29, 2024, marks the first day the IRS begins accepting and processing 2023 tax returns. That means taxpayers have to file their returns between that date and April 15. If you need more time, you can request an extension that can allow you to file until mid-October. You can get...
In previous years, taxpayers were accustomed to the Internal Revenue Service (IRS) accepting returns around mid-January. However, for the tax year 2018, there have been some important changes that taxpayers need to be aware of. The IRS has implemented changes to tax filing deadlines in recent ...
The IRS processes tax returns as it receives them. If you file your tax return electronically, the IRS will generally process direct deposit refunds within 7-10 days of receiving your tax return, and process paper checks within about two weeks. Filing a paper tax return may delay your refund...
When will I get my tax refund? If you are owed a federal refund, the IRS typically will issue it within 21 days of receiving an electronically filed tax return; paper returns may take up to 6 months. You can check the status of your refund with the Where's My Refund online tool or...
If your business claims a net loss for too many years, or fails to meet other requirements, the IRS may classify it as a hobby, which would prevent you from claiming a loss related to the business. If the IRS classifies your business as a hobby, you'll h
Tax season starts the day the IRS begins accepting returns, typically in late January. For most people, the last chance to file a 2024 federal tax return will be Tuesday, April 15, 2025, at midnight local time. Residents and businesses in parts of the country declared FEMA disaster areas ...
The table below shows key dates and events for filing tax returns and paying taxes with the IRS. You can jump to FAQs and past tax year schedules in the sections below. 2025 Tax Filing Schedule for Returns & Extensions The IRS will likely start processin
will sometimes issue tax rebates to stimulate the economy. To receive a federal tax rebate, you need to make sure the IRS has your contact information. If you believe you are entitled to a rebate, but have not received it, you should contact the IRS. The tax rebate is basically tax in...
3. Was your tax return error-free? If your tax return was free of errors, then you might see your refund within three weeks of submitting it electronically or six weeks of filing on paper.But if your return contains mistakes, the IRS will need to resolve those before issuing your refund...
An amended tax return can be filed even after the tax filing deadline for the tax year has passed.6 Not all errors need amending by the form. The IRS will spot and correct a mathematical error, for example, when the initial tax return is sent in for processing. When this happens, any...