2024 tax filing season set for January 29; IRS continues to make improvements to help taxpayers
IR-2024-04, Jan. 8, 2024
WASHINGTON — The Internal Revenue Service today announced Monday, Jan. 29, 2024, as the official start date of the nation’s 2024 tax season when the agency will begin accepting and processing 2023 tax returns.
The IRS expects more than 128.7 million individual tax returns to be filed by the April 15, 2024, tax deadline.
Although the IRS will not officially begin accepting and processing tax returns until Jan. 29, people do not need to wait until then to work on their taxes if they’re using software companies or tax professionals. For example, most software companies accept electronic submissions and then hold them until the IRS is ready to begin processing later this month. IRS Free File will also be available on IRS.gov starting Jan. 12 in advance of the filing season opening. The IRS Direct File pilot will be rolled out in phases as final testing is completed and is expected to be widely available in mid-March to eligible taxpayers in the participating states.
IRS Scam Alerts!
Thousands of people have lost millions of dollars and their personal information to tax scams. Scammers use the regular mail, telephone and email to set up individuals, businesses, payroll and tax professionals.
The IRS doesn’t initiate contact with taxpayers by email, text messages or social media channels to request personal or financial information. Know the telltale signs of a scam and how to know if it’s really the IRS.
IRS Offers Guidance on 100% Business Tax Deduction for Food and Beverages
The Treasury Department and the Internal Revenue Service have issued Notice 2021-25 providing guidance under the Taxpayer Certainty and Disaster Relief Act of 2020. The Act added a temporary exception to the 50% limit on the amount that businesses may deduct for food or beverages. The temporary exception allows a 100% deduction for food or beverages from restaurants.
Steps to Take Now to Get a Jump on Next Year’s Taxes
Tax planning is for everyone. Get ready today to file your federal income tax return next year. How to making necessary adjustments to withholding, gather records, renew expiring tax identification numbers and more.
IRS Tax Calendar
IRS – Examination Process
http://www.irs.gov/pub/irs-pdf/p3498.pdf
IRS – Privacy Act Notice
http://www.irs.gov/pub/irs-pdf/n609.pdf
IRS – Examinations, Appeals,Collections, and Refunds
http://www.irs.gov/publications/p556/index.html
The IRS – Your Rights as a Taxpayer
http://www.irs.gov/uac/Taxpayer-Rights
