The pause between Christmas and New Year’s is a moment when many of us begin to contemplate the looming labors of tax season.
When is the earliest I can file a return? When is the latest? Have the income brackets changed? What about deductions?
Here are answers to 13 common questions that crop up in the weeks before tax season begins.
When is the tax deadline in 2024?
April 15. Tax Day always falls on that date, unless April 15 falls on a weekend or holiday. Next year, it comes on that darkest of days, a Monday.
When does tax season start?
Late January. In 2023, the IRS set January 23 as the official start of tax season, marking the date the agency began accepting 2022 tax returns.
How early can I file my 2023 taxes?
Again, late January. The IRS has not yet set the date it will begin accepting 2023 returns.
What are the new income tax brackets?
Income tax brackets jumped by 7% for 2023. Income tax is progressive: the more you earn, the more you pay as a percentage of your earnings. Each bracket represents a range of incomes subject to a particular income tax rate. Tax brackets will rise again in 2024.
