IRS announces the start of the 2025 tax season

Personal finance

Pra-chid | Istock | Getty Images

The 2025 tax filing season will begin on Jan. 27, which marks the first day the IRS will accept and process individual tax returns for 2024, the agency announced on Friday.

Most taxpayers must file federal returns and pay taxes owed by April 15 this year to avoid penalties and interest. But filers affected by natural disasters could have more time. 

More from Personal Finance:
It’s ‘Dry January.’ Here’s how much you can save by not drinking for a month
IRS: Missing quarterly tax payment could trigger ‘unexpected penalties’
Prices of top 25 Medicare Part D drugs have nearly doubled, AARP study finds

“This has been a historic period of improvement for the IRS, and people will see additional tools and features to help them with filing their taxes this tax season,” IRS Commissioner Danny Werfel said in a statement on Friday. 

Expanded free filing options for 2025

For the 2025 season, Direct File, the IRS’ free tax filing program, will be open to eligible taxpayers in 25 states. That’s up from 12 states for the 2024 season.

This year, participating states include Alaska, Arizona, California, Connecticut, Florida, Idaho, Illinois, Kansas, Maine, Maryland, Massachusetts, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Oregon, Pennsylvania, South Dakota, Tennessee, Texas, Washington state, Wisconsin and Wyoming.

Meanwhile, IRS Free File, which offers free guided tax prep through software partners, opened on Jan. 10. Eligible taxpayers can electronically file returns prepared via Free File partners starting on Jan. 27.

Many are eligible for free tax preparation via programs like Volunteer Income Tax Assistance and Tax Counseling for the Elderly. Another free option for military members and certain veterans is MilTax.

Articles You May Like

InnovAge And Sacramento, California Score Big With PACE Programs
Lucid reports record quarterly vehicle deliveries, meets production target
Medicare can now cover Eli Lilly’s Zepbound for sleep apnea, Health Department agency says
Michael Barr to step down as the Fed’s head of banking supervision to avoid clash with Trump
Walgreens shares soar more than 20% on big earnings beat, as drugstore chain cuts costs

Leave a Reply

Your email address will not be published. Required fields are marked *