The IRS has officially announced that the 2026 tax filing season will open on January 26, which means that’s the first day the IRS will begin accepting and processing 2025 individual tax returns.
Whether you file early for a faster refund, need more time to gather documents, or want to plan ahead, here’s what taxpayers should know this year.
When Can You File?
- Opening Day: January 26, 2026
- Deadline (expected): April 15, 2026 (unless officially extended)
Some tax software platforms allow you to prepare and submit early, but the IRS will not process returns before the opening date.
Filing Early Can Benefit You
Filing early is especially useful if you:
✓ Expect a refund
✓ Need tax documents for financial aid
✓ Need proof of income for housing or loans
✓ Want to avoid last-minute stress
Early filers generally get refunds faster, especially if they choose direct deposit.
Refund Timing This Year
Most refunds are typically issued within 21 days for accurate, electronically filed returns with direct deposit.
However, some returns take longer if they involve:
- Earned Income Tax Credit (EITC)
- Additional Child Tax Credit (ACTC)
- Identity verification
- Manual review
Refunds involving EITC or ACTC may be held until mid-February due to federal law.
Documents You Should Gather Before Filing
Here’s what to have ready:
• W-2 forms from employers
• 1099 forms for gig work, investments, or contract income
• 1098 forms for mortgage interest or tuition
• Proof of dependents
• Childcare expenses (if claiming credits)
• Retirement contribution statements
• Business or self-employment income records
• Bank routing number for direct deposit
Self-employed taxpayers should also gather:
• Expense receipts
• Mileage logs
• Estimated tax payment records
Digital Filing Is Recommended
The IRS strongly encourages filing electronically with direct deposit for:
✓ Faster refunds
✓ Fewer processing errors
✓ Reduced delays
Paper filing can add weeks or months to processing times.
Should You Wait or File Now?
Some taxpayers benefit from filing early. Others should wait until they receive all documents.
You should consider waiting if you are expecting:
- K-1 forms
- Brokerage 1099s (investments)
- Corrected 1099s from gig platforms
Filing too early with missing info may require an amended return.
How Molimar Tax Consulting Can Help
At Molimar Tax Consulting, we help you:
✔ Prepare accurate filings
✔ Claim eligible credits and deductions
✔ Avoid unnecessary delays
✔ Get the maximum refund you’re entitled to
✔ File early or plan for later in the season
✔ Support self-employed and small business returns
301-434-5677
molimartcs@gmail.com