IRS Announces January 29 as Start of Tax Season

The IRS expects more than 128.7 million individual tax returns to be filed by the April 15, tax season 2024 tax deadline. Improvements to the “Where’s My Refund” tool, which is the IRS’ most widely used taxpayer service tool. However, the tool provides limited information, often leading taxpayers to call the IRS to inquire about their refund status. Updates to Where’s My Refund will allow taxpayers to see more detailed refund status messages in plain language.

• However, they caution taxpayers not to rely on receiving a refund by a certain date.
• This marks the beginning of the period when the IRS will start accepting and processing 2023 tax returns.
• The Internal Revenue Service announced Monday, Jan. 29, 2024, as the official start date of the nation’s 2024 tax season when the agency will begin accepting and processing 2023 tax returns.
• The Internal Revenue Service (IRS) has officially set the start date for the 2024 tax season – Monday, January 29, 2024.
• Filing an accurate return can help taxpayers avoid refund delays or later IRS mailings  about a problem.
• People should report all their taxable income and wait to file until they receive all income-related documents.
• WASHINGTON —The Internal Revenue Service today announced Monday, Jan. 29, 2024, as the official start date of the nation’s 2024 tax season when the agency will begin accepting and processing 2023 tax returns.

Tax Filing Season Set for January 29

The Internal Revenue Service today announced Monday, Jan. 29, 2024, as the official start date of the nation’s 2024 tax season when the agency will begin accepting and processing 2023 tax returns. Should show an updated status by February 17 for most early EITC/ACTC filers. The IRS expects most EITC/ACTC related refunds to be available in taxpayer bank accounts or on debit cards by February 27 if they chose direct deposit and there are no other issues with their tax return. WASHINGTON —The Internal Revenue Service today announced Monday, Jan. 29, 2024, as the official start date of the nation’s 2024 tax season when the agency will begin accepting and processing 2023 tax returns.

File

The IRS encourages taxpayers to take steps now to Get Ready to file their 2023 individual federal tax return. A notable introduction is the Direct File pilot program, allowing eligible taxpayers to file their 2023 federal tax returns online for free, directly with the IRS. IRS Free File will open Jan. 12, 2024, when participating software companies will accept completed tax returns and hold them until they can be filed electronically with the IRS. IRS Free File Guided Tax Software, available only at IRS.gov, is available to any taxpayer or family with Adjusted Gross Income of $79,000 or less in 2023. IRS Free File will open Jan. 12, 2024, when participating software companies will accept completed tax returns and hold them until they can be filed electronically with the IRS. IRS Free File Guided Tax Software, available only at IRS.gov, is available to any taxpayer or family with Adjusted Gross Income of $79,000 or less in 2023.

• If a taxpayer receives Forms 1099-K, they should visit What to do with Form 1099-K to help them determine if that money should be reported as income on their federal tax return.
• On Monday, Jan. 8, the Internal Revenue Service announced Monday, Jan. 29, 2024, as the official start date of the nation’s 2024 tax season, when the agency will begin accepting and processing 2023 tax returns.
• Find more about Direct File pilot eligibility, scope and the participating states on Direct File.
• The Internal Revenue Service (IRS) has officially set January 29, 2024, as the start date for the 2024 tax season.
• People should report all their taxable income and wait to file until they receive all income related documents.
• These updates will also ensure “Where’s My Refund” works seamlessly on mobile devices.
• This is especially important for people who may receive various Forms 1099 from banks or other payers reporting unemployment compensation, dividends, pensions, annuities, or retirement plan distributions.

Additional IRS resources

• The IRS expects most EITC/ACTC related refunds to be available in taxpayer bank accounts or on debit cards by February 27 if they chose direct deposit and there are no other issues with their tax return.
• Although the IRS will not officially begin accepting and processing tax returns until January 29, people do not need to wait until then to work on their taxes if they’re using software companies or tax professionals.
• WASHINGTON — The Internal Revenue Service today announced Monday, Jan. 29, 2024, as the official start date of the nation’s 2024 tax season when the agency will begin accepting and processing 2023 tax returns.
• Additional time may be granted to those in federally declared disaster areas.
• This article explores the key aspects of this announcement and what it means for taxpayers.
• The start of the tax filing season is a critical time for millions of Americans.
• The IRS expects most EITC/ACTC-related refunds to be available in taxpayer bank accounts or on debit cards by Feb. 27 if they chose direct deposit and there are no other issues with their tax return.

The Internal Revenue Service recently announced Monday, January 29, 2024 as the official start date of the nation’s 2024 tax season when the agency will begin accepting and processing 2023 tax returns. Many different factors can affect the timing of a refund after the IRS receives a return. Although the IRS issues most refunds in less than 21 days, the IRS cautions taxpayers not to rely on receiving a refund by a certain date, especially when making major purchases or paying bills.

OUR FIRM, OUR PEOPLE

For most taxpayers, the deadline to file their personal federal tax return, pay any tax owed, or request an extension to file is Monday, April 15, 2024. The deadline for most taxpayers to file their personal federal tax return, pay any tax owed, or request an extension is April 15, 2024. However, taxpayers in Maine or Massachusetts have until April 17, 2024, due to holidays. The IRS encourages taxpayers to gather all necessary documents and information before filing to ensure accuracy and avoid delays. A new, pilot tax filing service called Direct File that gives eligible taxpayers a new https://lagunaniguelconcrete.com/what-is-advisory-services-in-accounting/ choice to file their 2023 federal tax returns online, for free, directly with the IRS. It will be rolled out in phases and is expected to be widely available in mid-March.

April 15 tax filing deadline for most taxpayers

The agency said it expects more than 128.7 million individual tax returns to be filed and processed between then and the April 15 tax deadline. The IRS expects more than 128.7 million individual tax returns to be filed by the April 15, 2024, tax deadline. This marks the beginning of the period when the IRS will start accepting and processing 2023 tax returns. The IRS Free File program, which allows many taxpayers to fill out their forms online and send them directly to the IRS via a third-party provider, will begin accepting returns on Friday. Taxpayers living in Maine or Massachusetts have until April 17, 2024, due to the Patriot’s Day and Emancipation Day holidays. If a taxpayer resides in a federally declared Mental Health Billing disaster area, they also may have additional time to file.