IRS Announces Tax Season Start Date: How Soon Can You Expect Your Refund?

The Internal Revenue Service (IRS) has officially announced that it will begin accepting and processing tax returns for the 2024 tax year on Jan. 27. With over 140 million individual returns expected to be filed before the April 15 deadline, taxpayers are gearing up for the season by organizing documents and considering filing options. Photo by Thirdman : https://www.pexels.com/photo/person-writing-on-white-paper-beside-apple-magic-mouse-5060557/ When Can You Start Filing? If you’re using a tax professional or software, you can prepare your taxes now, as some platforms accept early submissions and hold them until the IRS begins processing. For those opting for the new Direct File pilot program, residents in 25 states can file federal returns for free directly with the IRS, starting Jan. 27. This year, the program includes features like importing IRS data directly into tax forms; this is a way to streamline the process for eligible filers. How Long Will It Take to Get Your Refund? For many Americans, tax refunds represent the largest check of the year. The IRS stated that most refunds are issued within 21 calendar days for taxpayers who file electronically and opt for direct deposit. So if a filer who submits their return on Jan. 27 they could...