The IRS reminds taxpayers to file their returns by October 2024.

Well, the Internal Revenue Service would like everyone to know that they have a due date of October 20, 2024, regarding the taxes. This date is very important in ensuring that the tax rules are complied with and to avoid penalties that are set.

Now is the time for you to gather your documents that you have not yet submitted to the IRS and submit them. As a benefit of filing your return, if you do it before the deadline, your tax return will be processed in record time and any refund checks or cash will be issued instantly to you.

Also, achieving this goal on time ensures that your financial situation is not compromised, and you do not have to apply for an extension and file at the last minute. Taxes may seem unimportant but remember that it is also his or her duty to ensure that all his or her taxes are submitted on time.

You are not alone who have put off filing their taxes. With the October reporting extension, a lot of people a lot of people have off put off doing this. The IRS has a message for you that is important if you want to avoid rush on October 15.

IRS Free File

The IRS wants taxpayers to use the IRS free file program. This tool is user-friendly and without any cost as long as the applicant earned $79,000 or less in adjusted gross income. In the summer, you may have more time to file, avoiding last-minute stress.

Also Read: IRS Bonus Payments: All Bonus Payments IRS Have Paid So Far, Plus New Updates

Free File is user-friendly, and available 24/7, making it accessible whenever you’re ready. Give yourself enough time to prepare your taxes and do not file them at the very last moment. If so, you can easily get lost in a number of expensive errors you could never come out from. The time to file is now if you have gathered all your documents.

Interactive Tax Assistant

There is also the IRS Interactive Tax Assistant, which is a source and tool assist anyone in locating answers to tax-related laws and questions. The ITA can be very useful by the time the 15th October approaches.

If you don’t already have an IRS account, now would be a good time to create one. Therefore, this account will have the right to access your tax records, update communication preferences, and make the future payment easy.

Also Read: IRS Tax Credit Schedule for 2024: Dates and Amounts from July to December

Benefits of an Online Account

The IRS Online Account isn’t just for viewing old tax returns. It’s a useful tool that lets you:

• Check on the progress of your return.
• Pay your bills
• Look at your past payments
• Look tax records
• Set up ways to pay

Having this information can be useful to you and save you time and nerves, at least during the period when the due date is close.

Avoid Penalties

It’s very important to pay your taxes on time. Interest can be quite costly, and fees can be also charged, which can build up if they are not paid as per the due dates. If you haven’t paid your taxes yet, then you should pay your taxes as soon as possible. If you file and pay your taxes on time, you won’t have to worry about potential fines.

Check Refund Status

After filing your tax return, you should also check the status on the return. You can use the “Where’s My Refund?” tool from the IRS at https://www.irs.gov/wheres-my-refund. This tool is updated everyday, typically overnight, and can provide you with the latest information on your refund status.

Even if you are using the October delay, it doesn’t have to be stressful to file your taxes. Use tools like IRS Free File and the Interactive Tax Assistant to make sure your tax return is correct and turned in on time. Use the tools available to ensure that the process runs smoothly. Don’t wait until the last minute.

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