Tax season is upon us! The Internal Revenue Service has announced that it will begin accepting 2023 tax returns on January 29, 2024. Keep reading to learn more, including some tips for an easy tax season.

Tax Filing Season Is Set for January 29

The Internal Revenue Service (IRS) has officially announced that the nation’s 2024 tax season will commence on Monday, January 29, 2024. This marks the date when the agency will begin accepting and processing 2023 tax returns.

The IRS is preparing for more than 128.7 million individual tax returns to be filed by the April 15, 2024, tax deadline. 

What You Need To Know

Remember that despite the official start of the tax filing season being set for January 29, you don’t have to wait until then to start working on your taxes.

To help you get started, here are some tips to ensure that your tax season goes as smoothly as possible.

• Organize Your Documents: Gather all your necessary documents such as W-2s, 1099s, receipts for deductions, and other relevant financial records. Having everything in one place will make the process smoother.

• Understand the Changes: Every year tax laws may change. Make sure you’re up-to-date with the latest tax regulations and understand how they may impact your return.

• Consider Professional Help: If your taxes are complex, it might be beneficial to hire a tax professional. They can help you navigate tax laws, find deductions, and ensure your return is filed correctly.

• File Early: The earlier you file, the earlier you’ll get your refund. Plus, filing early can help prevent tax identity theft, as thieves aim to file fake returns before real ones.

• Check Your Filing Status: Your filing status can affect your tax rates and the deductions you’re eligible for. Make sure to choose the one that best fits your situation.

• Don’t Rush: While it’s good to file early, don’t rush through the preparation process. Make sure to double-check all numbers and information to avoid any errors.

JT Tax Services: Taxes Made Easy

When it comes to taxes, knowledge is power. That’s why at At JT Tax Services, we give you the peace of mind that comes with knowing that you are working with experienced professionals with in-depth knowledge of all applicable tax laws and regulations.

We are located in Oxnard, California, contact us today by email (info@jttaxservices.com), telephone (805-984-8890), or through our social media accounts on Facebook, Twitter, and LinkedIn to schedule a consultation or to learn more about our services. Feel free to contact us today!