Tax season is upon us, and with it, the inevitable question: when can I start filing my taxes? The answer to this question depends on a number of factors, including your filing status, your income, and your filing method. In general, however, you can start filing your taxes as early as January 27th, 2025. However, the IRS does not begin accepting e-filed returns until January 27th, 2025, and paper returns until January 23rd, 2025. The tax filing deadline for 2024 taxes is April 15th, 2025. If you file your taxes by mail, you must mail your return by April 15th, 2025 in order to avoid penalties. You can also file an extension to extend your tax filing deadline to October 17th, 2025. However, if you file an extension, you must still pay any taxes you owe by April 15th, 2025.
If you are expecting a refund, you may want to file your taxes as early as possible. The sooner you file, the sooner you will receive your refund. However, if you owe taxes, you may want to wait until closer to the filing deadline to file your taxes. This will give you more time to save up the money you need to pay your taxes.
No matter when you file your taxes, it is important to make sure that you file them correctly. One of the best ways to do this is to use tax preparation software. Tax preparation software can help you calculate your taxes, find deductions and credits, and print your tax return. If you need help preparing your taxes, you can also hire a tax preparer. Tax preparers can help you with every step of the tax filing process, from gathering your paperwork to mailing your return.
When Can You Start Filing Taxes 2025?
The Internal Revenue Service (IRS) has not yet announced the official start date for filing taxes in 2025. However, based on past years, it is likely that you will be able to start filing your 2025 taxes in late January or early February 2026.
Impact of Tax Reforms on 2025 Filing
The Tax Cuts and Jobs Act of 2017 made significant changes to the tax code, which will impact your 2025 tax filing. Some of the key changes include:
- Increased standard deduction: The standard deduction will be increased to $12,950 for single filers and $25,900 for married couples filing jointly.
- Lower tax rates: The individual income tax rates will be lowered, with the top marginal rate dropping from 39.6% to 37%.
- Elimination of personal exemptions: Personal exemptions will be eliminated, which means you will no longer be able to claim a deduction for yourself, your spouse, or your dependents.
- New child tax credit: A new child tax credit of up to $2,000 per child will be available to eligible taxpayers.
These are just a few of the changes that will impact your 2025 tax filing. It is important to review all of the changes to the tax code before you file your taxes.
9. Additional Considerations for 2025 Tax Filing
In addition to the tax reforms, there are a few other factors that you should consider when filing your 2025 taxes:
- The IRS is changing its systems: The IRS is in the process of making significant changes to its systems, which could impact how you file your taxes.
- There may be a new tax form: The IRS is considering implementing a new tax form for 2025, which could change how you report your income and deductions.
- There may be new tax credits and deductions: The IRS is also considering implementing new tax credits and deductions for 2025, which could save you money on your taxes.
When Can You Start Filing Taxes for 2025?
The Internal Revenue Service (IRS) generally begins accepting tax returns in mid-January each year. For the 2025 tax year, the filing season is expected to open on January 27, 2026.
You are not required to file your taxes until April 15th or October 15th if you file an extension, but there are many benefits to filing early. By filing early, you can avoid penalties and interest, and you can get your refund sooner.
If you are expecting a refund, the IRS recommends that you file your taxes electronically and choose direct deposit to receive your refund within 21 days.
