2024 tax filing season set for January 29; IRS continues to make improvements to help taxpayers Internal Revenue Service

Guide to filing your taxes in 2024

Pros dedicate their professional careers to understanding tax laws. With their help, your deductions will be maximized so your business can grow. If you’re overpaying and want to stop giving out an interest-free loan to the government, use the new IRS withholding tax analyzer in coordination with the new W-4 form.

Guide to filing your taxes in 2024

The IRS updates the app overnight, so if you don’t see a status change, check back the following day. To use the IRS’ tracker tools, you’ll need to provide your Social Security number or Individual Taxpayer Identification Number, your filing status (single, married or head of household) and your refund amount in whole dollars. The quickest way to monitor your tax refund is with the IRS’ Where’s My Refund? Tracker page, which also lets you know if your return has been rejected because of errors. There are payment plans available to people who do not have the money to pay their tax bills by April 15.

Awaiting processing of previous tax returns? People can still file 2021 returns

More than 160 million individual tax returns for the 2021 tax year are expected to be filed, with the vast majority of those coming before the traditional April tax deadline. Last filing season, as a result of COVID-era tax changes and broader pandemic challenges, the IRS phone systems received more than 145 million calls from January 1 – May 17, more than four times more calls than in an average year. The January 24 start date for individual tax return filers allows the IRS time to perform programming and testing that is critical to ensuring IRS systems run smoothly. The IRS provides a few options to file your taxes for free, if your income is low enough to qualify. In 2024, there is a new test program for IRS Direct File, a new option for some taxpayers in 12 states to file federal taxes for free directly with the IRS. With tax software and other affordable tax filing options, many Americans can file taxes more quickly than ever before.

Guide to filing your taxes in 2024

By using a tax guide, you can ensure accuracy in your tax filings and potentially save money by taking advantage of available credits and deductions. If you’re requesting a 1040 tax season extension, you’ll have until October 15, 2024, to file. Keep in mind that an extension of time to file your return does not grant you any extension of time to pay your taxes.

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The IRS continues to reduce the inventory of prior-year individual tax returns that have not been fully processed. As of December 3, 2021, the IRS has processed nearly 169 million tax returns. All paper and electronic individual 2020 refund returns received prior to April 2021 have been processed if the return had no errors or did not require further review.

Regardless of income, individual tax filers can use IRS Free File to request an extension electronically. If you prefer to mail a paper version of the extension, called form 4868, make sure it’s postmarked no later than April 15. The Internal Revenue Service has received 1.7% fewer returns this tax season but has processed 2% fewer returns this year compared to 2023, according to Forbes.


If, for one reason or another, you are unable to file your tax return by the April 15 tax deadline, you can file for an IRS tax extension, which will extend the due date of your filing by 6 months (Tuesday, October 15, 2024). So, long as you have all of the required income, deduction, and other tax forms you are expecting, you can begin filing your return ASAP. As the IRS continues to work to implement the new law, the agency will treat 2023 as an additional transition year. This will reduce the potential confusion caused by the distribution of Forms 1099-K sent to many taxpayers who wouldn’t expect one and may not have a tax obligation.

  • Contributions are considered tax-deductible since you will pay taxes on that income when you withdraw funds.
  • The January 24 start date for individual tax return filers allows the IRS time to perform programming and testing that is critical to ensuring IRS systems run smoothly.
  • We’ll explain how to track the status of your refund and any money the IRS owes you.
  • Taxpayers use this information return with their other tax records to determine their correct tax liability.
  • Tax season is entering crunch time as the deadline to file is just over three weeks away.
  • Qualified taxpayers with existing payment plans may be able to use the Online Payment Agreement to make changes including revising payment dates, payment amounts or bank information for payments made by direct debit.
  • If you receive additional income outside of Social Security benefits, but didn’t need to file last year, take a new look.