The IRS Tax Season 2024 has already begun. This means that taxpayers in the United States can now send to the Internal Revenue Service their documentation to get, as soon as possible, the Tax Refund. So if you are in the group of Americans who have the obligation to send the Tax Return you are on time to do it.
The deadline for this process will end on April 15th, 2024. However, there is a possibility to request an extension of time. Anyway, in some states this extension of time exists even without requesting it, although it is only the case of Maine and Massachusetts and the extension is only a few days. But it is good for all citizens to know.
Whether we live in Massachusetts or not, we can ask for an extension of time to file our paperwork with the IRS. So if you are thinking that you may not have enough time before the 15th of April to send your Tax Return you may want to think about whether or not to apply for this extension. Not all Americans who apply for it will get the extension, but it is always a good idea to apply for it if we need it.
How to request the Tax Season extension from the IRS?
To request this time extension we have two options. The most convenient and quickest option is to do it online. Through our IRS account we will be able to access this information and, therefore, we will be able to get this extension of time.
#FriendlyReminder: Be sure to file an #IRS tax return or request an extension by April 15, even if you can’t pay the full amount owed. See: https://t.co/aO7gmxudbN #PuppyBowlXX pic.twitter.com/GUFFLkMJPs
— IRSnews (@IRSnews) February 7, 2024
We can also complete the form physically and then deliver it to one of the offices of the Internal Revenue Service. This process is slower, but it is also effective. So choose the one you like the most and make use of it.
Regardless of whether we ask for the tax extension or not, remember that sending the Tax Return later implies some penalty. So if you ask for the Tax Season extension you will have until October 15, but do not send your documentation later than that date.
If you live in a declared disaster area, you may not have to ask for the extension of time to the IRS, since it would be automatic. Therefore, your Tax Return could be sent later in those areas.
When will I get the Tax Refund?
Tax Refund stimulus checks will arrive 4 to 6 weeks after the Tax Return is sent to the IRS. Therefore, if you are expecting to get this stimulus check soon it is best to send in your Tax Return as soon as possible.
If you are late and send your documentation after the end of the Tax Season you will most likely end up paying a penalty. Also, if you are eligible for the Tax Refund you will get a smaller stimulus check.
Remember that the regular IRS Tax Season ends on April 15th, 2024. With the exception of Maine and Massachusetts, which have until April 17 to submit paperwork. Also, in some declared disaster areas, the time could be extended without any problem.