Related Story

    IRS Begins 2025 Tax Season, Expands Free Direct File Program to 25 States Ahead of April 15 Deadline

    IRS Begins 2025 Tax Season, Expands Free Direct File Program to 25 States Ahead of April 15 Deadline

    101 postsEconomicsBusinessUnited States

    The Internal Revenue Service (IRS) officially began accepting and processing 2024 federal income tax returns on Monday, January 27, 2025, marking the start of the 2025 tax season. Taxpayers have until Tuesday, April 15, 2025, to file their returns. The IRS expects to receive over 140 million tax returns by the deadline. The IRS has expanded its free tax filing program, Direct File, now available in 25 states, including California, New York, Texas, Florida, Illinois, Pennsylvania, and Massachusetts. Eligible taxpayers can file their federal taxes online directly with the IRS at no cost, often in just minutes. The service offers live chat assistance in English and Spanish. Officials are urging taxpayers to prepare by collecting all necessary documents before filing, using direct deposit to receive refunds faster, and utilizing free resources such as Volunteer Income Tax Assistance. Taxpayers are also advised to be cautious of scams during tax season and to use trusted tax professionals or official IRS resources.

    Related Polymarket Markets

    No similar markets found

    This could indicate a unique market opportunity that hasn't been explored yet.