How to Get Ready for the 2026 Tax Filing Season

Even though the 2026 tax filing season may still feel distant, the preparation truly begins now. With the year wrapping up, this is a great moment to review your records, tie up loose financial ends, and set yourself up for a smoother, less stressful filing experience in the years ahead. Tax laws continue to evolve, and a little organization now can help you avoid mistakes and uncover valuable tax savings later. Here are practical steps you can take starting today to prepare for the 2026 tax season.

1. Gather and Organize Your Records Before the New Year Begins

Use today to pull together key documents and set up a system — digital folders or a physical file — for upcoming tax forms. This includes W-2s, 1099s, investment summaries, and receipts for deductible expenses. Getting organized now makes it easier to add documents as they arrive early next year instead of scrambling later.

2. Review Life Changes That Affect Your Filing Status

If 2025 brought major changes — marriage, divorce, a new child, or caring for a dependent — review how these events affect your filing status and eligibility for credits. Knowing this now helps you plan ahead rather than discovering surprises at filing time.

3. Take Inventory of All Income Sources

Before the year officially closes, make a list of every income stream you earned from this year — including side jobs, freelance work, digital platforms, or rental income. Note which forms you expect to receive so nothing gets missed when tax documents start arriving in January.

4. Close Out the Year With Accurate Deduction and Credit Records

Today is your last chance to finalize documentation for deductible expenses such as charitable contributions, education costs, childcare, medical bills, or energy-efficient home upgrades. Save receipts and summaries so they’re easy to reference later.

5. Plan Adjustments to Withholding or Estimated Payments for Next Year

If you owed taxes or received a large refund this past filing season, mark your calendar to review your withholding or estimated payments early in the new year. Aligning payments more closely to your actual liability can reduce surprises when you file.

6. Stay Alert to Upcoming Tax Law Changes

Thresholds, limits, and credit rules may change before the 2026 filing season. Bookmark trusted IRS resources or consider checking in with a tax professional early in the year to understand how updates may affect you.

7. Protect Your Identity Before Tax Forms Start Arriving

With tax-related identity theft still a risk, ensure your financial accounts use strong passwords, avoid sharing personal data through suspicious messages, and consider requesting an Identity Protection PIN (IP PIN) for added security before filing time.

8. Decide Whether You’ll Need Professional Support

If your finances are becoming more complex — business income, investments, real estate, or major life changes — start looking for a tax professional now rather than during peak season. Early planning often leads to better guidance and fewer filing issues.

9. Prepare for Electronic Filing and Direct Deposit

Most taxpayers file electronically and receive refunds faster via direct deposit. Use the year-end moment to confirm your bank details, update your IRS online account, and ensure your contact information is current.

A Strong Start Today Leads to a Smoother Filing Season Later

Even though it’s the final day of the year, taking a few intentional steps now — and continuing them into early January — can put you in a stronger financial position heading into the 2026 tax filing season. Staying organized, tracking income and expenses, and staying informed about tax changes will help reduce stress and maximize potential savings when it’s time to file.