1. Start Preparing Now

Getting ready early makes filing smoother and helps avoid mistakes that can delay refunds or trigger IRS notices.

• Gather key documents as soon as you receive them (W‑2s, 1099s, K‑1s, interest/dividend statements, etc.).

 

• Organize receipts for deductible expenses and credits.

 

• Consider setting up a secure digital folder for tax documents. IRS+1

 

2. Know What’s New for Tax Year 2025

Several major tax law changes affecting 2025 returns (filed in 2026) were enacted under the One Big Beautiful Bill Act (OBBB):
 

• New Temporary Deductions

Qualified Tip Income:

Tipped workers may deduct up to $25,000 of qualified tips from federal taxable income (subject to income limits) — whether they itemize or not. Empower
 

• Other Temporary Deductions:

Deductions for overtime pay, car loan interest, and other categories may also be adjusted under the new law. IRS

Note: Some provisions apply only to the 2025 tax year and later; IRS guidance may evolve as the tax season approaches.

• Inflation Adjustments

Tax brackets, standard deductions, credits like the Child Tax Credit and Earned Income Tax Credit, and retirement contribution limits have been adjusted for inflation by the IRS. Empower
 

3. Organize Your Information for Accuracy

Accurate reporting helps reduce errors and the risk of audit:

✔ Confirm income documents match your records (e.g., wages, self‑employment income, interest and dividends).

✔ Differentiate taxable vs. non‑taxable income items (some benefits and reimbursements are not taxed).

✔ Keep clear documentation supporting every deduction or credit claimed. IRS
 

4. Use Technology to Your Advantage

Clients are encouraged to:

🔹 Create or access their IRS Online Account — essential for viewing transcripts, balances, and notices.

🔹 opt for direct deposit for faster refunds (paper checks are being phased out). IRS
 

5. Understand Common Audit Triggers

Professional preparation and advice can help minimize audit risk:
 

• Claim only defensible deductions:

​​​​
Be conservative with items that are frequently scrutinized (home office, vehicle, meals/entertainment). NSKT Global
 

• File and pay on time: ​​​​​​​

Even if a taxpayer can’t pay in full, filing timely and requesting an installment plan reduces audit flags. NSKT Global
 

• Maintain clear records: ​​​​​​​

​​​​​​​Adequate documentation supports deductions and credits if the IRS requests substantiation.

 

 

6. Key Deadlines 

📌 April 15, 2026 — Typical individual tax filing deadline.
📌 March 16, 2026 — S‑Corporation and partnership deadlines.
📌 Extensions available — File timely to avoid penalties even if paying later.

(Exact dates may vary with weekends / holidays and IRS announcements.)