The IRS has officially set the start date for the 2024 tax filing season, commencing on January 23, 2024. Taxpayers are encouraged to file their returns electronically to expedite their refunds, as the agency anticipates a high volume of returns this year. The tax return deadline is set for April 15, 2024. Notably, the IRS has issued guidance emphasizing that taxpayers with an adjusted gross income of $12,550 or less for single filers and $25,100 or less for married couples filing jointly are not required to file a tax return. However, it may still be beneficial for these individuals to file if they qualify for various tax credits. The agency has also introduced new resources to assist taxpayers, including enhanced online tools and options for in-person help at community volunteer tax assistance programs. IRS Commissioner Danny Werfel stated, ‘We understand that many taxpayers will require assistance during this busy filing season, and we are committed to providing the support and resources they need to make informed decisions.’ As the 2024 season approaches, taxpayers are reminded to gather all necessary documentation to ensure a smooth filing process.
IRS Announces Key Details for the 2024 Tax Filing Season
