Sen. Mike Crapo of Idaho opens Kudlow on the tax code and proposed tariffs under President-elect Donald Trump.
this Internal Revenue Service (IRS) On Friday, it announced details for the start of the 2025 tax filing season, which will begin in earnest later this month.
Tax filing season It will open on Monday, January 27 for taxpayers filing their tax returns for the 2024 tax year. The IRS said it expects to have more than 140 million individual tax returns by the federal deadline for filing returns for the 2024 tax year, which is Tuesday, April 15. .
The agency added that with about half of returns expected to be filed with the help of a tax professional, taxpayers should use a trusted tax professional to avoid potential scams and schemes.
This tax filing season, new tools will be available to taxpayers amid IRS modernization efforts. Improvements include more access to tax account information from voice and text-based virtual assistants, expanded features in the IRS Individual Online Account, more access to dozens of tax forms for mobile and tablet users, plus expanded alerts for scams and schemes targeting taxpayers. aims, pointed out.
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The IRS announced that the 2025 tax filing season will open for returns for the 2024 tax year on January 27. (Michael Bucciri/Getty Images/Getty Images)
The IRS has also expanded the Direct File program since last year, which will be available in 25 states when tax season officially begins after it was used by 12 states as part of a pilot program last year. will be
Direct file is similar Business tax software And it allows taxpayers to choose a 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 assist Direct File users in their eligibility search.
“This has been a historic period of improvement for the IRS, and people will see more tools and features to help them file their taxes this tax season,” said IRS Commissioner Danny Werfel. “These taxpayer-focused improvements we've made so far are important, but they're just the beginning of what the IRS needs to do. More can be done with continued investment in the nation's tax system.”
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The IRS has been modernizing its technology to help taxpayers. (Photo by J. David Ake/Getty Images/Getty Images)
The IRS notice noted that more Tax refund are issued in less than 21 calendar days, and taxpayers can access the “Where's My Refund?” to use A tool on IRS.gov to check the status of your 2024 income tax refund within 24 hours of e-filing.
For taxpayers filing paper returns, refund information is usually available four weeks after filing. “Where's my refund?” The tool updates overnight, so there's no need to check 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 Department's Office of Financial Services, paper refund checks are 16 times more likely to have a problem, such as a lost check, misdirected check. Tax affairs wrote, stolen or not cashed.
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The statement goes on to say that taxpayers should check the websites of the FDIC and the National Credit Union Bureau if they do not have one. bank accountwhile veterans can use the Veterans Benefits Banking program to find participating financial institutions.