The IRS has issued the first in a series of special “Get Ready” reminders to help taxpayers prepare for the upcoming 2025 tax filing season. It’s important to begin prepping now because the One Big Beautiful Bill Act can significantly affect federal taxes, credits and deductions. Start by collecting receipts or other documentation for expenses that might be eligible for tax deductions or credits. Examples include charitable donations, medical expenses and tuition payments. You can expect to receive Form W-2 from your employer and Forms 1099 from banks and other payers in early 2026. If you need help organizing your tax files, contact us. For more information from the IRS: https://bit.ly/4rvRdqs
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