Yearly, the Inner Income Service (IRS) units a date once they start accepting tax returns. The date varies barely from 12 months to 12 months, nevertheless it usually falls in late January or early February. For the 2025 tax 12 months, the IRS will start accepting tax returns on January 24, 2025.
Submitting your taxes on time is essential as a result of it helps you keep away from penalties and curiosity expenses. It additionally ensures that you simply obtain any tax refunds that you’re due. If you’re unable to file your taxes by the April fifteenth deadline, you possibly can file for an extension. Nevertheless, you’ll nonetheless must pay any taxes that you simply owe by the deadline.