The tax season officially kicks off Monday, Jan. 29, which marks the first day the IRS will accept and process 2023 tax returns, the agency announced Monday, Jan. 8.
Most taxpayers must file federal returns and pay balances by April 15 to avoid penalties and interest. But the agency urges taxpayers to begin the filing process sooner.
The IRS expects to receive more than 128.7 million individual tax returns by the federal deadline. As of Dec. 29, the average refund for 2023 was $3,167.