Mark Your Calendars: IRS to Begin Accepting 2025 Federal Tax Returns on January 27

As the new year begins, taxpayers are gearing up to file their federal tax returns for the 2025 tax season. The Internal Revenue Service (IRS) has announced that it will start accepting 2025 federal tax returns on January 27, 2025. This marks the official start of the tax filing season, and taxpayers can begin submitting their returns to the IRS on this date.

The IRS has been working diligently to ensure a smooth tax filing season, and the January 27 start date provides taxpayers with ample time to gather their necessary documents and file their returns. Taxpayers can file their returns electronically or by mail, and the IRS recommends e-filing for faster refunds and more accurate returns. With the IRS's free file program, eligible taxpayers can file their federal tax returns for free, making it easier for low-to-moderate income individuals and families to access tax preparation services.

Key Dates to Remember for the 2025 Tax Season

January 27, 2025: The IRS begins accepting 2025 federal tax returns April 15, 2025: The deadline for filing 2025 federal tax returns October 15, 2025: The deadline for filing an extension for the 2025 federal tax return

Taxpayers who are expecting a refund can expect to receive it within 21 days of filing their return, provided they choose direct deposit. The IRS also offers a range of payment options for taxpayers who owe taxes, including online payments, phone payments, and mail payments. To avoid penalties and interest, taxpayers should file their returns and pay any taxes owed by the April 15 deadline.

Tax Changes and Updates for the 2025 Tax Season

The 2025 tax season brings several tax changes and updates that taxpayers should be aware of. These include: Increased standard deductions: The standard deduction for single filers has increased to $14,400, while joint filers can claim a standard deduction of $28,800. Modified tax brackets: The tax brackets have been adjusted for inflation, which may impact taxpayers' tax liability. New tax credits: Taxpayers may be eligible for new tax credits, such as the expanded child tax credit or the earned income tax credit.

Taxpayers should consult the IRS website or consult with a tax professional to ensure they are taking advantage of all the tax credits and deductions they are eligible for. By staying informed and planning ahead, taxpayers can make the most of the 2025 tax season and minimize their tax liability.

The IRS will start accepting 2025 federal tax returns on January 27, 2025, marking the beginning of the tax filing season. Taxpayers should gather their necessary documents, choose their filing method, and submit their returns to the IRS by the April 15 deadline. By staying informed about tax changes and updates, taxpayers can navigate the tax filing process with ease and ensure they receive their refund or pay their taxes owed on time. Whether you're a seasoned taxpayer or filing for the first time, the IRS's resources and free file program can help make the tax filing process less stressful and more efficient.