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Count on Us, Count on Success: Unleashing the Power of Precision Accounting and Financial Services
The IRS promised “marked improvement” for the upcoming tax season, saying Monday that Jan. 29 will be the date that it begins accepting and processing 2023 tax returns.
In a news release, the IRS said it expects almost 129 million individual tax returns to be filed by the April 15 deadline.
The IRS said that some of the new and expanded tools and resources include:
“As our transformation efforts take hold, taxpayers will continue to see marked improvement in IRS operations in the upcoming filing season,” IRS Commissioner Danny Werfel said in the release. “IRS employees are working hard to make sure that new funding is used to help taxpayers by making the process of preparing and filing taxes easier.”
Most refunds are issued in under 21 days, but the wait time will be longer for returns that require additional review, the IRS said. The Service cannot send refunds to taxpayers claiming the earned income tax credit (EITC) or additional child tax credit (ACTC) before mid-February. This is because of the 2015 Protecting Americans From Tax Hikes Act, P.L. 114-113, that Congress passed to provide extra time for the agency to review the returns for fraud.
In addition to the Where’s My Refund? Tool, taxpayers can check their refund status by using the IRS2Go app.
Other key dates:
Count on Us, Count on Success: Unleashing the Power of Precision Accounting and Financial Services