The IRS announced Monday that Americans can officially begin filing their individual tax returns for 2023 on January 29.
Most taxpayers will have until Monday, April 15 to file their returns or request an extension. However, the agency encouraged Americans to start working on their tax returns as soon as possible, especially if they expect to receive a refund.
Most taxpayers can usually expect to receive a refund from Uncle Sam.
For many families, the money can be substantial. Nearly three-quarters of taxpayers received a tax refund in 2023, with an average payment of about $3,176.
To receive your refund within 21 days of filing, the IRS warned you that you must file your return electronically, make sure it is accurate and complete, and request to receive the refund via direct deposit.
The IRS expects to receive more than 128.7 million individual tax returns by this year’s deadline.
The “Free File” tool, which offers free tax preparation services to eligible taxpayers, will open on January 12 and will remain available until the October tax extension deadline. Taxpayers qualify for the service with an adjusted gross income of $79,000 or less for 2023.
The IRS announced that people can start filing their taxes on January 29. Getty Images/iStockphoto
If you are an individual, you can request an extension online by completing Form 4868 using the Free File tool. You must submit the form by April or print it and mail it to your state’s IRS address, making sure it is postmarked by April 15.
Once you file the extension, you have until October 15, 2024 to file your taxes.
The start of tax season comes as the agency begins to implement an $80 billion funding overhaul aimed at modernizing technology, improving customer service, delivering real-time alerts, improving customer service and cracking down against the so-called fiscal gap by improving law enforcement. wealthy.
The funding boost comes from the Inflation Reduction Act, signed into law by President Biden in 2022.
“As our transformation efforts take hold, taxpayers will continue to see marked improvement in IRS operations in the upcoming filing season,” IRS Commissioner Danny Werfel said in a news release. “IRS employees are working hard to ensure the new funds are used to help taxpayers by making the tax preparation and filing process easier.”
Categories: Trending
Source: vtt.edu.vn