Taxes are not the most exciting topic but understanding went to file and find resources can make the process less difficult. Not being excited doesn’t mean it’s not an important topic. This word “Tax” can alone send shivers down some spines. But knowing went to file your text return is crucial and thankfully it’s not as complicated as it seems.
In this blog post we will learn about tax returns and answer the burning question: when does the IRS start accepting tax returns?
Mark your Calendar
The good news is that the IRS began accepting 2000 23 tax returns on Monday, January 29th, 2024. It means you can officially file and potentially snag the refund. While IRS opens filing season in January it doesn’t necessarily mean that you have to rush out and file immediately in the while IRS opens filing season in January it doesn’t necessarily mean that you have to rush out and file immediately in January.
Early Bird vs Patient Planner
Filing early has its pugs like avoiding the last-minute scramble but if you are waiting on income statements are need some more time to get documents don’t feel pressured. You should remember that the official filing deadline for most of the US is April 15th, 2024. In the states of Maine and Massachusetts, it’s April 17th due to state holidays.
Pro tip: why it is understood that you can’t officially file before January 29th but some software companies specialize in tax software and they allow you to prepare your return in advance. It helps you to save your time later when the official season kicks off.
Now that you know the dates let’s explore some essential Things to remember!
Before filing in sure you have all the necessary documents like w2s, 1099 as received for deductions, and proof of income. It is no secret that organization is a key to smooth filing experience.
Secondly, you have options you can file electronically which is a faster process by male or with the help of a tax professional. You can consider your comfort level and the complexity of your return when making this decision.
Thirdly if your adjusted gross income is below 79000 you qualify for IRS free file. This program offers free text preparations and filing software from various providers and there are know hidden fees just free tax help.
Stay Informed & Keep Visiting the IRS Site
The IRS website is your one-stop shop for all your tax-related queries and concepts. They offer help with resources FAQs and tools to track your refund status. Don’t be afraid to seek help if you are unsure about anything the eyes website has contact information for assistance or you can also consult a text professional for personalized guidance.
The dates for the start of IRS tax return season are mentioned above and we have also shared tips and some processes to help you file taxes and make your knowledge about refunds more impressive. Indeed, tax topic is not an interesting topic but with the information about you grapple with the tax season with confidence.
- Does the IRS ever accept returns early?
Know the IRS officially starts accepting returns on the designated date January 29 for 2023 taxes however some tax software companies let you prepare your return beforehand.
- What’s the deadline for filing my taxes?
For most of the US, it’s April 15th, 2024. In Maine and Massachusetts, it’s April 17th.
- Do I have to file electronically?
No, but it’s highly recommended. It’s faster, more secure, and environmentally friendly.
- I’m low on income. Are there free ways to file?
Yes! If your AGI is below $79,000, you qualify for IRS Free File, which offers free tax software from various providers.
- Where can I find more information about taxes?
The IRS website (IRS.gov) is your best resource. They offer FAQs, tools, and contact information for assistance.
Remember: This information is general and shouldn’t replace professional advice.