Tax season might feel far away, but the smartest taxpayers know that the best time to prepare isn’t in January- it’s right now. A little planning today can save you stress, maximize your refund, and even put extra money in your pocket when it matters most. Here are five smart money moves to make before tax season 2026:
1. Get Organized with Your Records
Start gathering receipts, income statements, and expense logs. If you run a small business, make sure your bookkeeping is up-to-date. Having a system now, whether it’s a folder on your computer, a mobile app, or a physical binder, will save hours later and reduce the chance of missing deductions.
Pro tip: Create a dedicated folder labeled “2025 Taxes” and drop everything in as you go.
2. Review Your Withholding
Did you get an unexpected refund or owe more than you thought last year? That’s a sign your tax withholding may need adjusting. Use the IRS Tax Withholding Estimator online to see if your paycheck deductions line up with your actual tax liability. Small adjustments now can prevent big surprises later.
3. Maximize Retirement Contributions
Contributing to a 401(k), IRA, or other retirement account doesn’t just build your future—it also lowers your taxable income. If you have extra income to set aside, increase your contributions before the year ends.
Example: If you’re under 50, you can contribute up to $6,500 to an IRA for 2025.
4. Track Potential Tax Credits
Many families and small business owners miss out on credits simply because they don’t keep track throughout the year. The Child Tax Credit, Earned Income Tax Credit, and education-related credits are some of the most valuable. Make note of anything that may apply to you now, so you’re not scrambling later to prove eligibility.
5. Choose Your Tax Professional Early
Don’t wait until tax season chaos to find help. A trusted preparer can guide you on year-end moves, answer questions, and make sure you’re set up for success. The earlier you connect, the more personalized guidance you’ll get.
At Sisters Tax Prep, we specialize in helping individuals and small businesses stay ahead of the game. Whether you need help with bookkeeping, tax preparation, or learning how to start your own tax business, we’ve got the tools and expertise to guide you every step of the way.
✅ Next Step: Don’t wait until January. Book your consultation or check out our digital guides to start preparing today.