When you will be receiving your final Tax Documents and year end tax moves you can still make for 2025.
Most individuals should expect to receive the bulk of your key tax documents in late January or early/mid February 2026, depending on the type of document.
Below is a quick breakdown of the different type of common tax forms you can be expecting to receive:
Form W-2 (Wage and Tax Statement from employers): Employers are required to send these to employees by January 31 (or the next business day if it falls on a weekend/holiday). For 2025, since January 31, 2026, is a Saturday, many sources indicate the effective deadline shifts to February 2, 2026 (Monday). Most people receive their W-2s sometime in late January or very early February — often by mail, electronically through payroll providers, or employer portals. This is one of the most common and earliest documents for wage earners.
Form 1099 series (various types, such as):
1099-NEC (nonemployee compensation, e.g., freelance/contract work): Due to recipients by January 31 - adjusted to February 2, 2026, in this case.
1099-INT (interest income from banks), 1099-DIV (dividends), 1099-MISC (miscellaneous income), and similar forms: Generally due by January 31 or February 2, 2026, depending on the specific form and adjustments for weekends. Many banks, brokerages, and investment firms send these in January or by early February.
Some 1099 forms (like certain 1099-B for brokerage transactions) may have a later deadline of February 15. These will normally arrive in your brokerage accounts “Tax Document Portal”.
Other common forms:
Form 1098 (mortgage interest from lenders): Usually arrives in January.
Form 1098-T (tuition payments from educational institutions): Due by January 31.
Form 1099-K (payment card/third-party network transactions, e.g., from platforms like PayPal or Venmo if thresholds are met): Typically sent in January.
K-1 (Partnerships and S-Corps): These will likely be received in Mid March or April, it can even be later, depending on when the Partnership or S Corp you are a partner/member of completed the business tax return. Remember, the K-1 is issued to partners/owner of the entity, once the business tac return is complete. This is why the K-1 is usually later in the year, causing some tax payers to file an extension.
Even though it’s now January 26, 2026, and the 2025 tax filing season has just begun (with the IRS accepting returns starting today), there are still several legitimate tax moves you can make right now to potentially reduce your 2025 federal tax bill. These primarily involve contributions to certain tax-advantaged accounts that can be made retroactively for the prior tax year, along with other filing strategies and new provisions from recent legislation like the “One Big Beautiful Bill”
1. Contribute to a Traditional or SEP/Solo 401(K)
You have until April 15, 2026 to make contributions designated for the 2025 tax year. This will
For 2025: Limit is $7,000 ($8,000 if age 50+ by end of 2025).
Traditional IRA contributions may be deductible (depending on income, filing status, and whether you or your spouse have a workplace retirement plan), reducing your taxable income for 2025.
SEP IRA/Solo 401(k) (Business owners) contributions are a littler different than the traditional IRA. You have until 04/15/2026 to contribute, but this contribution timeline is extended if you file an extension (until 10/16/2026 this year). This is for business owners, and the “Business deduction portion” is the only part that is eligible to be deducted after December 31st, 2025.
2. Contribute to a Health Savings Account (HSA)
If you were enrolled in a high-deductible health plan (HDHP) in 2025, you can contribute to your HSA until April 15, 2026, and count it toward 2025.
2025 limits: $4,300 for self-only coverage or $8,550 for family coverage (plus $1,000 catch-up if age 55+).
Contributions are deductible (above-the-line), reduce taxable income, and withdrawals for qualified medical expenses are tax-free.
This is especially valuable if you’re still under the limit for 2025.
3. Maximize or Claim New/Expanded Deductions and Credits When Filing. Several deductions and credits can lower your bill when you file your return—no additional action needed beyond accurate reporting, but review eligibility carefully.
Your CPA’s/Tax Preparers Software should automatically include most of these based off your intake/administrative information you provided to them on the onboarding process. Always make sure to tell your tax professional any large purchases made during the year.
New senior deduction: If you (or your spouse if filing jointly) were age 65 or older at the end of 2025, you may qualify for an additional $6,000 deduction (phased in under recent changes for 2025–2028).
Child Tax Credit (CTC): Up to $2,200 per qualifying child under 17 (with a portion refundable), potentially higher or more accessible under updates.
Other common ones: Earned Income Tax Credit (EITC), education credits (e.g., American Opportunity or Lifetime Learning), energy-efficient home improvements credit, medical expenses (if itemizing and exceeding thresholds), etc.
Itemized deductions: If itemizing beats the standard deduction, accelerate or confirm things like charitable contributions (some rules may have changed slightly, e.g., potential floors in future years but check 2025 specifics).
Business/self-employed moves: If applicable, 100% bonus depreciation for qualifying property placed in service in 2025.
Overall, the 2025 tax filing is about to kick off. You should begin to receive the majority of your tax documents in the next few weeks. You can also do some last minute tax moves to help minimize your tax liability for 2025.
Do not hesitate to reach out if you or someone you know need any assistance with the business or personal taxes.
561-386-3997
Fredpasselli.cpa@gmail.com
