The IRS announced Monday that Americans can officially begin filing 2023 personal income tax returns on January 29th.
Most taxpayers have until Monday, April 15 to file their returns or request an extension. But the agency encouraged Americans to start filing their tax returns as soon as possible, especially if they are expecting a refund.
Typically, the majority of taxpayers can expect a refund from Uncle Sam.
For many families, that money can be a lot of money. Almost three-quarters of filers received a tax refund in 2023, with the average payment equaling about $3,176.
IRS warns that to receive your refund within 21 days of filing, you must electronically file your return, ensure it is accurate and complete, and request to receive your refund by direct deposit Did.
The IRS expects to receive more than 128.7 million individual tax returns by this year's deadline.
The “Free File” tool, which provides free tax preparation services to eligible taxpayers, opened on January 12 and will remain available until the October tax extension deadline. Taxpayers with 2023 adjusted gross income of $79,000 or less are eligible for this service.
Individuals can request an extension online by completing Form 4868 using the Free File tool. You must submit the form by April or print the form and mail it to his IRS address in your state, making sure it is postmarked by April 15th.
Once you file for an extension, you have until October 15, 2024 to file your taxes.
The start of tax season comes with an $80 billion fund aimed at helping government agencies modernize technology, improve customer service, provide real-time alerts, strengthen customer service and tighten enforcement to crack down on the so-called tax gap. It begins when you begin implementing a procurement review. Wealthy.
The increase in funding is due to the Anti-Inflation Act, which President Biden signed into law in 2022.
“Taxpayers will continue to see significant improvements in IRS operations in future filing seasons as our transformation efforts take hold,” IRS Commissioner Danny Wuerfel said in a news release. Deaf,” he said. “IRS employees are working hard to ensure that new funds are used to help taxpayers by making the process of preparing and filing taxes easier.”
