The IRS launched the 2024 tax season, letting millions of Americans file. Taxpayers are encouraged to file early to expedite their taxes as over 146 million will be processed.
Tax Filing Deadlines: Maine and Massachusetts Residents Get Extra Time
Most taxpayers have until April 15, 2024, however, Maine and Massachusetts residents have till April 17, 2024, due to holidays.
Federally declared disaster zones may have more tax filing time. How and when taxpayers file determines tax refunds. Direct deposit reimbursements usually appear in bank accounts within 21 days. Paper filers may wait over a month for reimbursements.
The average time to process paper checks is two weeks, and refunds are issued within 30 days. Tax returns containing erroneous or missing information may be delayed. IRS’s “Where’s My Refund” feature lets taxpayers trace their returns.
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Maximize Your Tax Refund: Tips for Filing Taxes Quickly and Accurately
Before filing taxes, taxpayers should gather all required information to avoid delays. Correctly filing helps prevent revised tax returns and assure tax credit eligibility. Taxpayers having an adjusted gross income of $79,000 or less in 2023 can file for free through the IRS Free File portal.
Employees must get W-2 and 1099 forms by January 31. Taxpayers should notify their employer immediately if these forms are late. Taxpayers should file their taxes quickly and precisely to prevent delays and maximize returns.
The IRS opens the 2024 tax season for millions of Americans to file for faster refunds.