As the new year approaches, so does the anticipation of tax season. For many Americans, tax season is a time to file returns, claim refunds, and take advantage of various deductions and credits. If you’re one of the millions of taxpayers preparing for the 2025 tax season, it’s important to know when you can officially begin filing and what steps you need to take to ensure a smooth tax experience.
The Internal Revenue Service (IRS) has officially confirmed the start date for the 2025 tax filing season, marking an important milestone for both taxpayers and tax professionals. Here’s everything you need to know about the confirmed start date for the 2025 tax season and what comes next.
When Does the 2025 Tax Filing Season Begin?
The IRS has confirmed that the 2025 tax season will begin on January 27, 2025. This is the official date when the IRS will begin accepting and processing federal income tax returns for the 2024 tax year.
While the IRS typically opens the filing season in late January, this year’s date marks the official start for taxpayers to submit their returns and for the IRS to begin issuing refunds.
Key Dates for the 2025 Tax Season
- Start of Filing Season: January 27, 2025 – The IRS will begin accepting tax returns for the 2024 tax year.
- Deadline for Filing Tax Returns: April 15, 2025 – This is the usual deadline for most taxpayers to file their federal tax returns. If you need more time, you can file for an extension, but that will extend your filing deadline to October 15, 2025.
- Refunds: The IRS typically processes most refunds within 21 days, assuming there are no issues with your return. However, if you claim certain credits (like the Earned Income Tax Credit (EITC) or Child Tax Credit), there may be delays due to additional review.
What’s New for the 2025 Tax Season?
Tax law changes and new IRS procedures can affect how you file your return and how long it takes for your refund to arrive. For the 2025 tax season, there are a few key updates and things to keep in mind:
- Updated Tax Brackets and Standard Deduction: The IRS has adjusted tax brackets and the standard deduction for inflation. This means that the amount of income subject to various tax rates will change, and more taxpayers may be able to take advantage of the larger standard deduction.
- 2025 Standard Deduction: The standard deduction for single filers is expected to rise to $15,650, and for married couples filing jointly, it will increase to $31,300.
- Child Tax Credit: While the expanded Child Tax Credit from the American Rescue Plan has expired, the Child Tax Credit for 2024 has reverted to the previous amount, offering up to $2,000 per child under age 17. Be sure to keep this in mind as you prepare to file for any eligible children in your household.
- Earned Income Tax Credit (EITC): The EITC is available for low- to moderate-income earners, and for the 2025 tax season, you can still benefit from this valuable credit. Eligibility and the amount you can receive will depend on your income level and the number of qualifying dependents you have.
- Health Insurance and the Affordable Care Act (ACA): If you purchased health insurance through the Health Insurance Marketplace, you’ll need to report your coverage status when filing your return. The IRS will use this information to determine if you are eligible for any premium tax credits or if you need to pay any penalties for not having coverage, depending on your state’s laws.
- IRS Processing Times: The IRS continues to address backlogs from previous tax seasons, and while the agency is working to improve processing times, taxpayers may still experience delays. To avoid delays in your refund, ensure that your tax return is accurate, complete, and filed as early as possible.
Tips to Prepare for the 2025 Tax Season
The IRS Has Announced Improvements to Tax Brackets That Will Make Americans’ Lives Easier in 2025
Now that you know when the 2025 tax season officially begins, here are some steps to help ensure you’re prepared for tax season:
- Organize Your Documents:
Collect all necessary documents, including:- W-2 forms from employers
- 1099 forms for freelance or independent contractor work
- Receipts or statements for deductions (like medical expenses or charitable contributions)
- Childcare, education, or student loan documentation
- Consider E-Filing:
E-filing is the fastest and most secure way to file your taxes. It’s also the best way to ensure you get your refund quickly, as e-filed returns are processed faster than paper returns. - Double-Check Your Refund Status:
If you expect a refund, use the IRS “Where’s My Refund” tool to track the status of your refund. This tool can give you updates on when your refund will be issued. - Review Any Tax Law Changes:
Stay updated on any tax law changes that might affect you, especially if there are new credits or deductions you might be eligible for. Reading up on recent changes can help you claim all of the benefits you’re entitled to. - Seek Professional Help:
If your tax situation is complex, consider working with a certified tax professional or CPA who can help you navigate any challenges and maximize your tax refund.
Why You Should File Early
Although the official filing season begins on January 27, 2025, it’s always a good idea to file early, even if you don’t owe taxes or are due a refund. Filing early helps you avoid potential delays and ensures you get your refund as soon as possible. It also gives you extra time to address any issues that might arise with your return.
Filing early also reduces the chances of falling victim to identity theft. Since tax season brings out scammers who might try to file fraudulent returns in your name, filing early helps prevent thieves from accessing your tax refund.
Conclusion
The IRS’s confirmation of the 2025 tax season start date—January 27, 2025—is just around the corner, and now is the time to start preparing. Whether you’re filing online, working with a tax professional, or navigating any new tax law changes, knowing when and how to file is key to a successful tax season.
Remember, early preparation is essential to ensuring your return is filed correctly and on time. Stay informed, organize your documents, and consider filing as early as possible to avoid unnecessary delays. By doing so, you can maximize your refund, minimize stress, and navigate the tax season with ease.