WPBN: The Internal Revenue Service (IRS) said on Friday that it will open the new tax season on Monday, January 27, allowing people to begin completing their tax returns for the year 2024.
Additionally, the agency has announced that it will launch its free Direct File service, which will be accessible to citizens of 25 states beginning on the same day this year.
It is anticipated that over 140 million returns will be submitted by Americans before the deadline of April 15th. According to data provided by the Internal Revenue Service, over two-thirds of taxpayers received a refund in the previous year, with the average check amounting to approximately $3,100.
Is it possible for me to begin submitting my taxes?
Despite the fact that it began its Free File service on January 10, the Internal Revenue Service has announced that it will start receiving tax returns on January 27.
In the year 2024, taxpayers who have an adjusted gross income of $84,000 or less are eligible to participate in the IRS Free File program, which is made available by tax software providers.
Social Security Administration to Issue Two More SSDI Payments in January 2025
How much time would it take for me to receive my tax refund?
As a result of the fact that tax refunds can be the largest check that a household receives during the course of the year, a great number of Americans anxiously anticipate receiving their check from the Internal Revenue Service (IRS) and use it to pay off debt, save money, or make a significant purchase.
According to the tax agency, the majority of refunds are distributed in a period of time that is less than 21 calendar days. In the event that all goes according to plan, a person who files their taxes on January 27 could look forward to receiving their return by February 17.
It is possible for taxpayers to verify the status of their 2024 refund on the Where’s My Refund? website of the Internal Revenue Service twenty-four hours after electronically filing their forms.
According to the Internal Revenue Service, it will take approximately four weeks for paper claims to appear on the Where’s My Refund app.
More Coverage:
