Beginning on January 27, the Internal Revenue Service will start receiving tax returns from individuals who are citizens of the United States.
On Friday, the organization made the announcement in a formal capacity.
“This has been a historic period of improvement for the IRS, and people will see additional tools and features to help them with filing their taxes this tax season,” IRS Commissioner Danny Werfel stated in a news release. “These taxpayer-focused improvements we’ve done so far are important, but they are just the beginning of what the IRS needs to do. More can be done with continued investment in the nation’s tax system.”
In order to avoid incurring penalties and interest, it is very necessary for you to complete your papers before the 15th of April.
The flip side of the coin is that there is a significant rise in the amount of time spent with people who have been impacted by natural catastrophes, such as the wildfires that have started in Southern California. It is the fifteenth of October that is being referred to here.
In addition, individuals have the option of submitting Form 4968 in order to request an extension until October 15; however, they are under the need to pay their estimated taxes by the latest by April 15.
On the same day, January 27, taxpayers in 25 states who are eligible for the Direct File program will be able to participate in the program. It gives taxpayers the ability to file their federal tax return directly with the Internal Revenue Service (IRS) online for free so that they can avoid paying any additional fees.
The IRS Free File program started on Friday, marking the beginning of the program. Through the use of the IRS Free File Guided Tax Software, taxpayers from all across the country have access to free software tools that are made available by recognized partners of the IRS Free File program. Those interested can get this program from the IRS.gov website.
It is anticipated that the Internal Revenue Service would receive more than 140 million individual tax returns by the year 2024.
Efforts are being made by the company to enhance the service it provides to clients.
“The past two filing seasons saw levels of service at roughly 85% and wait times averaging less than 5 minutes on the main phone lines, as well as significant increases in the number of taxpayers served at Taxpayer Assistance Centers across the country,” the IRS stated in a news release.
According to the Internal Revenue Service, the majority of refunds should be issued in fewer than 21 calendar days. Where’s My Refund? allows taxpayers to verify the status of their returns within twenty-four hours of electronically filing them.
