Tax Season 2024: What’s the Earliest You Can File Your Taxes?

Tax Season 2024: What's the Earliest You Can File Your Taxes?

The Internal Revenue Service (IRS) has officially announced Monday, January 29, 2024, as the kickoff date for the much-anticipated tax season, marking the start of the agency’s acceptance and processing of 2023 tax returns.

As taxpayers gear up for this annual financial task, it’s essential to be aware of the crucial dates and notable changes that define Tax Season 2024.

The IRS anticipates a substantial workload, expecting more than 128.7 million individual tax returns to flood in by the tax deadline of April 15, 2024.

While the official acceptance and processing start date is January 29, individuals using software companies or tax professionals can begin working on their taxes before then.

IRS Free File, available on from January 12, offers a head start for those eager to get a jump on the filing season.

One remarkable feature of the upcoming season is the introduction of the IRS Direct File pilot, set to roll out in phases starting mid-March.

This service offers eligible taxpayers a new choice to file their 2023 federal tax returns online, directly with the IRS, for free.

More details

The IRS is also unveiling a series of enhancements aimed at improving services and efficiency. These include expanded in-person services at Taxpayer Assistance Centers (TACs), increased support on the toll-free line with a customer call-back feature, and improvements to the widely-used “Where’s My Refund?” tool.

Taxpayers can now expect clearer and more detailed updates through this tool, reducing the need for unnecessary inquiries.Furthermore, the IRS emphasizes the importance of filing electronically with direct deposit, which remains the fastest and easiest way to receive a refund.

According to source Marca IRS Free File and Free File Fillable forms offer convenient options for taxpayers with various income levels. However, taxpayers should be aware of potential delays in refund processing, as some returns may require additional review. Under the federal Protecting Americans from Tax Hikes (PATH) Act, the IRS cannot issue Earned Income Tax Credit (EITC) and Additional Child Tax Credit (ACTC) refunds before mid-February.

Key 2024 filing season dates

1.January 12: IRS Free File opens.

2.January 16: Due date for 2023 fourth quarter estimated tax payments.

3.January 26: Earned Income Tax Credit Awareness Day.

4.January 29: Filing season start date for individual tax returns.

5.April 15: Due date of filing a tax return or to request an extension for most of the nation.

6.April 17: Due date for Maine and Massachusetts.

7.October 15: Due date for extension filers. Taxpayers should be vigilant about meeting deadlines, as late filing penalties and interest accruals can be significant.

An automatic extension can be obtained by filing IRS Form 4868, providing until October 15 to submit the return.

In conclusion, as Tax Season 2024 unfolds, taxpayers are encouraged to leverage the new features, be aware of key dates, and take advantage of the tools provided by the IRS to ensure a smooth and successful filing process.

Shrabani Sarkar

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