It’s Not Too Early to Get Ready for the 2026 Tax Season.

As 2025 draws to a close, it may be tempting to put off thinking about taxes until the new year. But the IRS is encouraging taxpayers to start preparing now for the 2026 tax season—and for good reason. The earlier you get organized, the more control you’ll have over your filing process, potential refunds, and peace of mind. Early preparation doesn’t just save time; it can also save money and help prevent costly mistakes.

This year’s tax season is shaping up to be especially unique, thanks to major legislative changes under the One, Big, Beautiful Bill. These updates significantly affect what taxpayers will owe—and what they can claim.

Why Start Early?

Each year, the IRS releases a “Get Ready” series of reminders to help individuals and businesses stay on top of new rules and filing requirements. For 2026, these reminders carry extra weight. The One, Big, Beautiful Bill introduces sweeping changes to how federal income taxes, credits, and deductions work.

Here are a few of the most notable updates expected to impact millions of taxpayers:

• No tax on tips. Workers in service-based industries could see bigger take-home pay.

• No tax on overtime. Extra hours may finally mean extra income without the federal tax hit.

• No tax on car loan interest. Borrowers could save hundreds of dollars annually.

• New temporary deduction for seniors. Designed to help retirees offset healthcare and inflation-related expenses.

With the IRS and Treasury still ironing out the details, staying informed now ensures you’ll be ready to take full advantage when filing season officially opens.

Step 1: Gather and Organize Your Tax Records

One of the most common causes of tax filing delays—and errors—is missing information. By collecting your documents early, you can eliminate last-minute panic and catch any discrepancies sooner rather than later.

Start by organizing these key records:

• Bank account information

• Forms W-2 from employers

• Forms 1099 from banks, investment accounts, and freelance contracts

• Records of digital asset transactions (crypto, NFTs, etc.)

• Receipts for deductions such as charitable donations or educational expenses

Keep all your documents in a single, secure location—either digitally or in a dedicated folder. Waiting until you have every piece in place before filing will make the process smoother and help you ensure you’re claiming every credit and deduction you qualify for.

Step 2: Set Up Your IRS Online Account

If you haven’t already, creating an IRS online account should be at the top of your tax prep checklist. This tool gives you secure, 24/7 access to your personal and business tax information, helping you manage your filings and payments without waiting on hold or mailing paper forms.

Through your online account, you can:

• View tax transcripts and records

• Make one-time or recurring tax payments

• Retrieve your Identity Protection PIN (IP PIN)

• Authorize a tax professional electronically

• Access available Forms W-2 and 1099 from connected employers and payers

Setting up your account early ensures you’re ready to act as soon as filing opens in 2026—without delays caused by verification or account setup.

Step 3: Speed Up Your Refund with Direct Deposit

Paper refund checks are quickly becoming a thing of the past. Beginning September 30, 2025, the IRS started phasing out paper refunds under Executive Order 14247, which aims to modernize the refund process and improve speed and security.

To receive your refund faster, opt for direct deposit and have your bank routing and account numbers ready. If you don’t currently have a bank account, there are several options available:

• Open an account with an FDIC-insured bank or credit union.

• Use the National Credit Union Locator Tool to find local options.

• Veterans can enroll through the Veterans Benefits Banking Program for account access.

• Prepaid debit cards, mobile banking apps, and digital wallets may also support direct deposit—just double-check the routing and account details.

Stay Ahead with EC Barrett, LLC

Tax season doesn’t have to mean stress and uncertainty. At EC Barrett, LLC, we specialize in helping individuals, entrepreneurs, and small businesses navigate complex tax rules with confidence. Our experts keep up with every new IRS regulation and legislative change—so you don’t have to.

From maximizing deductions to ensuring compliance with the latest credits and deadlines, we’re here to make sure you step into 2026 financially prepared and fully informed.

Contact us today to schedule your year-end tax consultation and take the first step toward a smooth 2026 filing season.

Disclaimer: This blog is for informational purposes only and does not constitute legal or tax advice. Always consult a qualified tax professional for personalized guidance.