Raleigh NC Tax Preparation in 2026: What Individuals Need to Know Before Filing Their Taxes

Preparing your taxes for the 2025 tax year, which you will file in 2026, brings important changes and opportunities that every taxpayer in Raleigh and across North Carolina should understand. Whether you’re filing for the first time, seeking to maximize deductions, or simply want to avoid costly mistakes, knowing what’s new this year can help you make smarter financial decisions. This guide explains what you need to know about Raleigh NC tax preparation in 2026.

Filing Deadlines and Important Dates

For most taxpayers, the federal tax filing deadline remains April 15, 2026. This is when you must file your 2025 federal income tax return and pay any taxes owed. You can begin filing as soon as the IRS opens the filing season, typically late January. Last year’s filing season kicked off on January 26, 2026, and similar timing is expected this year, giving you plenty of time to prepare your documents.

North Carolina’s state income tax deadline mirrors the federal deadline, so be sure to prepare both returns together to stay compliant.

Key Federal Tax Law Updates Impacting 2026 Filing

Several significant federal tax law changes from the “One Big Beautiful Bill Act” (OBBBA), signed in 2025, continue to take effect for the 2025 tax year returns filed in 2026. These changes can directly impact your tax liability and refund.

Higher Standard Deduction

The IRS increased the standard deduction amounts to account for inflation. This means most taxpayers will claim a larger deduction before itemizing, which can lower taxable income and potentially increase refunds.

Expanded Deductions and Credits

Under the new law, several deductions and credits expanded:

• Increased Child Tax Credit and other family-related benefits.

• State and Local Tax (SALT) deduction cap increase, allowing higher deductions for qualifying taxpayers through 2029.

• Enhanced deductions for overtime, tips, and certain auto loan interest that may reduce your taxable income.

• Temporary extra deduction for seniors age 65 and older, available through 2028.

These changes may help many taxpayers lower their tax liability or receive a larger refund when Raleigh NC tax preparation is done correctly.

Credits and Deductions Worth Reviewing

Tax credits and deductions remain powerful tools for lowering your total tax owed. Credits directly reduce your tax bill, while deductions reduce taxable income. Common examples to check include the Earned Income Tax Credit, childcare and dependent care credits, and education-related credits.

Even if you typically take the standard deduction, keep records that may support itemizing if you have qualifying expenses that exceed the standard deduction.

Estimated Payments and Withholding

If you earn income that isn’t subject to withholding (for example, self-employment income or investment income), you may need to make quarterly estimated tax payments. These are typically due in April, June, September, and January. Staying on top of these deadlines can help you avoid underpayment penalties.

Avoiding Common Filing Mistakes

Accurate information is key to successful Raleigh NC tax preparation:

• Double-check Social Security numbers and filing status.

• Review all income documents (W-2s, 1099s, investment statements).

• Confirm eligibility for credits and deductions before claiming them.

• File electronically and use direct deposit to receive refunds faster.

Using professional tax preparation services can reduce errors and ensure compliance with federal and state rules.

Why Professional Tax Preparation Matters

Tax laws change regularly, and new provisions from recent legislation could benefit you if applied correctly. Professional tax preparers like Mims Financial can help you navigate these updates, identify deductions and credits you qualify for, and prepare both your federal and state returns accurately and efficiently.

Final Thoughts

Raleigh NC tax preparation in 2026 comes with both opportunity and complexity. With updated deductions, expanded credits, and shifting filing requirements, preparation is more important than ever. Starting early, staying informed about changes, and using experienced tax professionals can help optimize your tax outcome and give you peace of mind come filing season.