1/29/24 - Tax Season Kicks Off

Monday, January 29, 2024 at 9:44 AM

file photo - Today begins Tax Season

The Internal Revenue Service will begin accepting and processing 2023 tax returns.

(Positive Prep) - Today (Monday) the 2024 tax filing season begins! The Internal Revenue Service will begin accepting and processing 2023 tax year returns today.

The IRS predicts more than 128.7 million individual tax returns will be filed by the deadline on April 15.

An individual can request an extension online by filling out Form 4868 using the IRS’ "Free File" tool. You need to submit the form by the tax-filing deadline or print the form and mail it to the IRS address for your state, making sure it's postmarked by April 15. Once you file the extension, you have until Oct. 15, 2024, to file your taxes. The IRS is making improvements for the 2024 filing season, building on changes from last year to better serve taxpayers. Some of these changes include expanding in-person services at Taxpayer Assistance Centers, offering extended customer call back features to reduce wait times, and enhancing the “Where's My Refund?” tool for clearer updates.

They're also introducing a new pilot service called Direct File, allowing eligible taxpayers to file their 2023 federal tax returns online for free, directly with the IRS.

In order to receive your refund within 21 days of filing, the IRS has cautioned that you must file your return electronically, ensure that it is accurate and complete and request to receive the refund via direct deposit.

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