Senator Mike Crapo, R-Idaho, on Kudlow highlighting the tax code and tariff proposal under President-elect Donald Trump.
Internal Revenue Service (IRS) Friday announced details for the start of the 2025 tax filing season, which begins later this month.
tax filing season The filing will open on Monday, January 27 for taxpayers looking to lodge their tax returns for the tax year 2024. The IRS said it expects more than 140 million individual tax returns by the federal deadline to file returns for tax year 2024, which will be Tuesday, April 15. ,
The agency said with nearly half of all returns expected to be filed with the help of a tax professional, taxpayers should use a trusted tax pro to avoid potential scams and schemes.
New tools will also be available to taxpayers this tax filing season amid IRS modernization efforts. Improvements include greater access to tax account information from text and voice virtual assistants, expanded features on the IRS personal online account, greater access to dozens of tax forms for cell phone and tablet users, as well as increased access to scams and schemes targeting taxpayers. Includes extended alerts.
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The IRS announced that the 2025 tax filing season will open on January 27 for tax year 2024 returns. (Michael Bocchieri/Getty Images/Getty Images)
The IRS also expanded the Direct File program from last year, which will be available to taxpayers in 25 states when tax season officially begins later this month, building on a pilot program started by 12 states last year. The program was used.
Same as direct file commercial tax software And allows taxpayers to opt into the data import tool to automatically import information from their IRS account – such as personal information, the taxpayer’s IP PIN and certain information from their W-2 form. A new chatbot will also be available to help Direct File users navigate the eligibility checker.
“This has been a historic round of reform for the IRS and people will see additional tools and features to help them file their taxes this tax season,” said IRS Commissioner Danny Werfel. “These taxpayer-focused reforms we have made so far are important, but they are just the beginning of what the IRS needs to do. There is much more that can be done with continued investment in the nation’s tax system.”
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The IRS is in the process of modernizing its technology to help taxpayers. (Photo by J. David Ake/Getty Images/Getty Images)
The IRS announcement said that most tax deduction Issues are issued in less than 21 calendar days and taxpayers are left wondering “Where’s my refund?” Can use. Tool on IRS.gov to check the status of their 2024 income tax refund within 24 hours of e-filing.
For taxpayers who file paper returns, refund information is typically available four weeks after filing. “Where’s my refund?” The tool updates overnight, so there’s no need to check it more than once a day.
“The easiest, safest and fastest way to receive a refund is to file electronically and choose direct deposit. According to the Treasury’s Bureau of Fiscal Service, paper refund checks are 16 times more likely to have problems than checks like Lost, misdirected, stolen or unredeemed,” the IRS wrote.
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It says taxpayers should check the FDIC and National Credit Union Administration websites if they don’t have one. bank accountWhile veterans can use the Veterans Benefits Banking Program to find participating financial institutions.
