When Can I Start Filing Taxes for 2023?
The IRS has deemed January 29th, 2024 as the official start date for the 2024 tax season. Once the 29th hits they will officially accept your 2023 tax return.
As soon as you have your forms and paperwork organized, you can get a head start and be part of the 128 million tax returns the IRS expects by April 15th, 2024.
Early birds who have already received all the necessary documentation to file their return might be ready sooner than the 29th. That’s great and tax preparers around the world thank individuals as organized as such, however the IRS will not receive it until they officially open the window on the 29th.
We recommend taking time to ensure your return isn’t missing any important factors. Things like interest income, dividend income, stock income, mortgage interest, property taxes, donations and more shouldn’t be forgotten.
After all, the tax deadline, as always, is April 15th for individual returns.
Important distinction: Business returns for S corps, LLCs, partnerships and non-profits are due March 15th.
In short, you can start preparing your tax return as soon as you have all your documents organized, however the IRS won’t officially accept your 2023 tax return until January 29th, 2024.
Need help getting your paperwork together? Contact us today and we’ll send you a free PDF checklist of everything you need as an individual or business owner to prepare for the upcoming tax season.