FINANCE
When can you start filing taxes in 2024? IRS announces earliest date to accept tax returns
The IRS has announced its annual schedule for tax payers to start making their tax returns.
Yaxpayers eagerly awaited the IRS to announce the commencement of the 2024 tax season, wondering when they can submit their returns to the Internal Revenue Service (IRS). In 2024, the official kickoff for tax filing is set for Jan. 29, marking the earliest date for individuals to submit their tax returns.
Filing taxes promptly not only ensures compliance with tax laws but also helps taxpayers receive any eligible refunds quickly. The IRS encourages electronic filing and direct deposit for faster and more efficient processing. Utilizing online tax filing platforms or professional tax preparation services can streamline the process, helping individuals navigate the complexities of the tax code.
Filers will have nearly three full months for which to file their taxes with the deadline on 15 April. However, it is not worth leaving it late as the sooner you file your taxes, the sooner the IRS can process your refund, if that is what you are owed.
Other important dates for tax season 2024
Here is a list of the crucial dates you need to put in your diary for 2024. The crucial date, the closing of the filing season, has been marked in italics. Certainly one to put on the calendar.
- Jan. 29: IRS begins 2024 tax season and starts accepting and processing individual 2023 tax returns (full date has not been released.
- April 15: National due date to file a 2023 tax return or request an extension and pay tax owed
- May 17: Deadline to claim 2020 tax refund
- June 17: Tax deadline for Americans living abroad
- Oct. 15: Due date to file for those requesting an extension on their 2023 tax returns.