According to the institutions in charge of these matters, the Income or Tax Return is an annual procedure that taxpayers must complete in order to update their financial situation with the Tax Agency. It consists primarily of calculating the total amount of taxes to be paid in a fiscal year.
As a result, the IRS, the United States Internal Revenue Service, has stated that it anticipates receiving more than 140 million tax returns during the time allotted for citizens to complete this legal procedure with the Administration.
Although most taxpayers must file their forms by this deadline to avoid fines and interest, there are relief provisions for individuals or groups who have recently been affected by natural disasters, such as the DANA storm that hit the Community of Valencia, in Spain, at the end of 2024 or the recent one in Los Angeles.
As a result, according to the IRS, citizens have a set amount of time to file their tax returns on time without being penalized by the institutions.
US Tax Return Deadline
The US Internal Revenue Service has announced that it will begin accepting tax returns on Monday, January 27. As a result, beginning on that date, taxpayers who wish to do so will be able to file their fiscal year tax returns in order to avoid problems with the administrations in charge of these matters.
However, the agency has stated that it expects more than 140 million individual tax returns to be filed by the deadline of Tuesday, April 15.
As a result, it is confirmed that citizens will be able to file their tax returns between January 27 and April 15. Taxpayers who file after this deadline or do not file at all will be required to explain themselves to the appropriate authorities and may face financial penalties under US law.
Innovation in US Tax Returns
Similarly, the US Internal Revenue Service has announced a series of new and expanded programs for citizens to file their income tax returns, all of which are intended to simplify the tax return process as part of a modernization effort that began with the passage of the Inflation Reduction Act in 2022.
This service innovation aims to improve the tax-paying experience by expanding free resources and providing better customer service options.
In addition, the IRS has released a new update to its Free File program, which provides free tax preparation software to eligible taxpayers. In other words, citizens who use this tool will be able to determine how much tax they will be required to pay to the Tax Agency, as well as whether their return will be more or less favorable.
Finally, Direct File, like third-party digital filing tools, enables taxpayers to automatically import data from their IRS account into the appropriate tax forms for free. However, with this new tool, taxpayers can now submit their taxes directly to the IRS.
This expansion includes the Direct File program for taxpayers in 25 states, up from 12 in the previous season’s pilot.
