When Will the IRS Start Processing Electronic Returns in 2025?
Millions of returns are processed by the Internal Revenue Service (IRS) during tax season, and refunds are issued promptly. If you’re wondering when the IRS will begin accepting electronic returns for the 2025 tax filing season, you’ve come to the right place. Here are some tips to ensure a smooth filing experience, including key dates, timelines, and deadlines.
Key Date for IRS E-Filing in 2025
On January 27, 2025, the IRS will begin accepting electronic filings (e-filings) for the 2024 tax year. Tax season officially begins on this date, enabling taxpayers to submit their returns and receive their refunds sooner.
- E-file Deadline: The timely filing deadline for tax year 2024 is April 15, 2025.
- Extension Deadline: Extended returns will be accepted until October 15, 2025.
It is possible to correct and resubmit e-filed returns by April 20, 2025, ensuring they are filed in time.
IRS Refund Processing Timeline
Within 21 days of receiving an e-filed tax return, the IRS aims to process most returns. Assumed in this timeline are:
- Error-free return.
- Direct deposit is chosen by the taxpayer.
Common Reasons for Refund Delays:
- Using the mail instead of electronic filing.
- The return contains errors or incomplete information.
- Making a claim for the Earned Income Tax Credit (EITC) or Child Tax Credit (CTC).
- ITINs are used to identify individuals as taxpayers.
How Long Does It Take for IRS to Approve Refund After It Is Accepted?
Benefits of E-Filing Your Return
Due to its speed and convenience, e-filing has become the preferred method of filing for most taxpayers. There are several key advantages, including:
- Faster Refunds: Paper returns are processed much slower than electronic ones.
- Accuracy: IRS-compliant e-filing software reduces errors.
- Secure Refunds: Direct deposits ensure your refund reaches you safely and quickly.
How to Check Your Refund Status
You can track your refund online using the IRS’s tools:
- Where’s My Refund?: You can use this tool for the current year and the last two years. Updates are available within 24 hours of the IRS receiving your e-filed return.
- Where’s My Amended Return?: This tool provides status updates for amended returns. It may take up to 20 weeks to process amended returns.
Steps to Prepare for Tax Filing Season
Preparing for tax season can help you avoid stress and delays. Here are the steps to follow:
- Organize Your Documents:
- Employers’ W-2s and 1099s.
- Deductible expense receipts.
- Any advance payments, such as stimulus checks, should be kept on file.
- Verify Your Information:
- Numbers of all dependents’ Social Security cards.
- Direct deposit refund account details.
- Use IRS Online Resources:
- Manage payments, view tax details, and request an IP PIN through your IRS Online Account.
Filing Tips to Avoid Common Errors
- Make sure all personal information is accurate.
- Streamline the process by using e-filing software.
- Maximize your refund by reviewing tax credits and deductions.
Conclusion
On January 27, 2025, the IRS will begin processing electronic tax returns for the 2024 tax year. You will receive your refund faster if you file early, use e-filing, and choose direct deposit. Utilize IRS online tools and organize your documents well in advance. Make the 2025 tax season stress-free by preparing now.
