Tax Season 2024: On January 29, 2024, taxpayers can begin filing their tax returns. This is the last day for taxpayers to file their taxes; the deadline is April 15, 2024. Tax returns must be filed with the federal government by Monday, April 15, 2024. Monday, April 15, 2024, is the official filing date for papers. Recent state tax returns are due. State tax due dates can change, and each state has its own calendar. Most new CTC/EITC funds may be deposited by the IRS via debit card or directly into a taxpayer’s bank account by the February 27 deadline, or earlier if a taxpayer elects to make a direct deposit. In this article, we will learn about Tax Season 2024 in depth. So, let’s get started.
Most software services are now accepting electronic submissions and will hold off until the IRS is ready to launch the service later this month. Individuals using tax preparation services have the option of filing their tax returns before their official opening date, putting them on the lines to the IRS, and simply mailing the returns whenever the company is open for business that day. Before the filing period begins on January 12, the IRS Free File will be available on the irs.gov website. The IRS Direct File service will be implemented in phases, with final testing expected to be completed by mid-March. This will then become more accessible to eligible taxpayers in participating countries.
If someone files their tax return in the mail and receives a refund, they may have to wait longer to receive their money by check. They have to wait longer for their return to be processed, in addition to waiting for the postal service to send the receipt. The IRS employee is required to open incoming forms and enter their information for processing. By the April 15 tax deadline, the IRS expects to file some 128.7 million individual tax returns. Below is the overview table that will give you an exact idea of the tax season 2024 and the tax returns starting and ending dates for better understanding.
A pilot system for direct electronic filing, expected to be publicly unveiled in mid-March, will allow taxpayers to file online directly with the IRS. On January 12, 2024, IRS Free File will launch, offering free guided tax preparation through software partners. Most refunds are expected to be processed within 21 days. To ensure the smoothest possible filing time, the IRS is improving customer service processes and technical systems.
Tax Season 2024 Start Date
As we have mentioned above in this article, the 2024 tax season is scheduled to begin on January 29, 2024. The IRS says that if the tax is filed electronically and there are no problems, the refund will be mailed in 21 days or less if the Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC) of each.
Tax Season 2024 End Date
For most Americans, the 2024 tax season ends on April 15, 2024. If you are not able to file before then, there are still options available to you. For example, you can apply for an extension, which gives you an additional six months until October 15, 2024.
The Indian Revenue Service (IRS) Free File program is scheduled to begin on January 12, 2024, for the 2024 tax filing season. Visit the IRS website for the IRS Free File for the 2024 tax year. The Indian Revenue Service’s free delivery program offers virtually all individuals the opportunity to electronically file their tax returns free of charge through the use of easy-to-use tax preparation software. Frequently, it is available from mid-January through mid-April, when tax returns are due. Also, electronic copies of IRS forms are provided through IRS Free File Fillable Forms, which are free for all incomes.
Documents Required for IRS Free File Filing
If you want to use the IRS Free File to file your taxes for 2024, you will need to retrieve your documents, including Forms W-2, Wage and Tax Statement, and 1099-MISC, along with various information if you use the free electronic version of the traditional 1040 form to file your federal taxes. If you want to use file-fillable forms, you should also know Some tax preparation providers may charge you to pay your state taxes, and your eligibility for other free features varies by provider. Anyone who is confident in their tax preparation skills and wants to file can do so with the IRS Free File Fillable Forms, regardless of income.
Tax Season 2024 – Important Dates
Following are the important dates that you must know for a better understanding of tax return filing:
12th January 2024 – IRS Free File Opening
16th January 2024 – Estimated Tax Returns Due Date (Q4 – 2023)
29th January 2024 – Tax Season Start Date
15th April 2024 – Extension for Tax Retun Filing
17th April 2024 – Maine and Massachusetts Due Date
15th October 2024 – Extension Fillers Due Date
So, these are the important dates to know and plan accordingly for filing the tax returns.
Frequently Asked Questions – Tax Season 2024
Ques: When will the tax season in 2024 begin?
Ans: The tax season 2024 will begin on January 29, 2024.
Ques: What is IRS Free File Program?
Ans: The IRS Free File program offers free guided tax preparation software to taxpayers with taxable income of $72,000 or less.
Ques: What is the full form of IRS?
Ans: The full form of IRS is Internal Revenue Service.
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