When Can You Start to File Your Taxes in 2024?

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The start date for filing your taxes is going to be at the end of January. Learn the benefits of filing as soon as possible. 

Filing your taxes isn’t something most people look forward to doing thanks to all of the paperwork involved. But, while it can be a hassle, there are also benefits to getting your tax return in — especially if you are eagerly awaiting a refund from the IRS.

So when can you start to file your 2023 taxes? Here’s what you need to know.

This is when the IRS will begin accepting tax returns

When you file your taxes for 2023, you’ll actually be submitting the forms in 2024. Since you submit your returns after the year ends, that’s always the way things work. You have to submit your paperwork after the year has come to an end, since you’re taxed on all the money you made over the course of the prior year.

The IRS has indicated that it will officially open the 2024 filing season some time in late January, although the exact date has not been announced yet. In 2023, tax-filing season opened on Jan. 23, though, and in 2022, it opened on Jan. 24. So, it is very likely that the IRS is going to open up the door to accepting 2023 returns somewhere around those dates, perhaps as early as Jan. 22 if they stick with the theme of Mondays.

This doesn’t necessarily mean you actually have to wait to hit the submit button until then, though. The IRS also made clear that if you send in your return before the filing season opens officially, it will simply be held until the IRS gets its computers up and running and updated to begin processing the forms.

Should you get your tax return in early?

Getting your tax return sent in early can be a smart move. For one thing, if you are in line for a refund, then submitting your forms ASAP can mean the IRS processes them sooner and deposits your refund in your checking account at an earlier date.

If you send your forms in early, you also reduce the chances of identity theft — which could happen if someone submits a fake return on your behalf — since you’ll be more likely to send in your real 1040 form before a thief can send in a fake one and try to claim a refund they aren’t owed.

You do need to make sure that you’re ready to actually send in your paperwork, though. The IRS deadline for companies to send out important tax forms, like W-2s and 1099s declaring your income, is not until Jan. 31. If you don’t have some of the documents that you need, like information about your income or about deductions you’re eligible for, then you have to wait. Otherwise, you might have to amend your tax return if these forms arrive later on.

Once you have all of the information you need, though, there’s no reason not to get your taxes done and submitted as soon as possible after the January deadline. Just watch for exactly when that deadline is, but expect it to be sometime during that fourth week of January, just as it has been in recent years prior.

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