IRS Now Accepting 2025 Federal Income Tax Returns; Americans Can File for Refunds Until April 15
In a move to streamline the tax filing process, the Internal Revenue Service (IRS) has begun accepting 2025 federal income tax return filings. The agency is now processing returns for this year's taxes, and individuals can expect their refunds to be issued via direct deposit.
For those who missed the initial deadline, there's still time to file their tax returns. Americans have until April 15 to submit their forms, which will determine if they're eligible for a refund. However, those who need more time may request an automatic six-month extension, allowing them to avoid a potential failure-to-file penalty.
Taxpayers living or doing business in areas declared disaster zones by the federal government are entitled to an automatic filing extension. The new deadlines for these individuals will vary depending on the specific disaster and its impact. To find out more about this extension, visit the IRS website.
Given the recent changes made under the One Big Beautiful Bill Act, which was signed into law last July, it's advisable for taxpayers to take extra time when preparing their tax returns. These revisions may affect individuals directly, so they should familiarize themselves with any relevant changes before filing.
According to an announcement from the IRS CEO, Frank Bisignano, information systems have been updated to incorporate the new tax laws and will efficiently process taxpayer returns throughout the filing season. Electronic filing remains the fastest way for taxpayers to receive refunds; those expecting a refund can opt for direct deposit as their payment method.
The IRS has announced its intention to phase out paper checks due to an executive order, Modernizing Payments To and From America's Bank Account. Although specifics regarding exceptions remain unclear, the agency has hinted that options like prepaid debit cards, digital wallets, or limited exceptions may be available.
In a move to streamline the tax filing process, the Internal Revenue Service (IRS) has begun accepting 2025 federal income tax return filings. The agency is now processing returns for this year's taxes, and individuals can expect their refunds to be issued via direct deposit.
For those who missed the initial deadline, there's still time to file their tax returns. Americans have until April 15 to submit their forms, which will determine if they're eligible for a refund. However, those who need more time may request an automatic six-month extension, allowing them to avoid a potential failure-to-file penalty.
Taxpayers living or doing business in areas declared disaster zones by the federal government are entitled to an automatic filing extension. The new deadlines for these individuals will vary depending on the specific disaster and its impact. To find out more about this extension, visit the IRS website.
Given the recent changes made under the One Big Beautiful Bill Act, which was signed into law last July, it's advisable for taxpayers to take extra time when preparing their tax returns. These revisions may affect individuals directly, so they should familiarize themselves with any relevant changes before filing.
According to an announcement from the IRS CEO, Frank Bisignano, information systems have been updated to incorporate the new tax laws and will efficiently process taxpayer returns throughout the filing season. Electronic filing remains the fastest way for taxpayers to receive refunds; those expecting a refund can opt for direct deposit as their payment method.
The IRS has announced its intention to phase out paper checks due to an executive order, Modernizing Payments To and From America's Bank Account. Although specifics regarding exceptions remain unclear, the agency has hinted that options like prepaid debit cards, digital wallets, or limited exceptions may be available.