What Do I Need to Know About Filing My 2025 Taxes?
Let’s face it — taxes still aren’t fun. Still groan-worthy. If you are preparing to file your 2025 taxes (you will file a return in 2026), the process may seem familiar, but there are a few updates and reminders that may be helpful prior to starting.

Whether you’re filing on your own or getting professional help, understanding the basics can make tax season far less stressful.
You can’t walk into a Skyla branch to file your taxes like you would at a tax prep office, but we can help you understand what to expect and how to prepare.
Tax Day is April 15, 2026, and I'll outline what you need to know
Here are the most common terms you’ll see while filing.
here's a quick and dirty of what we'll cover:
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tax glossary
(the stuff many pretend to understand)
Let’s face it… the amount of tax jargon thrown around can be overwhelming! So before you get started filing, here's a short list of terms you’ll want to know.
Tax Credit
A tax credit is a dollar-for-dollar reduction of the income tax you owe. How do you get tax credits? People with kids, investing in education or retirement, and those who make ‘green’ purchases all qualify. For more info, check out this article.
Tax Deduction
This is a dollar amount the IRS allows you to subtract from your adjusted gross income (AGI), making your taxable income lower. The lower your taxable income, the lower your tax bill. You can either do a standard or an itemized deduction on your taxes.
Here's a quick look at the standard deduction for the 2025 tax year:
- Single: $15,750
- Married Filing Jointly: $31,500
- Head of Household: $23,625
Tax Exemption
A tax exemption is the amount of money you’re allowed to subtract from your taxable income. The more exemptions you’re able to take, the more you can lower your tax bill. For example, if you make a donation to a tax-exempt charity, you usually qualify for a tax exemption, though the total amount you can be exempt from is based on your filing status and the number of dependents you claim.
Dependents
A dependent is someone you support and in order to qualify as a dependent, you must have provided at least half of the person’s total financial support for the year — food, shelter, clothing, etc. If your adult daughter, for example, lived with you but provided at least half of her own support, you probably can’t claim her as a dependent. Check out this infographic for more help.
Standard Deduction
The standard deduction is just that—a standard dollar amount set by the IRS each year. This is the easiest deduction to take because there are no calculations to make, no receipts to gather, and no additional tax forms to prepare. While easy, it may not always be the best choice for your situation.
Itemized Deduction
Itemized tax deductions require a little more work, but it can also mean big savings on your total tax bill. If you own a home, make contributions to a retirement account, or make charitable contributions, the standard deduction may be less than what you could itemize. In situations like this, it obviously makes sense to itemize so that you can maximize the amount of your total deduction. To itemize your deductions, you'll need to file 1040 Schedule A.
If you want to take an even deeper dive into taxes, check out the IRS’s complete tax glossary here.
when are 2025 taxes due?
Tax Day for the year 2025 is Wednesday, April 15th, 2026. If you’re planning on mailing your taxes in, they must be postmarked by that date to not be considered late.
If you don’t think you’ll be able to meet that deadline, you can request an extension by filing Form 4868. Remember, this only extends your filing deadline—not your payment deadline. To file an extension, visit the IRS’s website here.
can i file my own 2025 taxes?
The short answer? Yes, you can absolutely file your own taxes. However, as your life changes, so will your tax situation (think – growing your family, changing jobs, buying a new house or car, investing, etc).
If you can answer “yes” to these questions, chances are you’ll be able to file yourself. The IRS even offers free e-filing for simple returns. If you couldn’t answer a simple yes, it would probably be smart to get help when filing. The last thing you want to do is file your taxes incorrectly and have the IRS after you!
- You’re a numbers person
- You’ve kept the same job
- You don’t have any dependents
- You don’t own property
- You don’t have complex investments
- You understand tax laws
Want to know how to file your own taxes? I have just the thing.
Don’t forget about state taxes
While we're focusing on federal income taxes, most states have their own tax filing requirements, deadlines, and rules. State tax due dates often align with federal Tax Day, but not always, and deductions or credits may differ by state.
Be sure to check your state’s tax agency website to confirm:
- Filing deadlines
- Whether you owe state income taxes
- Any state-specific credits or deductions
This is especially important if you moved, worked remotely in another state, or earned income in multiple states during the year.
when do i get my refund?
If you’ve filed your taxes and are getting a refund, the IRS typically processes returns within 21 days of filing, but there are no guarantees.
You can always check on the status of your refund on the IRS website (you’ll need your Social Security Number or ITIN, your filing status, and the exact refund amount). You can check-in as early as 24-hours after filing.
QUICK TIP: It might be tempting to use your tax return to splurge on a vacation or buy something cool, but putting that unexpected bonus towards debts (like credit card or car payments or student loans) or using it to jump-start an emergency fund or savings account will reward you in the long run. |
how do I make sure I get my refund?
If you know you should be getting a refund, here's what you can do to ensure your refund is received:
- File electronically: Filing electronically is the fastest way to get your refund. but you must complete an accurate tax return. here are some Electronic filing options for individuals.
- Set up direct deposit: Setting up direct deposit is a common option many choose when filing taxes. With direct deposit to your bank account, you won't have to wonder if there will be a delay with the paper mail. Psst... If you're a member at Skyla and you want to set up your account for direct deposit, use this routing number to get started - #253075028
- Contact the IRS: Yep! You can call to use their automated system or speak to a live representative at 800-829-1954 (toll-free). If you're expecting to chat with a representative, expect delays.
Check the IRS Refunds to learn about the status of a refund and more.
why didn’t i get a refund?
I started asking ChatGPT this question because, without fail, I always end up having to pay more taxes. Meanwhile, everyone else gets a fat check of a tax return. If you’re not getting a return because you came out even or owe more on taxes, it’s likely because:
- Your withholdings throughout the year were perfect! This means you don’t owe anything, but you also don’t receive anything. Realistically, this is what everyone should aim for and you won the tax game. (bravo!)
- You earned extra income: This could include any property you own or stocks and bonds you may have invested in and made money on. If you do have extra income, you’ll likely owe more money in taxes. Since I am a homeowner and have some investments in the stock market, I fall into this category.
- You have outstanding taxes or other debts owed: If you’ve failed to pay any of your taxes in the past, have debt from federal student loans, are overdue on child support, or have state income tax liabilities, the IRS may choose to use your Tax Return to put towards your debts instead.
are there any scams i should know about?
The IRS releases what they call the “Dirty Dozen” each year with the top 12 scams they find. They release a new scam daily, so you can stay up to date with the 2025 lists by checking out the IRS website.
QUICK TIP: The IRS will always contact you via mail before ever trying to reach you over the phone. If someone calls you claiming to be from the IRS and you are not aware they were trying to contact you, ask the caller to provide their name and badge number, then call them back using the main IRS number: 1-800-366-4484. |
want help spotting tax scams?
Learn how to recognize IRS imposters, avoid phishing attempts, and protect your tax refund with practical, real-world tips.
ready to file? 
As you prepare your documents, keep this blog article close in case you need help filing your taxes. The important thing to remember is everyone has to file their taxes, so sometimes your friends and family are great resources and can point you to where they found help. If you're looking for more info on how to file your own taxes or where to seek professional help, here's what'll help.
made a mistake? it happens
If you realize you made an error on your tax return, don’t panic. Many common mistakes, like missing a form or entering the wrong number, can be corrected by filing an amended return. The IRS allows taxpayers to fix errors, and honest mistakes don’t automatically mean penalties or audits.
Keeping copies of your tax return and supporting documents for at least three years can also make corrections easier if questions come up later.
Here’s to a smoother, less stressful tax season!😃
As Content Strategist behind the Learning & Guidance Center, Yanna loves showing just how doable finance can be. Whether it’s simple tips, step-by-step guides, or comparison charts, she’s passionate about helping readers take charge and reach financial freedom with confidence
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