The IRS Tax Deadline for 2023 tax returns is April 15, 2024, with filing starting January 29, 2024. If the extension is filed, then the e-file due date will be October 15, 2024.
IRS Refund E-File 2024
The 2024 tax filing season is rapidly approaching as December approaches. Each year, the IRS typically opens for electronically filed income tax returns during the second or third week of January.
The deadline for filing is April 15 though this date may change due to state holidays or weekends.
You should absolutely seek the advice of a tax professional, such as a CPA or EA, to ensure that you are complying with tax laws and also taking advantage of new changes that could benefit you.
Especially if you have had major income changes this year, had a child, got married or divorced, retired, bought a house, changed investments, or made any other really significant life changes.
The IRS has implemented technology to expedite tax return processing, a significant improvement from previous years, despite pandemic-related issues and backlogs.
IRS E-File 2024 Dates
The Taxpayer First Act of 2019 reduced the number of electronic tax returns from 250 to 10 in most cases, resulting in a 10-return threshold for certain tax returns in 2024 and 2023.
The filing period for 2023 tax returns begins on January 29, 2024, and ends on April 15, 2024, according to IRS regulations. The e-file deadline is October 15, 2024, if it is missed.
Even if your income is less than that, you might still want to file because you might be able to recover your money back. This might be relevant to you if you:
- Have your income been deducted from federal income tax
- made projected tax payments
- Apply for tax benefits including the Child Tax Credit and Earned Income Tax Credit.
IRS Free Tax Filing Program 2024
The Internal Revenue Service announced a free tax scheme that would be tested in 13 states during the 2024 filing season.
Americans in Arizona and California are set to experience significant changes in their tax filing habits due to the introduction of free online return filing.
Alaska, Florida, New Hampshire, Nevada, South Dakota, Tennessee, Texas, Washington, and Wyoming are the other nine states without income taxes where taxpayers may be able to take part in the trial program.
The IRS is running a trial program to evaluate the advantages, disadvantages, and practical difficulties of providing taxpayers with a voluntary Direct File alternative.
How To e-File IRS Tax Refund?
- Direct File will be accessible in both English and Spanish, interview-based, and mobile-friendly.
- Subsequently, it will be extended to a larger subset of qualified taxpayers.
- Other tax preparation services are available to taxpayers in the 13 states that qualify.
- If your adjusted gross income is $73,000 or less, use IRS Free File.
- Try Free File Fillable Forms if you feel confident handling your taxes on your own.
- Our electronic filing platform accepts tax professionals who are approved IRS e-file providers.
- They are capable of preparing, sending, and handling e-filed returns.
- Use the guidelines provided in Form 1040, U.S. Individual Income Tax Return, to file by mail.
- Your paper return may not be processed for up to six months.
IRS e-File Eligibility
Direct File will be a pilot for the 2024 filing season, aiming to understand the service and taxpayer needs. Eligibility is limited to simple tax return filers reporting specific income types and claiming limited credits and deductions. The tax scope is still being finalized.
Reporting of income
- W-2 earnings
- Railroad Retirement and Social Security benefits
- Interest on unemployment benefits of $1,500 or less
- Customary subtraction
- Interest on student loans
- Teacher costs
- Credit for Earned Income Tax
- Credit for Additional Dependents on the Child Tax Credit
Is e-Filing a Tax Return required?
Here’s how to determine whether you need to file a tax return for the current year:
- Check your income to determine if you earned the bare minimum needed to file a tax return.
- Choose the filing status that best suits your needs (depending on your age, income, and filing status, you might need to file a tax return).
- Assuming you are retired, ascertain whether your annuity is subject to taxes.
- To reduce the amount of tax you owe, find out if you are eligible for any credits or deductions.
- To determine whether you must file, use the Interactive Tax Assistant.
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