IRS Announces Tax Season Will Begin Jan. 26
The tax filing season for the 2025 tax year will begin on Jan. 26. The agency is prepared to begin accepting and processing returns on the same day. Additionally, many taxpayers are expecting steeper refunds in 2026 under certain tax provisions introduced by H.R. 1.
Beyond focusing on potential refund increases, taxpayers should gather necessary tax documents as soon as possible. This includes Form W-2 from employers, 1099-INT for bank interest, 1099-DIV for dividends, and 1099-NEC for self-employment income.
Furthermore, with the potential changes brought by H.R. 1, ensuring accuracy is paramount. Rushing to file often leads to common mistakes—such as selecting the wrong filing status or omitting foreign income—which may trigger an IRS CP2000 notice (income discrepancy) or require you to file Form 1040-X to amend your return, ultimately delaying your refund. Consulting with a professional CPA early not only gives you time to understand the specific impact of the new legislation but also allows you to handle tax complexities with confidence, ensuring you claim every credit you are entitled to.
USCPA Sophie Luo (羅霞) reminds you to plan your schedule wisely and prepare your tax documents in advance to ensure full tax compliance and avoid potential penalties or interest charges resulting from late filing.
If you have any questions or need further help,
please contact us at the USCPA Sophie Luo (羅霞) +886 980919600
or Email: ustaxproservice@gmail.com
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