Is Closer Than You Think
With the new year just around the corner, the IRS is encouraging taxpayers to start preparing now for the 2026 tax filing season. Taking a few small steps today can make a big difference later, especially when it comes to filing accurately and avoiding delays with refunds.
Each year, the IRS runs its “Get Ready” campaign to help taxpayers understand what’s changing and how to prepare. This year’s reminders are especially important because recent legislation has introduced new rules that may affect deductions, credits, and overall tax outcomes for many people.
Step One: Access Your IRS Online Account
One of the most helpful tools available is the IRS Online Account. If you already have one, now is a good time to log in. If not, setting one up can save time later.
With an IRS online account, you can securely:
- View past tax records and transcripts, including adjusted gross income
- Make, schedule, and track tax payments
- Get or review your Identity Protection PIN
- Authorize a tax professional to view your records digitally
- Access available Forms W-2 and certain 1099s
- Choose communication formats such as Braille or large print
- Receive and read IRS notices electronically
- Set up or update payment plans and check your balance
For members who use assistive technology, the ability to manage these tasks online can reduce the need for phone calls or paper mail.
Step Two: Gather and Organize Your Tax Records
Organized records make filing easier and help prevent mistakes that can slow down refunds. They can also help you spot deductions or credits you might otherwise miss.
As you prepare for 2026, start gathering:
- Forms W-2 from employers
- 1099 forms for contract work, interest, or other income
- Records of unemployment compensation, refund interest, or gig work
- Documentation related to digital assets, if applicable
Most income is taxable, even if taxes were not withheld. Having everything in one place can reduce stress when tax season begins.
Be Aware of Tax Law Changes
Recent updates to federal tax law may affect deductions and credits related to items such as tips, overtime, car loan interest, and senior-related benefits. These changes may not apply to everyone, but being aware of them early can help you ask better questions or seek guidance if needed.
Preparing Now Means Fewer Surprises Later
Getting ready for tax season does not have to be overwhelming. Logging into your IRS account, organizing documents, and staying informed can help you feel more confident and in control when it’s time to file.
Penny Forward will continue sharing updates and resources to help our community navigate financial decisions with clarity and confidence.
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