IRS Acceptance Date 2024, Benefits, Amount, Status & How To Online Apply & Tax Return Filing Deadline

News: As tax season looms, it’s time to gear up for the annual filing ritual. The Internal Revenue Service (IRS) has officially declared the commencement of receiving and processing tax returns for the year 2023 starting January 29, 2024. The deadline to submit your taxes is set for April 15, 2024, but if you need more time, you have the option to request an extension, allowing until mid-October. Staying informed about these crucial dates and details is vital for a hassle-free tax filing experience.

Important Dates

– January 12: The IRS Free File kicks off, enabling eligible individuals to file their taxes without any cost.

– January 16: Don’t forget! It’s the deadline for making fourth-quarter estimated tax payments for the year 2023.

– January 29: Get ready! The official launch of the individual tax return filing season.

– April 15: Mark your calendars! This is the deadline for filing tax returns or requesting extensions for most of the country.

– April 17: Special note for residents of Maine and Massachusetts—your deadline is on April 17.

– October 15: For those who filed for an extension, the final deadline is on October 15. Keep it in mind!

Filing Early and Benefits

There’s wisdom in filing your taxes early. Numerous employees eagerly anticipate their tax refunds, and by filing early, you can receive them in just a few weeks. The IRS suggests opting for electronic filing to expedite your refund, as electronic filings can be processed in as little as 21 days. Beyond the speedier refund, filing early comes with added benefits—it lowers the risk of identity theft, opens up more opportunities for tax planning, and helps minimize the chances of processing errors. It’s a win-win!

Refund Process

The journey of a tax return unfolds in three stages: acceptance, approval, and the much-anticipated refund dispatch. Imagine filing your return on January 29, 2024, for the 2023 tax year—exciting, right? Well, brace yourself because your refunds will be accepted on that very day and approved six days later. Opt for direct deposit, and you could see the funds in your account by February 3, 2024. But if a classic paper check is more your style, add an extra seven days to the timeline for the refund to make its way to you. The countdown to financial delight begins!

As tax season looms, it’s crucial to stay on top of the key dates and information for filing your taxes. Circle January 29, 2024, on your calendar, as that’s when the IRS will start accepting returns. Embracing the early-bird approach not only expedites your refunds but also lowers the risk of identity theft and offers flexibility for those with tax dues. Get ready to conquer your taxes and mark the beginning of a stress-free tax season!

FAQs

Q: When is the tax filing deadline?

A: For most of the country, the deadline to file taxes is April 15, 2024. However, residents of Maine and Massachusetts have until April 17, 2024.

Q: Can I extend the deadline for filing taxes?

A: Absolutely, you can request an extension that stretches the deadline until mid-October.

Q: What’s the key to a quicker tax refund?

A: Opting for electronic filing can expedite your tax refund, with processing taking as little as 21 days.