How to do your taxes in 2023 (and get your refund fast)
1 year, 9 months ago

How to do your taxes in 2023 (and get your refund fast)

CBS News  

We may receive commissions from some links to products on this page. We found the best online tax filing options, including IRS Free File and TurboTax, that should work for just about every and any kind of taxpayer. And it doesn't matter if you're reporting unemployment income or capital gains; if you meet the program's income eligibility, then IRS Free File will find you an online service that'll do your tax math, answer so-called "simple" questions and submit your returns -- all for free. One important note: For the 2023 tax season, eight companies are participating in IRS Free File, including some names you may recognize, such as TaxAct and TaxSlayer. Free File Fillable Forms definitely has its limitations: It doesn't give advice; it doesn't do state returns; it doesn't allow you to do federal returns for anything but the current tax year; it doesn't let you do revisions once you've filed; and, as the IRS cautions, it doesn't do an "extensive" math check on your numbers.

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History of this topic

IRS makes free tax return program permanent and is asking all states to join in 2025
6 months, 3 weeks ago

IRS makes free tax return program permanent and is asking all states to join in 2025

Associated Press  

WASHINGTON — The IRS said Thursday it will make permanent the free electronic tax return filing system that it experimented with this year and is asking all 50 states and the District of Columbia to help taxpayers file their returns through the program in 2025. “And an early decision on 2025 is critical for planning -– both for the IRS …

140,000 people did their taxes with the free IRS direct file pilot. But program’s future is unclear
7 months, 3 weeks ago

140,000 people did their taxes with the free IRS direct file pilot. But program’s future is unclear

Associated Press  

WASHINGTON — The IRS said Friday that more than 140,000 taxpayers filed their taxes through its new direct file pilot program and participants saved roughly $5.6 million in fees they would have otherwise spent with commercial tax preparation companies. The government pilot program, rolled out this tax season in 12 states, allows people with very simple W-2s to calculate and …

The IRS has 940,000 unclaimed tax refunds from 2020 that are about to expire. Is one of them yours?
8 months, 4 weeks ago

The IRS has 940,000 unclaimed tax refunds from 2020 that are about to expire. Is one of them yours?

Associated Press  

WASHINGTON — The IRS is warning taxpayers that they may be leaving more than $1 billion on the table. The federal tax collector said Monday that roughly 940,000 people in the U.S. have until May 17 to submit tax returns for unclaimed refunds for tax year 2020, which total more than $1 billion nationwide. There’s a May 17 deadline to …

US Tax refund calendar 2024: How soon can Americans expect their refund and other tips
10 months, 2 weeks ago

US Tax refund calendar 2024: How soon can Americans expect their refund and other tips

Hindustan Times  

There's no rushing such an official undertaking. As tax filing season officially starts Monday, Jan. 29, 2024, a limited number of taxpayers in 12 states will soon be eligible for a program that will allow them to calculate and submit their returns directly to the IRS without having to pay for commercial tax preparation software. The new Internal Revenue Service's …

IRS announces January 29 as start of 2024 tax season
11 months, 2 weeks ago

IRS announces January 29 as start of 2024 tax season

Associated Press  

WASHINGTON — The IRS on Monday announced January 29 as the official start date of the 2024 tax season, and expects more than 128.7 million tax returns to be filed by the April 15 tax deadline. “As our transformation efforts take hold, taxpayers will continue to see marked improvement in IRS operations in the upcoming filing season,” said IRS Commissioner …

IRS will start taking tax documents digitally as it aims to go paperless
1 year, 4 months ago

IRS will start taking tax documents digitally as it aims to go paperless

LA Times  

The IRS says its paperless initiative should enable it to expedite tax refunds by several weeks. Most taxpayers will be able to digitally submit a slew of tax documents and other communications to the IRS next filing season as the agency aims to go completely paperless by 2025. “Thanks to the IRA, we are in the process of transforming the …

When are income taxes due in 2023?
1 year, 9 months ago

When are income taxes due in 2023?

CBS News  

We may receive commissions from some links to products on this page. TurboTax Free Edition TurboTax Deluxe $39 TurboTax Premier, $69 TurboTax Self-Employed, $89 H&R Block, from $0 to $80 How to e-file your taxes in 2023 When it comes to e-filing, also known as online filing, there seem to be as many options to get the job done as …

IRS announces Jan. 23 start date for tax filing season
1 year, 11 months ago

IRS announces Jan. 23 start date for tax filing season

Associated Press  

WASHINGTON — The official start date of the 2023 tax filing season is Jan. 23, when the IRS will begin accepting and processing 2022 returns, the agency announced Thursday. The news comes after the National Taxpayer Advocate reported Wednesday that the IRS watchdog is seeing “a light at the end of the tunnel” of the IRS’ customer service struggles, thanks …

An income tax refund is not free money
2 years, 4 months ago

An income tax refund is not free money

Live Mint  

A total of 58.3 million income tax returns have been filed in assessment year 2022-23 up to 31 July. In fact, a press release put out by the ministry of finance on 1 August pointed out: “The e-filing portal…set… benchmarks on 31st July, 2022 including - highest per second rate of ITR filing: 570, highest per minute rate of ITR …

Most Americans could file their taxes for free, but don’t
2 years, 7 months ago

Most Americans could file their taxes for free, but don’t

Associated Press  

WASHINGTON — A new government watchdog report finds that while most Americans are eligible to file their taxes for free, only a fraction use the services provided through the government. Instead, many taxpayers utilized other methods, “which they may have paid to use,” according to a new U.S. Government Accountability Office study on the 2020 tax filing season. IRS’ free …

Taxpayers face overloaded IRS as filing season opens Monday
2 years, 11 months ago

Taxpayers face overloaded IRS as filing season opens Monday

Associated Press  

WASHINGTON — Count 30-year-old Ethan Miller among that subset of Americans who are actually eager to file their taxes once income tax filing season opens on Monday. “The IRS right now has unacceptable backlogs and the customer service that people are receiving is not what the American public deserves,” White House press secretary Jen Psaki acknowledged Friday. Agency officials are …

This Is The Quickest Way To Get Your Tax Refund In 2022
2 years, 11 months ago

This Is The Quickest Way To Get Your Tax Refund In 2022

Huff Post  

sesame via Getty Images Keep an eye out for your W-2 and 1099s and sign up for direct deposit. The IRS said that it is dealing with staffing shortages and a backlog of over 6 million individual tax returns from last year as of late December, and expects “enormous challenges” during this year’s tax filing season. To avoid any additional …

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