The Internal Revenue Service (IRS) has officially announced that it will begin accepting tax returns for the year 2023 on Monday, January 29. This means it’s time to start preparing your documents and getting ready to file. But don’t worry, you won’t be alone. Most tax-filing service providers have already made the necessary forms available, so you can begin working on your returns right away.
IRS Free File and IRS Direct File
On January 12, the IRS will also make IRS Free File available on IRS.gov. This online service is specifically designed for taxpayers with annual incomes of $79,000 or less. It allows eligible individuals to file their taxes for free. However, the new IRS Direct File pilot, which offers a similar service of filing taxes online directly with the IRS, won’t be fully rolled out until mid-March.
Improvements for Taxpayers
The IRS is making significant improvements to its operations to better serve taxpayers this filing season. According to IRS Commissioner Danny Werfel, these improvements aim to make the process of preparing and filing taxes easier for everyone. Some of the highlights include:
- Expanded in-person services via Taxpayer Assistance Centers (TACs)
- Increased help available on the toll-free hotline
- An expanded customer callback feature to reduce wait times significantly
With these enhancements, the IRS aims to provide a smoother and more efficient experience for taxpayers.
Expecting High Volume
As tax season approaches, the IRS is gearing up for a high volume of tax returns. They anticipate receiving over 128.7 million individual tax returns by the April 15 deadline. So, it’s essential to file your taxes in a timely manner to avoid any penalties or additional stress.
Remember, the IRS will start accepting tax returns on January 29, and many tax-filing services are already available. The sooner you get started, the better. Start gathering your documents, double-check your information, and ensure a smooth tax-filing process.
For more information and updates about tax filing, visit F5 Magazine at F5mag.com.
Source link: NBC News