Mark Your Calendars: IRS to Begin Accepting 2024 Federal Tax Returns on January 27

The IRS has been working diligently to ensure that the tax filing process is as seamless as possible for taxpayers. With the advancement of technology, the IRS has implemented various measures to reduce errors and speed up the refund process. Taxpayers can expect to receive their refunds within 21 days of filing, provided they have submitted their returns electronically and opted for direct deposit.

Key Dates to Keep in Mind

• January 27: IRS starts accepting 2024 federal tax returns
• April 15: Deadline for filing 2024 federal tax returns
• October 15: Deadline for filing an extension for 2024 federal tax returns

Taxpayers are advised to gather all necessary documents and information before filing their returns. This includes W-2 forms, 1099 forms, and any other relevant documents. The IRS also recommends that taxpayers take advantage of the free filing options available, such as the IRS Free File program, which is available to taxpayers with incomes below $73,000.

What to Expect This Tax Season

This tax season, taxpayers can expect several changes and updates. The IRS has introduced new tax brackets and standard deductions, which may impact the amount of taxes owed. Additionally, the IRS has implemented stricter security measures to protect taxpayer information and prevent identity theft.

Taxpayers can also expect to see improvements in the IRS's online services, including the IRS website and mobile app. These platforms will provide taxpayers with easy access to their tax information, as well as the ability to track the status of their refunds.

The IRS's announcement to start accepting 2024 federal tax returns on January 27 marks the beginning of a new tax season. Taxpayers can expect a smoother and more efficient process than ever before, thanks to the advancements in technology and the IRS's efforts to improve the tax filing experience. By gathering all necessary documents and information, and taking advantage of the free filing options available, taxpayers can ensure a stress-free tax season.

Remember to mark your calendars for January 27 and start preparing your tax returns. If you have any questions or concerns, you can visit the IRS website or consult with a tax professional. Don't wait until the last minute – file your taxes early and get your refund faster.

For more information on the 2024 tax season, visit the IRS website or consult with a tax professional. Stay ahead of the game and make this tax season a breeze.