Tax Season 2025 Is Underway: Here’s Every Important Date and Deadline to Know

irs 2025 tax season filing

Discover which states won’t have the Direct File program this year. With tax season starting, it’s good to know the standard deduction amounts, which, due to adjustments for inflation, are higher than last tax year if you haven’t already. The IRS has repeatedly changed the so-called “$600 rule” for 1099-K reporting. That rule says millions of people who paid at least $600 for goods and services through a third-party network (think PayPal, Square, Venmo, Stripe, Cash App, etc.) could receive a Form 1099-K. Taxpayers with tax questions can also access other free resources on the IRS website, such as the Interactive Tax Assistance tool for personalized tax law guidance. The Tax Counseling for the Elderly (TCE) program also offers free tax help to those at least 60 years old, specializing in questions about pensions and retirement-related issues unique to seniors.

  • Unfortunately the IRS is already predicting smaller refund payments in the coming year, as no new stimulus (EIPs) or expanded tax credits were funded last year.
  • There will be lots more tax news–and a surprise or two with our Forbes coverage–heading your way as the season gets closer.
  • The Tax Counseling for the Elderly (TCE) program also offers free tax help to those at least 60 years old, specializing in questions about pensions and retirement-related issues unique to seniors.
  • The 2025 tax filing season will begin on Jan. 27, which marks the first day the IRS will accept and process individual tax returns for 2024, the agency announced on Friday.
  • CPA Practice Advisor has products that deliver powerful content to you in a variety of forms including online, email and social media.

Is Tax Day April 15 this year? When are estimated taxes due? Our federal filing calendar has the answers

  • In addition to the resources above, the IRS has developed a Get Ready page on IRS.gov to highlight steps taxpayers can take to streamline the filing process.
  • Taxpayers may receive various income and information statements such as Forms 1099 from banks or other payers, unemployment compensation, dividends, pensions, annuities or retirement plan distributions.
  • While tax preparers not listed in the IRS directory may be able to help you file your taxes, they will not be able to represent you if the IRS finds any problems with your return.
  • The IRS will begin accepting paper and electronic tax returns (for individual taxpayers).
  • For more complex situations, or those with self-employment/business and investment income, pick a premium provider that allows you to get support from a real tax expert if you run into complications during and after filing.
  • If you did not select the electronic deposit option, getting a paper check mailed to you adds about a week.

The IRS encourages you (as do I) to locate a trusted tax professional. The IRS has also posted a new banner on the online account homepage that alerts taxpayers of potential scams and schemes. This makes it easier to be aware of scams, while also having access to legitimate IRS communications. The program allows eligible taxpayers to file their taxes directly with the IRS online for free. This year, the IRS anticipates issuing more than nine out of 10 refunds in less than 21 days. Although the IRS issues most refunds in less than 21 days, the IRS cautions taxpayers not to rely on receiving a refund by a specific date, especially when making major purchases or paying bills.

When does the 2025 tax season start?

The IRS expects to receive around 140 million tax returns in 2025. Most of these tax returns will likely be filed in mid-March through the April 15th deadline. If you file your tax returns bookkeeping during this time, your tax refund may be delayed due to the sheer number the IRS has to process.

irs 2025 tax season filing

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A smaller penalty of 0.5% is added if you file a return but fail to pay any taxes you owe, or if you get an extension on your return but tax filing fail to pay your owed taxes. The IRS knows that it’s not popular, but the agency argues that it’s used additional funding to make the taxpayer experience better. Last year, Werfel said, by using the IRA funding, the IRS has made an immediate, meaningful difference in how it serves taxpayers. That extra funding was made possible by the IRA—Congress provided an additional $80 billion in funding to the IRS over ten years.

irs 2025 tax season filing

More than 163 million tax returns were received in 2024, a 0.9% increase compared to 2023, according to the IRS. This year, you can also try a new chatbot to help guide you through the Direct File eligibility checker. Live chat will be available in English and Spanish, and you can opt into additional authentication and verification, allowing customer service representatives to provide you with more personal information. Direct File also now allows you to opt-in to automatically import data from your IRS https://www.bookstime.com/articles/purchases-journal account, including personal information, your IP PIN and some information from your W-2 (you’ll want to have that handy). It’s similar to the experience you’ll have with commercial tax software.

irs 2025 tax season filing

Here’s when the IRS says you can start filing your taxes this year

Stay informed and consult a tax professional if you have concerns about how tax changes will impact your return. The IRS estimates that 30 million people could be eligible to participate in Direct File, saving them time and money when filing their returns. With that in mind and the start of tax season officially open, it’s good to know which bracket you fall into if you don’t already. The good news is tax brackets are more favorable this year than last due to inflation adjustments.

Tax Deadlines For Filing 2022 Returns

  • The agency said in a statement it expects more than 140 million individual tax returns to be filed by the Tuesday, April 15, deadline.
  • Taxpayers can also use the IRS Directory of Federal Tax Return Preparers with Credentials and Select Qualifications  to find trusted professionals.
  • These changes signal a major shift in IRS operations and priorities, potentially impacting ongoing modernization efforts and tax enforcement strategies under the new administration.
  • Tax software companies that do accept electronic submissions early (for tax refund advance loans) will generally hold your return and only send to the the IRS when they start accepting and processing returns.
  • The other big consideration is the filers or taxpayers situation and income.
  • The IRS said it anticipates more than half of all tax returns to be filed this year with the help of a tax professional.
  • Two goals for the upcoming tax filing season are to offer 10,000 extended office hours and to expand the IRS rural outreach program by 20%, increasing the number of returns prepared.

“Taxpayers will see a continuing improvement in 2025 and beyond, brick by brick, or online tool by online tool,” Werfel said. Tax deductions, tax credit amounts, and some tax laws have changed since you filed your last federal income tax return. Similar to third-party digital filing tools, Direct File allows filers to automatically import data from their IRS account into the corresponding tax forms for free. With Direct File, however, taxpayers can file their taxes directly with the IRS. The IRS said it expects more than 140 million individual tax returns for tax year 2024 to be filed ahead of the April deadline. The IRS says it is working to continue the success of the 2023 and 2024 tax filing seasons made possible with additional resources from the Inflation Reduction Act.

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