When to File Your 2024 Taxes: Your Ultimate Guide to a Smooth Tax Season

File Your 2024 Taxes: Fast Refunds, Free Filing & More: Your Complete Guide to 2024 Taxes

As we enter 2025, it is time to start thinking about taxes. While tax season can feel overwhelming, understanding the key dates and helpful resources can make the process smoother. The tax filing season starts/begins on January 29, 2025. The IRS is making it easier for taxpayers to file and get their refunds faster. In this post, we’ll cover essential dates, tips for filing, and where you can find free help.

Introduction: What You Need to Know About 2024 Tax Filing

Tax season can bring stress for many, but with the correct information and preparation, it does not have to be overwhelming. Here’s a quick breakdown of what you need to know about the 2024 tax season:

• Tax Filing Deadline: The filing deadline for most taxpayers is April 15, 2025. If you miss this, you could face penalties and interest, so it’s important to file on time or request an extension.

• Tips for Filing in 2024:
  1. Organize Your Documents Early—Gather all necessary documents, such as W-2s, 1099s, and receipts for deductions, so you’re ready when filing opens.
  2. File Early to Avoid the Rush – Filing as soon as the season opens can help you get your refund faster and avoid last-minute stress.
  3. Double-Check Your Information—To avoid delays, make sure your Social Security number, income, and deduction information are accurate.

IRS Free File Service

The IRS Free File program is designed to make tax filing more straightforward and affordable for low- to moderate-income taxpayers. If your income is $73,000 or less in 2023, you can use this service to file your federal taxes for free. It can save you money on expensive tax preparation services and software. The IRS Free File program opens on January 12. The IRS also connects you to various tax software providers, allowing you to file taxes without charge.

These tax software providers partner with the IRS to offer free filing options with simple step-by-step instructions. Most of them include built-in features that help ensure you file your taxes accurately and don’t miss out on valuable deductions or credits. Using Free File can also help you avoid errors that delay your refund.

Tip: Even if you’re eligible for Free File, ensure you have all your necessary documents—such as W-2s, 1099 forms, and receipts for deductions—before starting to ensure a smooth filing process.

Refunds Are Faster

One of the most significant benefits of filing your taxes online/electronically is the speed at which you can receive your refund. Most taxpayers file their tax returns online (e-file). They also choose direct deposit and can expect to receive their refund in less than 21 days. The IRS processes electronic returns much faster. The paper returns can be delayed due to mailing time and manual processing.

When you file electronically, the IRS can process your return quickly. If you are owed a refund, they’ll send it directly to your bank account, cutting down on waiting time.

However, your refund might take longer if you are eligible for the Earned Income Tax Credit (EITC). The EITC is a credit for low—to moderate-income working individuals and families. The IRS is required by law to hold refunds for taxpayers who demand the EITC or the Additional Child Tax Credit (ACTC) until February 27 or later to give the IRS more time to detect potential fraud.

Calculate your 2024 return (taxes you file in 2025) with a tax refund estimator.

Tip: For a faster refund, choose direct deposit. Avoiding a paper check eliminates the wait for it to be mailed to you.

IRS.gov & Online Account

The IRS website (IRS.gov) is a powerful tool. It can help you guide the filing process quickly. On IRS.gov, you’ll find a variety of free resources, such as:

• Tax Filing Help: Guides, frequently asked questions (FAQs), and forms to help you understand what you need to file your taxes.
• E-filing Options: Links to free filing services like IRS Free File and paid options if needed.
• Tracking Your Refund: You can also check your refund status using the “Where’s My Refund?” tool. All you need is your ITIN (Social Security number), filing status, and expected refund amount.

In addition, the IRS Online Account is an excellent resource for taxpayers to manage their taxes. First, you create an online account with the IRS, and then you can access the following:

• Track your filing status: You can see if the IRS has acknowledged your return or if it’s being processed.
• Request an installment arrangement: If you have incurred charges and can’t pay them in full, you can set up an installment arrangement specifically from your online account. This will help you dodge late expenses and punishments.
• Access your IRS records: You can view your tax records, including past returns, payment history, and any refunds you’ve received.

The IRS Online Account also allows you to update your personal information (like your address) or check for any notices the IRS may have sent regarding your tax situation.

Tip: If you’re unsure about your refund or need clarification on your tax situation, your IRS Online Account is the quickest way to find up-to-date information without waiting on hold with the IRS.

Bottom Line: Plan for a Smooth Tax Season

Filing your taxes doesn’t have to be unpleasant, particularly if you’re organised. Check these critical dates on your calendar, accumulate your archives early, and use the IRS’s free resources. Whether you are filing for the first time, claiming credits like the EITC, or requiring assistance with your taxes, the IRS is making strides in offering assistance to citizens to get the help they need.

By filing early, checking your data carefully, and utilizing free administrations like IRS Free File and the IRS Online Account, you can guarantee a smooth 2024 tax season.

Remember, filing your taxes early is the key to avoiding the surge, getting your discount quicker, and meeting all vital due dates. Good luck with your recording!