COLUMBUS, Ohio (WCMH) – As of Monday, it became official – the 2024 tax season is underway, meaning the Internal Revenue Service has started accepting and processing returns for 2023.
What do you need to do to make sure you file on time and get your money? Here are some of the most frequently asked questions and the answers to those questions directly from the IRS.
When does tax season begin?
The IRS began accepting and processing returns on Jan. 29, so if you have all of your documents and personal information, you can file right now. If you’re still waiting on your W-2, your employer has until Jan. 31 (Wednesday) to get it to you.
What’s the best way for people to file their taxes?
That depends on your income. For those with low to moderate income, the IRS suggests volunteer income tax assistance or tax counseling for the elderly.
If you make less than $79,000 a year, do it yourself with Free File through IRS.gov.
For everyone else, use tax software or a licensed professional. The Better Business Bureau offers some tips to help you find the best one for you.
Once you file, when should you expect to see your refund?
According to the IRS, most refunds are issued in 21 days or less, but some require a closer look, more information, or an additional review, and take a little while longer to process.
While you wait, use the Where’s My Refund? tool on IRS.gov.
When does tax season end?
The deadline to both file your tax return and request an extension is April 15.
The IRS said it is undergoing an overhaul in an attempt to improve its technology and customer service processes.
This year, you may notice more walk-in centers open to help taxpayers, but the agency continues to stress that to help avoid delays, avoid filing paper returns whenever possible. Plan to file electronically with direct deposit, which is the fastest and easiest way to file and receive a refund.