Tax Season Underway: IRS Accepting 2024 Tax Returns Today
Tax season is in full swing, and individuals across the country are gearing up to submit their returns. As the scramble begins to gather W-2 forms, 1099s, and other necessary documentation, a burning question on many taxpayers’ minds is: when will the Internal Revenue Service (IRS) start accepting returns?
IRS Commissioner Danny Werfel recently announced significant reforms to tax filing tools for Americans. In a statement on the IRS website, Werfel emphasized the agency’s commitment to enhancing taxpayer services, stating that this tax season marks a historic period of improvement. “These taxpayer-focused improvements we’ve implemented so far are crucial, but they are just the beginning of what the IRS needs to do,” Werfel added. “Further investment in the nation’s tax system can unlock even more potential.”
The much-anticipated start date for tax return submissions is January 27, 2025. On this day, the IRS officially opens its doors to taxpayers, expecting a flood of more than 140 million individual tax returns for the 2024 tax year. It is projected that over half of these returns will be filed with the assistance of tax professionals. The deadline for filing these returns is April 15, 2025.
Amidst the evolving landscape of tax filing, the IRS has made substantial strides in modernizing its systems and enhancing user experience. The 2025 tax filing season will showcase continued progress in these areas, with new tools and features aimed at simplifying the process for taxpayers. From improved access to tax account information through virtual assistants to expanded features on the IRS Individual Online Account, the agency is committed to providing user-friendly resources for filers. Moreover, enhanced alerts for potential scams and schemes serve as a protective shield for taxpayers navigating the complex world of tax returns.
When it comes to choosing the best method for filing tax returns, taxpayers have a myriad of options at their disposal. Popular choices include tax software like TurboTax or H&R Block, while some individuals opt for the expertise of in-person accountants. For those seeking a direct route, the IRS offers the “Direct File” tool, allowing individuals to submit their federal returns with ease. However, it’s important to note that Direct File is currently accessible in only 25 states.
As the tax season unfolds, individuals are encouraged to stay informed, take advantage of the resources available, and file their returns in a timely manner. With the IRS paving the way for a more streamlined and user-friendly tax filing experience, taxpayers can navigate the process with confidence and ease.
