Declutter Your Tax To-Do List: Tips for a Streamlined 2024
Boston Financial Advisory Group
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The holiday decorations may be just hitting store shelves, but savvy taxpayers know – tax season is right around the corner! Get ready to file your 2023 tax returns as the Internal Revenue Service (IRS) officially opens the filing season on January 29, 2024.?
Key Dates to Remember:?
Filing Deadline:?Most individuals have until?April 15, 2024?to file their federal tax returns.?This applies to both electronic and paper filings mailed by that date.?
Extension Deadline:?Need more time??Don't fret!?You can request an automatic six-month extension until?October 15, 2024,?easily completed electronically on the IRS website or by filing Form 4868.?
Good News for Filers:?
Free File for All:?Take advantage of the IRS Free File program,?offering free electronic filing services to most taxpayers.?Access it directly from the IRS website starting?January 12, 2024.?
Speedy Refunds:?Expect most refunds to arrive within 21 days of electronic filing or mailing your return.?Remember,?this timeframe can vary depending on individual circumstances.?
Stay Informed, Stay Compliant:?
While major changes to the federal tax code for 2023 are absent, keep an eye out for potential updates and tweaks closer to the filing season. Additionally, state and local tax changes could impact your filing. Bookmark the IRS website, subscribe to their email alerts, and check your state's tax department website for the latest information.?
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Making Tax Season Smooth Sailing:?
At Boston Financial Advisory Group, we believe tax season shouldn't be a source of stress. Our team of experienced tax professionals is here to guide you through the process, ensuring accuracy, maximizing your deductions, and helping you navigate any complexities.?
Reach out to us today to:?
Don't let tax season catch you off guard! Bookmark the IRS site, explore Free File options, and remember, Boston Financial Advisory Group is always here to support your financial journey, tax season included.?
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