The IRS has officially announced January 29, 2024, as the commencement date for the 2024 tax season, marking the beginning of the acceptance and processing of 2023 tax returns. They anticipate receiving over 128.7 million individual tax returns by the April 15, 2024, deadline. While the agency will officially start accepting returns on January 29, according to a special announcement made to tax professionals, they will begin accepting business tax returns on January 16, 2024. They encouraged taxpayers to prepare in advance, emphasizing the importance of accurate reporting and electronic filing for faster processing. Also, they informed that the new Free File service opens on January 12, offering free tax software for those with an Adjusted Gross Income of $79,000 or less in 2023.

If you would like to read more, please visit: https://www.irs.gov/newsroom/2024-tax-filing-season-set-for-january-29-irs-continues-to-make-improvements-to-help-taxpayers