The IRS has issued guidance providing tips to taxpayers on steps to prepare for filing the 2025 federal income tax returns in the upcoming 2026 filing season. Key recommendations include accessing IRS Individual Online Accounts, using direct deposit for refunds, reviewing new tax law changes such as the One Big Beautiful Bill provisions, and understanding requirements for Trump Accounts, payment app income, and digital assets reporting. [IR-2026-01 (Jan. 6, 2026)]
This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.
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