Yearly, the Inner Income Service (IRS) units a date after they start accepting tax returns. The date varies barely from yr to yr, nevertheless it sometimes falls in late January or early February. For the 2025 tax yr, the IRS will start accepting tax returns on January 24, 2025.
Submitting your taxes on time is vital as a result of it helps you keep away from penalties and curiosity costs. It additionally ensures that you simply obtain any tax refunds that you’re due. In case you are unable to file your taxes by the April fifteenth deadline, you may file for an extension. Nonetheless, you’ll nonetheless must pay any taxes that you simply owe by the deadline.