With the New Year approaching, tax season is near. Preparing now can reduce stress later. Gather key documents and stay alert for incoming forms to ensure a smooth filing process.

Key Points

• Start early: Collect last year’s tax return and receipts for deductible expenses or donations.
• Watch for year-end income statements (January–February), including:
  • W-2: Employer wage statements.
  • 1099-NEC / 1099-MISC: Income from self-employment, rents, royalties, gig work.
  • 1099-INT / 1099-DIV: Interest, dividends, and investment income.
• Other important forms:
  • 1095-A: Health Insurance Marketplace Statement.
  • 1098-T: Tuition Statement.
• Digital assets:
  • Answer questions about crypto involvement on your return.
  • Keep complete records of all 2025 digital asset transactions.
• Tip: Organizing these documents now will make tax filing easier and less stressful.