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Beat the Rush: Start Filing Your 2025 Taxes on This Date

With tax season just around the corner, many people are already looking to get a head start on their 2024 tax returns. The IRS has officially announced that you can begin filing as early as January 27, 2025. This date marks the opening of the IRS system to start accepting individual tax returns for the 2024 tax year. If you’re eager to avoid the usual filing chaos, here’s why getting ahead matters.

Why Filing Early Is a Smart Move

There are some major perks to filing your taxes sooner rather than later:

  • Get Your Refund Faster:
    The earlier you file, the faster you’ll see that refund hit your bank account. The IRS aims to issue refunds within 21 days for early filers who choose electronic filing and direct deposit.
  • Protect Yourself From Identity Theft:
    Filing early can help prevent tax-related identity theft, where scammers try to file a return using your personal information. Submitting your return first reduces their chance to take advantage of you.
  • Avoid Last-Minute Stress:
    Procrastination is tempting, but rushing to meet the April 15 deadline can be nerve-wracking. Filing early means you’ll have peace of mind, with more time to address any unexpected issues if they arise.
  • Easier Access to Tax Professionals:
    If you need help from a tax pro, booking an appointment is much easier early in the season before their schedules fill up. By mid-March, it’s typically harder to find available experts.

IRS Free File and Direct File Options

Starting January 10, 2025, the IRS Free File program opens for those with an Adjusted Gross Income of $84,000 or less. Through this program, you can use free tax preparation software provided by IRS-approved partners.

If you live in one of the 25 states participating in the expanded IRS Direct File program, you’ll be able to file directly with the IRS for free, without needing third-party software. This is part of the IRS’s push to make tax filing easier and more accessible.

How to Prepare for Early Filing

Want a smooth and hassle-free tax filing experience? Here are a few tips to get ready:

  • Gather Documents:
    Make sure you have everything you need, like your W-2s, 1099s, and any receipts for deductions or credits. These documents typically start arriving in January, so don’t wait too long to collect them.
  • Double-Check Personal Information:
    Even minor errors, like a typo in your Social Security number or bank details, can delay your return. Verify that all information is accurate before filing.
  • File Electronically:
    Electronic filing is faster, more accurate, and more secure than mailing a paper return. Plus, choosing direct deposit ensures you’ll get your refund as quickly as possible.

Final Thoughts

Filing early doesn’t just save you time—it could put your refund in your hands sooner and help you avoid the headaches of last-minute scrambling. With key dates set and helpful programs like Free File and Direct File available, you have everything you need to make this tax season a breeze. So, mark your calendar for January 27, 2025, and get ready to file!

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