IRS will start accepting 2023 tax returns on January 29

If you like to file your taxes early, the IRS said on Monday it will begin accepting and processing 2023 federal income tax returns starting on Monday, January 29.

If you like to file your taxes early, the IRS said on Monday it will begin accepting and processing 2023 federal income tax returns starting on Monday, January 29. If you’re not an early bird, be sure to file your return and pay any remaining taxes owed by the filing deadline of Monday, April 15. Some tax filers, however, will have a later deadline. Taxpayers in Maine and Massachusetts, for instance, will have until April 17 to submit their returns due to those states’ observation of the Patriots’ Day and Emancipation Day holidays. And anyone living or doing business in a federally declared disaster area may have a later date. For instance, if you were affected by the storms and tornadoes that started on December 9 in parts of Tennessee, you will have until June 17, 2024 to file and pay what you owe. Here is the list of federally declared disaster areas and information on what forms of tax relief are available. If you can’t file by mid-April, make sure to apply for an automatic six-month filing extension by April 15 so you can avoid being charged a late-filing penalty. And remember that regardless of when you file, if you still owe money to the IRS for tax year 2023, that amount is due by your April filing deadline. If you don’t send in payment by the general filing deadline, you may face a late payment penalty — with interest.