• Tax Season is Open! What You Need to Know for 2025

  • Jan 28 2025
  • Length: 12 mins
  • Podcast

Tax Season is Open! What You Need to Know for 2025

  • Summary

  • Episode Title: Tax Season is Open! What You Need to Know for 2025

    Description: The IRS has officially opened the 2025 tax filing season! Millions of returns are already in, and the deadline is April 15th. We break down key dates, free filing options, and how to avoid scams. Get your taxes done right this year!

    Show Notes:

    • The 2025 tax filing season is officially open as of January 27, 2025.
    • The IRS expects over 140 million individual tax returns for tax year 2024.
    • The filing deadline is April 15th.
    • Free Filing Options:
    • IRS Free File (for those with income of $84,000 or less)
    • IRS Direct File (available in 25 participating states)
    • Volunteer Income Tax Assistance (VITA)
    • Tax Counseling for the Elderly (TCE)
    • MilTax (for military members and some veterans)
    • Key Tips:
    • File electronically and choose direct deposit for faster refunds.
    • Wait for all income documents before filing.
    • Use a trusted tax professional.
    • Be aware of tax scams.
    • New IRS Improvements:
    • Enhanced IRS Online Account features.
    • New scam alert banner on the Online Account.
    • Redesigned notices.
    • Mobile-adaptive tax forms.
    • Virtual assistants for refund and other questions.
    • Refunds: Most refunds issued in less than 21 days, but don't rely on a specific date. EITC/ACTC refunds may be delayed until after mid-February.



    Hosted on Acast. See acast.com/privacy for more information.

    Show more Show less

What listeners say about Tax Season is Open! What You Need to Know for 2025

Average customer ratings

Reviews - Please select the tabs below to change the source of reviews.