The Internal Revenue Service will begin receiving and processing tax returns on Monday. The IRS will now be able to review your return if you’ve already filed it, whether you used tax software or a tax advisor.

IRS Announces The Start Of The 2023 Tax Season — Here Are The Key Deadlines And Changes

More than 168 million individual tax returns are anticipated to be filed this year, “the vast majority of those coming before the tax deadline of April 18,” according to the IRS.

Early tax filing is always a good idea: This year, it might even include a chance to win money.

Everything you need to know about the tax brackets for 2023

When is the 2023 filing deadline?

Due to the fact that April 15 falls on a Saturday and April 17 is Emancipation Day, a holiday celebrated in Washington, D.C., taxes must be paid by April 18.

Tax deadlines in Alabama, California, and Georgia

However, you have until May 15 to submit your federal individual and corporate taxes if you reside in a region of California, Alabama, or Georgia that was recently hit by a disaster.

the deadline for submitting extended income tax returns

You have until October 16 to file your return if you ask for a delay. This is significant because it doesn’t provide you extra time to pay your taxes. Even though you will have more time to finish your tax forms, you must still pay any sum that is owed to avoid penalties.

Tax extension FAQs: How to request one and more

What are the purposes of the 1099, W-4, W-2, W-9, and 1040 forms while filing taxes?

• 1099 due date

You ought to get a 1099 tax form by February 15 if you’re a freelancer, independent contractor, or have another source of income aside from a regular job. The same rules apply to those who received at least $600 in prize money the previous year.

• W-2 deadline

Your employer is required to send you a W-2 by Jan. 31.

Refunds:

The IRS has warned that Americans may receive lesser refunds in 2023. Here’s how to maximise every dollar.

IRS postpones the filing of $600 in 1099-K income; this affects people who use Venmo, PayPal, CashApp, and other services.

When is the IRS Free File available?

On January 13, IRS Free File went live.

IRS Free File enables you to file your federal taxes at no additional expense using either electronically fillable forms or IRS collaborations with for-profit tax preparation firms.

You are entitled to free prepared tax returns if your adjusted gross income in 2022 was $73,000 or less. Regardless of income level, the IRS also provides free fillable forms that anybody can use.

For the most recent updates on IRS Free File, be sure to frequently visit this page.