As Americans return to work post-holidays, it’s time to prepare for tax season. Recent tax law changes could mean a larger refund for many filers. The majority received $3,000 last season, the biggest paycheck for some. Filing early ensures a prompt refund. Procrastination leads to mistakes, start early.

Survey data reveals that filing taxes sparks anxiety, especially for Gen Z. Fear of mistakes, scammers, and owing the IRS is common. Experts advise starting early and paying attention to details. Missing the deadline leads to penalties and interest. Request an extension if needed.

To prepare for the 2026 tax season, ensure correct withholdings, report all sources of income, track expenses, and organize receipts. Don’t overlook potential deductions and credits. Review recent legislation to understand how it impacts your tax liability. State tax laws vary, so be aware.

If you’re unsure about filing as a dependent or claiming certain credits, seek advice from a tax professional. Misunderstandings about taxes can lead to missed opportunities for refunds. Education credits, tips, overtime pay, and car loan interest are new deductions available. Stay informed about tax laws.

Consult with a tax professional to navigate the complexities of tax season. Seeking guidance from family members, social media, or chatbots is common, but experts warn against misinformation. Start early, know your tax situation, and don’t hesitate to ask for help. Stay informed for a smooth tax season.

Read more at Yahoo Finance: Filing a tax return for the first time in 2026? What to know now