Categories
Starting a Business

IRS announces January 27 as the start of the 2025 tax season [Video]

The IRS on Friday announced Jan. 27 as the official start date of the 2025 tax season, and expects more than 140 million tax returns to be filed by the April 15 tax deadline.

The announcement comes with agency in the midst of a massive overhaul, attempting to improve its technology and customer service processes with tens of billions of dollars allocated to the agency through Democrats’ Inflation Reduction Act, signed into law in August 2022.

The IRS said it is expanding its program that allows people to file their taxes directly with the agency for free. The federal tax collector’s Direct File program, which allows taxpayers to calculate and submit their returns to the government directly without using commercial tax preparation software, will be available to taxpayers in 25 states starting Jan. 27, up from 12 states that were part of last year’s pilot program.

The pilot program in …

Watch/Read More