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 Mental Health Billing declared disaster area, they also may have additional time to file. Taxpayers don't have to wait until January 29 to start preparing their taxes.

IRS: 2024 Tax Filing Season Set for January 29

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. 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. 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. The easiest way to check a refund’s status is by using Where’s My Refund? 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.

What You Need to Know About Your 2022 Personal Income Taxes

• However, the tool provides limited information, often leading taxpayers to call the IRS to inquire about their refund status.
• 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.
• Expanded in-person service that meets taxpayers where they are by opening or reopening Taxpayer Assistance Centers (TACs).
• This move is expected to impact over 128.7 million individual tax returns by the April 15, 2024, deadline.
• The IRS encourages taxpayers to take steps now to “Get Ready” to file their 2023 individual federal tax return.

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. Additionally, taxpayers in federally declared disaster areas may have additional time to file. To ensure a smooth filing process, the IRS encourages taxpayers to gather necessary information, report all taxable income accurately, and file electronically with direct deposit.

Tax Time Guide: IRS enhances Where’s My Refund? tool for 2024 filing season

The easiest way to check a refund’s status is by using Where’s My Refund? People should report all their taxable income and wait to file until they receive all income related documents. 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. 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.

Most refunds issued in less than 21 days; EITC refunds for many available starting February 27

These improvements are designed to streamline the filing process, reduce wait times, and provide more accurate and timely information to taxpayers. As we approach the start of the tax season, these changes are expected to positively impact the way millions of Americans file their taxes. The Internal Revenue Service (IRS) has officially set January 29, 2024, as the start date for the 2024 tax season. This announcement is a significant indication of the IRS’s ongoing commitment to improving taxpayer services and the overall efficiency of the tax filing process. This article explores the key aspects of this announcement and what it means for taxpayers.

"With the improvements, taxpayers will see clearer and more detailed updates, including whether the IRS needs them to respond to a letter requesting additional information," the agency said. "The new updates will reduce the need for taxpayers to call the IRS for answers to basic questions." Among the improvements, he said, are more employees available to meet taxpayers in person at new or reopening Taxpayer Assistance Centers across the country, many of which will have extended hours. Beginning Jan. 29, 2024, Free File Fillable forms, a part of this effort, is available at no cost to any income level and provides electronic forms that people can fill out and e-file themselves also at no cost. Stay informed, get ready, and make the 2024 tax season a smooth experience. Preparing early and utilizing the available resources can ensure a smoother and more efficient tax filing experience.

Improvements and services by the IRS

The Internal Revenue Service announced Monday, Jan. 29, 2024, as the https://www.whitelabelseolab.com/accountant-overview-responsibilities-and/ 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 Feb. 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 Feb. 27 if they chose direct deposit and there are no other issues with their tax return.

• Taxpayers often see a generic message stating that their returns are still being processed and to check back later.
• Taxpayers living in Maine or Massachusetts have until April 17, 2024, due to the Patriot’s Day and Emancipation Day holidays.
• These improvements are designed to streamline the filing process, reduce wait times, and provide more accurate and timely information to taxpayers.
• Should you wish, we are ready to conduct thorough research and furnish you with a detailed written analysis.
• The easiest way to check a refund's status is by using Where's My Refund?
• If a taxpayer resides in a federally declared disaster area, they also may have additional time to file.

Refunds related to the Earned Income Tax Credit (EITC) and Additional Child Tax Credit (ACTC) will be available starting February 27 for those who chose direct deposit and have no issues with their tax return. Jan. 8 (UPI) -- The Internal Revenue Service on Monday announced this year's tax filing season will officially begin on Jan. 29, when it will start accepting and processing returns for 2023. WASHINGTON (AP) — The IRS on Monday announced January 29 as the official tax season start date of the 2024 tax season, and expects more than 128.7 million tax returns to be filed by the April 15 tax deadline. Most software companies accept electronic submissions and hold them until the IRS is ready to begin processing later this month. Additionally, eligible taxpayers will be able to file their 2023 returns online directly with the IRS through a new, electronic direct file pilot. The IRS says it will be rolled out in phases and is expected to be widely available in mid-March.