When is the IRS accepting taxes 2024? This is a common question among taxpayers who are eager to file their returns and receive any refunds they may be eligible for. The Internal Revenue Service (IRS) has specific deadlines and guidelines for accepting tax returns, and it’s important for individuals and businesses to be aware of these dates to ensure they can file their taxes on time.
The IRS typically begins accepting tax returns for the current year on January 1st, but there are a few exceptions to this rule. In the case of the 2024 tax season, the IRS will begin accepting tax returns on January 29, 2024. This date is later than the usual start date due to the federal government shutdown that occurred in late December 2023, which affected the IRS’s operations.
It’s crucial to note that while the IRS starts accepting tax returns on January 29, 2024, there may still be delays in processing some returns. This is especially true for tax returns that require additional review or involve complex situations. To help avoid potential delays, taxpayers are encouraged to file their returns as early as possible.
Additionally, the IRS has set a deadline for tax returns for the 2024 tax season. Taxpayers must file their returns by April 15, 2024, unless they qualify for an extension. An extension can be requested by filing Form 4868 by April 15, 2024. It’s important to remember that an extension to file does not grant an extension to pay any taxes owed. Taxpayers who expect to owe taxes should estimate the amount owed and pay it by April 15 to avoid penalties and interest.
Another factor to consider is the IRS’s e-file and direct deposit options. Filing taxes electronically and opting for direct deposit of any refunds are the fastest and most secure ways to handle tax returns. The IRS guarantees that tax refunds will be issued within 21 days for those who file electronically and choose direct deposit. However, it’s important to note that this timeframe may vary depending on the complexity of the return and the IRS’s processing times.
In conclusion, the IRS will begin accepting tax returns for the 2024 tax season on January 29, 2024. Taxpayers should aim to file their returns by April 15, 2024, or request an extension if needed. By being aware of these important dates and taking advantage of e-file and direct deposit options, taxpayers can ensure a smooth and efficient tax filing process.
