Connect with us

Hi, what are you looking for?

Stock

IRS announces when it will begin accepting and processing 2023 tax returns

The IRS announced it will officially begin accepting 2023 tax returns on Monday, Jan. 29.

But although official processing won’t begin until that date, the agency said filers should not wait to start working on their returns. Most companies that provide tax-filing services have already made 2023 tax year forms available and will simply hold them until the IRS is ready to begin processing.

The agency said IRS Free File for taxpayers with annual incomes of $79,000 or less will also be available on IRS.gov starting Jan. 12. However, the new IRS Direct File pilot, which will allow eligible taxpayers to file their taxes online for free directly with the IRS, won’t be fully rolled out until mid-March.

“As our transformation efforts take hold, taxpayers will continue to see marked improvement in IRS operations in the upcoming filing season,” said IRS Commissioner Danny Werfel. “IRS employees are working hard to make sure that new funding is used to help taxpayers by making the process of preparing and filing taxes easier.”

Among the improvements the agency is touting are expanded in-person services via Taxpayer Assistance Centers (TACs); increased help available on the toll-free hotline, and an expanded customer callback feature designed to significantly reduce wait times.

The agency said it expects more than 128.7 million individual tax returns to be filed by the April 15 tax deadline this year.

This post appeared first on NBC NEWS
Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!





    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    World biggest companies

    You May Also Like

    Editor's Pick

    Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night. The...

    Investing

    Israel carried out limited strikes in Iran early Friday in retaliation for Tehran firing a barrage of missiles and drones at Israel last Saturday....

    Latest News

    Dong’s experience, both as head of the People’s Liberation Army Navy (PLAN) as well as operational assignments in the Chinese military’s Eastern and Southern...

    Economy

    Top 15 Richest Self-made Men from 2000 to 2023 Welcome to our video showcasing the wealth evolution of the top 15 richest self-made men...