Tax Season to Open on January 23 for Individual Filers

Tax Season to Open on January 23 for Individual Filers


Geber86 / GettyIt’s official: The tax season kicks off for individual filers on Jan. 23, the IRS announced Thursday.For most taxpayers, you must file your federal return and pay your balance by April 18 this year to avoid racking up penalties and interest.“This filing season is the first to benefit the IRS and our nation’s tax system from multi-year funding in the Inflation Reduction Act,” said acting IRS Commissioner Doug O’Donnell. “With these new additional resources, taxpayers and tax professionals will see improvements in many areas of the agency this year.“More from Personal Finance:Here’s the inflation breakdown for December 2022 — in one chartIRS to start 2023 tax season stronger, taxpayer advocate saysSocial Security checks to include 8.7% cost-of-living adjustment this monthWhile the IRS typically issues tax refunds in less than 21 days, the agency has warned taxpayers not to rely on receiving their 2022 federal refund on a specific date. The agency says some returns may require “addi …

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