What day does IRS start accepting returns 2024? As the end of the year approaches, many taxpayers are eager to know when they can file their tax returns with the Internal Revenue Service (IRS). The IRS typically sets a specific date each year to begin accepting tax returns, and for the tax year 2024, this date is crucial for millions of individuals and businesses.
The IRS has announced that the tax filing season for 2024 will commence on January 23, 2024. This date is earlier than the previous year, which means taxpayers will have more time to prepare and file their returns. The early start date is due to the IRS’s efforts to streamline the tax filing process and reduce the processing time for tax returns.
Why is the IRS starting accepting returns early in 2024?
Several factors contribute to the IRS’s decision to begin accepting tax returns early in 2024. One of the primary reasons is the need to accommodate the increased volume of tax returns that are expected to be filed. With the growing number of taxpayers and the complexity of tax laws, the IRS aims to provide a more efficient and timely service.
Additionally, the IRS is committed to enhancing its online services and making the tax filing process more accessible to taxpayers. By starting the filing season early, the IRS can ensure that taxpayers have ample time to explore and utilize the various online tools and resources available to them.
What should taxpayers expect during the 2024 tax filing season?
Taxpayers should be aware of a few key points as they prepare for the 2024 tax filing season:
1. E-filing and Direct Deposit: The IRS encourages taxpayers to e-file their returns and choose direct deposit for their refunds. E-filing is secure, accurate, and efficient, while direct deposit ensures that taxpayers receive their refunds quickly.
2. Tax Filing Extensions: If taxpayers are unable to file their returns by the April 15, 2024, deadline, they can request an extension. However, it’s important to note that an extension to file is not an extension to pay. Taxpayers must still estimate and pay any taxes owed by the original deadline to avoid penalties and interest.
3. IRS Assistance: The IRS offers various resources and assistance to taxpayers throughout the tax filing season. Taxpayers can visit the IRS website, call the IRS toll-free number, or seek help from tax professionals to resolve any questions or concerns.
In conclusion, the IRS will begin accepting tax returns for the 2024 tax year on January 23, 2024. This early start date provides taxpayers with more time to prepare and file their returns, ensuring a smoother and more efficient tax filing process. As always, taxpayers are encouraged to take advantage of the IRS’s online resources and services to make the most of their tax filing experience.
