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IRS Announces 2024 Tax Filing Season
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IRS announces 2024 tax filing season to open on January 29, expecting over 128.7 million individual tax returns. The IRS is implementing improved tools and resources for the upcoming filing season, including expanded in-person service and an expanded customer call-back feature. Taxpayers residing in certain states have until April 17, 2024, to file due to holidays. The IRS's new voluntary pilot program, Direct File, will be available to eligible taxpayers in participating states, offering free federal tax return e-filing. Refunds are expected to be issued in less than 21 days, with the IRS improving the Where's My Refund tool to provide real-time status updates.
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How might the implementation of the Direct File program impact the tax filing process for eligible taxpayers?
In what ways could the improved tools and resources for the 2024 tax filing season reflect broader trends in the taxation and financial services industry?
What potential challenges could arise during the 2024 tax filing season, and how can the IRS address them?
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