As we gear up for the 2024 tax season, the Internal Revenue Service (IRS) wants to ensure you’re equipped with the right tools and information. We’ve crafted a list of important tools that you will need to know in 2024. Let’s check it out each one by one.
1. Interactive Tax Assistant: Your Tax Law Guide
Discover the power of the Interactive Tax Assistant on IRS.gov. This user-friendly tool addresses various tax law queries, assisting you in determining filing requirements, choosing the optimal filing status, identifying eligible dependents, and understanding tax credits and deductions.
2. Earned Income Tax Credit Assistant: Maximize Your Refund Potential
The Earned Income Tax Credit (EITC) is a game-changer for low- to moderate-income earners. EITC Assistant simplifies the eligibility check, guides you on qualifying dependents, estimates your credit amount, and helps determine the most suitable filing status.
3. Where’s My Refund?: Real-time Refund Tracking
The majority of tax refunds are processed in under 21 calendar days. If you’re also waiting for your tax refund, then use “Where’s My Refund?” tool by IRS.gov. Track the status of your income tax refund within 24 hours of e-filing. If you opted for a paper return, expect refund details after four weeks. No need for frequent checks; “Where’s My Refund?” updates overnight, ensuring you stay informed without the hassle of checking more than once a day.
4. IRS Individual Online Account: Your Personalized Tax Hub
Create or access your IRS Individual Online Account for a seamless tax experience. Check your balance, view payment history, schedule payments, and access digital copies of IRS notices. If you’re not sure how to do it, you can also contact us. We empower you to take control of your tax-related activities with convenience and efficiency.
5. Identity Protection PIN: Safeguarding Your Tax Identity
An Identity Protection (IP) PIN is a six-digit code that stops others from filing a tax return using your Social Security number or Individual Taxpayer Identification Number. Only you and the IRS organization know this PIN, providing an extra layer of security when filing your taxes electronically or on paper.
The quickest method to get an IP PIN is by using the online Get an IP PIN tool, accessible from Jan. 8 to mid-November. If you don’t have an Individual Online Account on IRS.gov, simply register to confirm your identity and secure your IP PIN. It’s a straightforward way to enhance the safety of your tax filing process.
6. Filing Options on IRS.gov: Your Gateway to Hassle-Free Filing
Navigating your income tax return just got easier with the filing options available on IRS.gov. Consider these professional and streamlined choices:
1. IRS Free File: Enjoy the simplicity of filing electronically for free using IRS Free File. Whether you’re adept at preparing your own taxes or prefer IRS Free File Fillable Forms, you can file your return online or by mail, regardless of your income.
2. Volunteer Income Tax Assistance/Tax Counseling for the Elderly: Connect with local organizations featuring IRS-certified volunteers offering free tax help. This service caters to eligible taxpayers, including working families, the elderly, individuals with disabilities, and those with limited English proficiency.
3. MilTax: Exclusively for military members and certain veterans, MilTax is a Department of Defense program providing free preparation and electronic filing software for federal income tax returns. This service extends to up to three state income tax returns, with no income limit.
4. Direct File Pilot: Experience a new level of convenience with the IRS’s pilot program, Direct File. Eligible taxpayers can file their federal tax returns online, directly and free of charge with the IRS. For more details on eligibility, scope, and participating states, explore Direct File information on IRS.gov.
Make IRS.gov your primary destination for a seamless and professional tax filing experience. Choose the option that suits your needs and ensures a smooth process for your tax return.
Ready to experience stress-free tax services? Book a discovery call with us today and let Crystal Clear Tax be your trusted partner in achieving financial peace of mind.
