Macro Tech Titan — It’s that time of the year and we are here, it’s tax season!  The most favorite time to paper push and start smoking.

MTT has a filing service for taxes, we will file your taxes for $500.

That applies to any filing, we also offer CIK applications, Form D filings, Delaware entity filings, yearly corporate state filings, $500 per filing (or if you have bulk needs we’ll discount them..)

Checkout our tax filing service here

If you would like to DIY file, this is what we recommend:

For Individuals (Personal):

TurboTax Premier Desktop Edition 2025, Federal & State Tax Return [PC/Mac Download]

For Small Business:

TurboTax Business Desktop Edition 2025, Federal Tax Return [PC Download]

Here are some quick tips via wisdom:

• There are no deductions or ways to avoid W2 tax or Capital Gains – don’t bother.
• Tax Avoidance is the legal process to find ways to reduce your tax burden which is encouraged by the IRS.  Tax Evasion is the criminal failure to declare income.  Do not fail to declare any income, ever, for any reason.  Tax Avoidance is the legal practice done by financial wizards we call “Accountants” and “Tax Preparers” – hire one, hire MTT, or DIY – the tax code is as opaque as Mt. Shasta.  There are many strange rules that may be surprising.

Here’s some important dates and info for traders:

📅 2026 Key IRS Tax Dates and Deadlines

The IRS and tax experts outline the major filing and payment deadlines for 2026 (mostly for tax year 2025 returns) along with estimated tax dates for the 2026 calendar year.

🧾 Individual Filers

• January 26, 2026 – IRS begins accepting and processing 2026 tax returns.

• January 31, 2026 – Deadline to furnish Forms 1099 and W-2 to recipients (with adjusted weekend/holiday observations).

• April 15, 2026 – Federal individual tax returns due (Form 1040) and first quarter estimated tax payment. IRA and HSA contribution deadline also falls here.

• October 15, 2026 – Extended filing deadline for individuals who filed Form 4868 for an extension.

📊 Self-Employed / Estimated Tax Payments

For those who make estimated income tax payments:

• Q1 (2026 tax year) — April 15, 2026

• Q2 — June 15, 2026

• Q3 — September 15, 2026

• Q4 — January 15, 2027 (payment deadline)

🧑‍💼 Business & Employer Deadlines

• March 16, 2026 – Partnership (Form 1065) and S-corp (Form 1120S) returns due.

• September 15, 2026 – Extended deadline for S-corps and partnerships that filed extensions.

• Payroll tax deposits and Forms 940/941 due throughout the year at regular intervals.

💡 Note: When deadlines fall on weekends or federal holidays, they are observed on the next business day.

🆕 IRS Rule Changes and Tax Law Updates for 2026

Several notable changes—especially due to inflation adjustments and new legislation—will shape the 2026 tax year.

🔁 Inflation Adjustments

The IRS has updated key tax figures for 2026, including:

• Standard deductions increased:
  • $16,100 (single)
  • $32,200 (married filing jointly)
  • $24,150 (head of household)

These inflation adjustments also affect income tax brackets and long-term capital gains thresholds designed to prevent “bracket creep.”

📜 One Big Beautiful Bill Provisions

Certain provisions from the One Big Beautiful Bill Act are reflected in IRS reporting and compliance for 2026:

• 1099 reporting thresholds updated:
  • Form 1099-MISC/NEC threshold raised to $2,000.
  • Marketplace payment reporting on 1099-K retains a threshold (e.g., 200 transactions & $20,000).

• Estate, gift, and GST tax exemptions increased (indexed for inflation).

• Excise tax on certain foreign remittances begins in 2026.

📌 No major new federal capital gains tax rate changes are currently legislated for 2026—the existing 0%, 15%, and 20% long-term rates remain—but thresholds have shifted with inflation.

📈 Capital Gains Tax Rules for 2026 (Important for Traders & Investors)

For traders, investors, and active market participants, understanding capital gains tax rules is essential for planning sell decisions, tax-loss harvesting, and compliance.

📊 Federal Capital Gains Tax Brackets

For the 2026 tax year (tax returns filed early 2027):

Long-Term Capital Gains (assets held >1 year)
Long-term gains are taxed at 0%, 15%, or 20%, based on taxable income after deductions:

📌 Short-Term Capital Gains:
If you sell assets held one year or less, gains are taxed as ordinary income at your regular tax rates (10%–37% for 2026).

🧠 What Traders Should Know

• Holding period matters: A sale one day before the one-year mark costs more in taxes than waiting one day longer to qualify for long-term gains—and thus much lower rates.

• Net Investment Income Tax (NIIT): High-income investors may owe an additional 3.8% on net investment income if modified AGI exceeds certain thresholds ($200K single / $250K married joint).

• Tax-loss harvesting: Strategically selling losing positions can offset gains and reduce current taxes owed. Consult a tax advisor for timing.

• State taxes: Federal rates apply nationwide, but many states impose their own capital gains tax or include gains as regular income.

🧾 Tax Refund Timing (Useful for Cash-Flow Planning)

Although not a deadline, understanding refund timing helps with planning:

• Most direct deposit refunds arrive ~3 weeks after filing if e-filed and accurate.

• Paper checks are being phased out except in limited cases.

Delays can occur due to errors, credits claimed (e.g., EITC/ACTC), or holidays like Presidents’ Day.

🧩 Planning Tips for 2026 Tax Season

For All Taxpayers

• File early and e-file with direct deposit for faster processing.

• Keep organized records of income, deductions, and investment transactions.

For Traders & Investors

• Track holding periods closely—long-term gains rates are significant.

• Evaluate estimated tax payments if you expect sizable gains to avoid underpayment penalties.

Checkout our tax filing service here