New Information on the 2024 Tax Filing Season from the IRS

Date: January 18, 2024

The IRS recently released new information regarding the 2024 Tax Filing Season, including the official start date of January 29, 2024. 2023 returns will begin to be accepted and processed on this date, and the filing deadline will be April 15, 2024. However, taxpayers can begin working with tax preparers now to prepare their returns and the IRS Free File program will be available on January 12th. As part of this program, participating tax software companies will accept completed returns and hold them until they can be filed electronically on the 29th.

Helpful tips have also been provided in order to assist taxpayers in ensuring the filing season goes smoothly. The IRS recommends that taxpayers get started now on collecting the necessary documents and preparing to file. Taxpayers should also be sure to wait to file their return until they have received all income-related documents to avoid any inaccuracies in the return. Additionally, to avoid delays, it is recommended that taxpayers plan to file their returns electronically and elect to receive their refunds by direct deposit. Finally, the IRS provides details about expanded tools and resources to assist taxpayers throughout the tax season. These include improvements to the Where’s My Refund? tool which provides status updates to taxpayers tracking their anticipated refunds, as well as new features to individual online IRS accounts that allow taxpayers to chat with representatives and manage their payments.

Finally, the IRS provides a timeline for when taxpayers can expect to receive their refunds. Most taxpayers should receive their refunds less than 21 days after filing. However, this timeline can vary, and the IRS therefore cautions against relying on receiving your refund by a certain date. Additionally, taxpayers claiming the Earned Income Tax Credit or the Additional Child Tax Credit cannot receive their refunds before mid-February. The IRS expects most of these refunds to be available by February 27th.

For the full release issued by the IRS, including links to helpful IRS tools for filing, visit:

https://www.irs.gov/newsroom/irs-announces-sweeping-effort-to-restore-fairness-to-tax-system-with-inflation-reduction-act-funding-new-compliance-efforts

 

If you have questions or would like to consult with an attorney, contact the Indiana Legal Services Low Income Taxpayer Clinic at tax.clinic@ilsi.net or (812) 339-7668.

 

Megan Burtis

Megan Burtis,
Low Income Taxpayer Clinic Law Clerk