In this episode:

• IRS electronic filing systems are closed until January 26, delaying returns and refunds.

• Some state tax forms won't be ready for filing until late February.

• IRS staffing shortages are causing longer response times across the board.

• Paper filing and paper checks are being phased out in favor of electronic methods.

• New deductions and credits under recent legislation may increase refund amounts.

• Employers must follow updated guidance when reporting 2025 overtime on W-2s.

• Identity theft during tax season is increasing; IRS Identity Protection PINs can help.

• New rules impact charitable donations of non-cash items and vehicle contributions.

• A proposed bill could increase the capital gains exclusion on home sales.

• E-filing and online payments are now required for many taxpayers and businesses.

• Extensions are common and often necessary when waiting on corrected or delayed tax documents.

• Form 1099 filing must be completed by January 31, with e-filing required if over 10 forms are issued.