Tax season is here. Here's what you need to know for stress-free filing
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Tax season is here. Here's what you need to know for stress-free filing
"Don't wait until the last minute but also don't rush, said Tom O'Saben, director of tax content and government relations at the National Association of Tax Professionals, RELATED: How to use IRS Free File, and other ways to file your 2026 taxes free online Gathering all your documents, signing up for direct deposit and keeping copies of your tax returns are some of the best practices when it comes to preparing to fill out your taxes."
"This year, due to the Republican tax and spending bill that President Donald Trump signed over the summer, there are new deductions taxpayers should know about. Among them are no tax on tips, no tax on overtime, deductions for car loan interest, and deductions for people who were 65 or older by Dec. 31, said Miguel Burgos, a certified public accountant and an expert for TurboTax."
"If you find the process too confusing, there are plenty of free resources to help you get through it. Here are some things you need to know: Gather your documents While the required documents might depend on your individual case, here is a general list of what everyone needs: Social Security number W-2 forms, if you are employed 1099-G, if you are unemployed 1099 forms, if you are self-employed Savings and investment records"
Tax returns are due April 15 and taxpayers should start organizing documents well before the deadline to avoid last-minute stress. Gathering all necessary forms, enrolling in direct deposit and keeping copies of filed returns are recommended practices. New deductions from the Republican tax and spending bill include no tax on tips, no tax on overtime, car loan interest deductions and senior deductions for those 65 or older by Dec. 31. Average refunds were $3,167 last year and analysts project refunds could rise about $1,000 this year. More than 165 million returns were processed last year, with 94% filed electronically. Free resources are available for help.
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