The IRS has officially opened the 2025 tax filing season, with taxpayers able to start filing their 2024 returns. Refunds will begin rolling out within 24 hours for electronic filings and four weeks for paper filings. Most refunds are issued within 21 days, but some may take longer. The IRS expects over 140 million individual tax returns to be filed this year.
It’s officially tax season , and as millions file their 2024 taxes, refunds will also begin rolling in. Taxpayers can start checking the status of their refunds within 24 hours after an electronically-filed return is received, according to the IRS . Here’s what to know:The IRS opened the 2025 tax filing season on Monday, Jan. 27 and began accepting and processing federal tax year 2024 returns.
"The IRS expects more than 140 million individual tax returns to be filed ahead of the April 15 deadline. Research has found that a significant number of Americans are financially dependent on their tax refunds, with many citing factors like rising costs of living, inflation, and mounting debt. A recent survey from Intuit Credit Karma found that 37% of Americans depend on tax refunds to cover essentials, including 50% of millennials.
TAXES REFUNDS IRS TAX SEASON FINANCIAL PLANNING
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The IRS will start accepting 2024 federal tax returns on MondayMonday is the first day the agency will start accepting and processing 2024 income tax returns.
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The IRS will start accepting 2024 federal tax returns on MondayMonday is the first day the agency will start accepting and processing 2024 income tax returns.
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