Tax season often signals a stressful period for many Americans, regardless of whether they anticipate owing money or receiving a refund. The process of preparing and submitting tax returns can be complex, and the looming deadline of April 15 creates urgency. For those preparing to file their taxes for the 2025 year, the Internal Revenue Service (IRS) began accepting tax returns starting January 1. While the deadline still allows several months for submission, initiating the process early could yield significant benefits.
Mark Steber, the chief tax officer at Jackson Hewitt Tax Services, emphasizes starting the tax filing process sooner rather than later. According to Steber, early commencement affords taxpayers additional time to gather detailed information and accurately calculate deductions. This meticulous preparation can prevent last-minute errors and reduce stress.
Furthermore, individuals who are eligible for refunds might receive their returns sooner by filing early. Another crucial advantage is the enhanced protection against tax-related identity theft when filing promptly. Criminals who obtain a Social Security number may attempt to file fraudulent tax returns under someone else's name to unlawfully claim refunds. Filing early establishes a taxpayer’s claim on their Social Security number for that tax year, causing the IRS to reject any duplicate filings from fraudsters.
Another essential recommendation from Steber is maintaining organized tax documents. Taxpayers often require a variety of forms, including W-2s, 1099s, and documents reflecting interest income, among others. The multiplicity of forms can complicate the process if not managed well.
Creating a checklist to track required documents can be extremely helpful. Such a list enables taxpayers to verify which forms they have received and identify those still outstanding. For example, financial institutions and employers are required to provide 1099 forms by January 31; however, delays do occur. Having a checklist allows taxpayers to promptly follow up with any entities that haven’t sent their necessary paperwork.
Steber also advises that taxpayers not hesitate to seek professional assistance. The 2025 tax year incorporates changes stemming from the One Big Beautiful Bill Act, which may influence an individual's filing requirements and deductions. Given these modifications, self-preparation without sufficient expertise may invite errors or missed opportunities for tax benefits.
The involvement of a tax specialist, while possibly involving a modest fee, could ultimately result in a higher refund or reduced liabilities. Moreover, professional guidance can provide peace of mind, ensuring tax filings comply with current laws and regulations. Steber suggests that this year, in particular, filing alone is not advisable due to the complexities introduced by recent legislative changes.
For many Americans, the concept of filing taxes elicits stress and concern. However, by employing strategies such as beginning early, organizing financial documents meticulously, and consulting qualified tax professionals, taxpayers can mitigate these worries. With the 2026 filing season underway, now is the opportune time to start gathering necessary forms and assessing whether professional oversight is warranted for a smooth and accurate filing process.