The tax agency will start accepting and processing 2022 tributary year’s declarations on Monday, January 23, 2023, which signifies the commencement of the country’s tax season, according to the announcement made by the Internal Revenue Service.
April 18th is the tax deadline, and the vast majority of the over 168 million individual tax returns are expected to be filed before that. Because of the calendar, individuals have an extra three days to file this year.
In order to assist taxpayers, the IRS has expanded its in-person workforce and recruited over 5,000 new telephone aides as a component of the August endorsement of the Inflation Reduction Law. Given the significant impact of the pandemic on the past three tax seasons, the IRS has implemented additional measures for 2023 to enhance their services.
“With these funds, our employees understand that we can fulfill the desires of the taxpayers, and we are extremely excited to begin providing it,” stated Doug O’Donnell, the acting commissioner of the IRS. “In the upcoming years, we will further streamline processes by incorporating new long-term transformation efforts. This is just the beginning as we witness improvements during this tax season. Although there is still much work to be done after several challenging years, we have trained thousands of new employees to assist individuals and answer phone calls. Taxpayers and tax professionals will witness enhancements in various areas of the agency this year with these additional new resources. This tax filing season marks the first time that the IRS and our nation’s tax system benefit from multi-year funding in the Inflation Reduction Act.”
On January 23rd, the IRS will start accepting tax returns as the agency begins accepting tax returns. Many software providers and tax professionals who are already accepting tax returns will transmit those returns to the IRS. This is the official start date for the IRS systems to accept tax returns, which is crucial to ensure smooth functioning of the IRS systems. The January 23rd start date for individual taxpayers allows the IRS time to perform yearly updates and preparatory work as the IRS worked for months to prepare for the 2023 tax season. These steps were taken.
Submitting a comprehensive and precise tax return can prevent significant delays in processing and reimbursements, as well as eliminate the chance of needing to submit a revised tax return. The IRS strongly advises individuals to gather all the necessary information prior to filing their tax return.
The IRS has designated a special day on January 27th to encourage individuals to ensure that they understand the significant benefits of the EITC, a credit that can assist low and moderate-income workers and families. Additionally, the IRS encourages individuals to carefully review their tax situation to ensure they do not overlook important tax credits for which they may be eligible, such as the Earned Income Tax Credit (EITC).
The IRS offers free electronic filing of tax returns for individuals, as well as tax software available in the marketplace. Qualified individuals can also get help from tax professionals. The IRS also offers free basic tax preparation for elderly individuals through their Advanced Age Tax Counseling and Volunteer Assistance programs. The IRS has a variety of free services available to help individuals.
The majority of taxpayers have the same deadline to file their tax returns, which is April 18, 2022, a Tuesday. The tax deadlines for all taxpayers are impacted by the federal holidays in the same way that the tax deadlines in Washington, DC are impacted by the same federal holidays.
Taxpayers who request an extension will have until Monday, October 16, 2023 to file their declaration.
Tips to Assist Individuals with the 2023 Tax Season
The IRS suggests multiple factors that individuals should consider for a seamless filing experience this year.
Submitting an accurate tax return can prevent delays or future notices from the IRS. This is particularly important for individuals who may receive one of the various 1099 Forms from banks or other payers reporting unemployment compensation, dividends, pensions, annuities, or retirement plans. Sometimes, this means waiting to ensure that individuals have accounted for all their income and related documents. Having all the information they need will put them in the best position to file a complete and accurate return, and the IRS encourages everyone to have the correct information before filing. Organize and gather 2022 tax files, including social security numbers, individual taxpayer identification numbers, adoption taxpayer identification numbers, and valid Personal Identification Numbers for Identity Protection for the 2023 calendar year.
To avoid delays in processing, individuals must ensure they report the accurate amount on their tax declaration. Digital assets or the informal economy, earned money or received interests, including unemployment income, are subject to taxes, which individuals must also keep in mind.
Visit IRS.Gov first if you have any questions. Also, remember that the IRS encourages people to visit IRS.Gov for common questions and to verify the status of their refunds. The IRS has a lot of information on the same website that the telephone assistants at the IRS have.
This year, the IRS anticipates making significant improvements to telephone service for taxpayers and tax professionals as more training is completed for new phone assistants in the coming weeks. However, it is important to note that call volumes remain at historically high levels, emphasizes the IRS. To obtain the necessary information, the IRS urges individuals to visit IRS.Gov.
According to O’Donnell, “our telephone volumes continue to be very high.” “We urge individuals to start with IRS.Gov for faster access to information,” from there, taxpayers can quickly access the variety of free resources available to assist taxpayers at any time, day or night.
Whenever possible, individuals should avoid submitting paper statements to avoid delays in processing. The most important thing is to submit electronically with direct deposit. Choosing direct deposit and submitting electronically will expedite refunds by ensuring that your tax return and refund are processed promptly.
Learn how to open an account at a bank insured by FDIC through the locator tool of credit unions and savings, and cooperatives. People can use a mobile application or a prepaid debit card to use a bank account and provide account and routing numbers. In order to expedite refunds, the IRS urges individuals to electronically submit all necessary information for direct deposit as soon as they have a precise statement to file.
IRS Free File Available Starting January 13th
The IRS Free File will commence its operations on January 13th, during which participating providers will receive completed returns and retain them until they can be electronically submitted to the IRS. Several commercial tax preparation software companies and tax professionals will also receive and prepare tax returns before January 23rd in order to submit them once the IRS systems become accessible.
The IRS Free File program, which can be accessed exclusively at IRS.Gov, enables individuals to electronically file their taxes for free using software provided by commercial tax filing companies if they earned $73,000 or less in 2022. This program offers free electronic forms to individuals of any income level, allowing them to complete and submit their tax forms electronically without any cost.
Most refunds are issued within 21 days; EITC refunds for many available starting from February 28th.
The majority of taxpayers who choose electronic filing and direct deposit can expect to receive their refund within 21 days, as the IRS anticipates. Taxpayers should check “Where’s My Refund?” On IRS.Gov to know the status of their personalized refund.
The IRS will begin accepting statements on January 23rd, while emitting deceptive reimbursements in order to prevent further delays in providing assistance to Congress, as required by the 2015 PATH Act. This includes the Additional Child Tax Credit (ACTC) or the Earned Income Tax Credit (EITC), which the IRS cannot issue a refund for.
Where can I see the updated status of my refund? The IRS expects that the majority of refunds related to EITC/ACTC will be available in the debit cards or bank accounts of eligible taxpayers who chose direct deposit by February 28th. For the majority of early filers, an updated status of their refund should be shown before February 18th.
¿Se está esperando el procesamiento de declaraciones de impuestos pasadas? Las personas todavía pueden presentar declaraciones de impuestos de 2022.
Currently, the IRS is still working on processing all tax returns for the 2021 tax year, both electronic and paper, that were received before November 2022, and they are urging people to file their tax statements without errors to avoid delays. The IRS will continue to work on processing taxes in these categories, ensuring that individuals who file their statements for the 2023 tax year will not have their tax refund time affected.
IRS.Gov, IRS Online Account offers free assistance.
Available at any time and user-friendly, the online tools found on IRS.Gov are utilized by millions of individuals to assist with tax filing and payment, access account information, determine eligibility for tax credits, and obtain answers to tax-related inquiries.
An authenticated login permits individuals to retrieve personal tax account details, such as balance, payments, and tax documents, which also include adjusted gross income. The online account provided by the IRS allows people to securely log in.
The annual tax season program for filing taxes requires individuals to find local preparers who currently possess recognized professional credentials to assist with IRS-recognized qualifications and credentials. The Directory of Federal Tax Preparers offers information to help select one professional tax preparer. There are various types of preparers for tax declarations, including attorneys, certified public accountants, enrolled agents, and some preparers who are not certified.
The Interactive Tax Assistant provides answers to many tax law questions, for example, it can help people determine if they qualify for certain credits or if they can deduct certain expenses if their income is subject to a certain type of tax. It also provides answers to general questions on how to determine one’s filing status and if someone can claim dependents on their tax return. Additionally, it can help individuals figure out if they are eligible for changes in their tax life events.
Overnight, the tool “Where’s my refund?” Is refreshed once every 24 hours. Within a day after the IRS approves their tax return filed electronically, taxpayers are provided with the option to verify the progress of their refund.
MilTax is a free tax resource available to eligible taxpayers in various states, designed to address the realities of military life, including deployments, combat pay, housing, and training. It includes personalized support from tax advisors, updated information about tax filing, and electronic filing and tax preparation software, all offered through the Department of Defense for the military community.
Important Dates of the Tax Season
There are several important dates that taxpayers should keep in mind for this year’s tax filing season.
Prepare before presenting
The IRS.Gov Prepare page is the place to go for more information, resources, and tips. It’s never too early to start preparing for the upcoming tax filing season.