It’s that time of year again. Taxes for the 2024 filing season are due Monday.
Already, the Internal Revenue Service has processed more than 100 million individual tax returns, the agency said Monday. It expects tens of millions more will be filed before Monday’s midnight deadline. Another 19 million taxpayers are expected to file extensions.
Those who file extensions will need to submit their returns by Oct. 15. The agency cautioned that a filing extension does not extend taxpayers’ obligation to pay what’s due by the April 15 deadline.
Those who are in a federally declared disaster area, members of the military stationed abroad or serving in a combat zone, or citizens living outside the U.S. are automatically granted extensions. Others can file extensions by using the IRS online payment option, Free File, or mailing/e-filing Form 4868.
The average refund so far has been $3,011 — 4.6% more than last April, when the average was $2,878. Since January, the IRS has sent out more than $200 billion in refunds.
The agency’s new, free tax-filing service, Direct File, has helped more than 60,000 people file returns for free in the 12 states where it is being offered. The system is available to 19 million taxpayers with simple tax situations in Arizona, California, Florida, Massachusetts, New Hampshire, Nevada, New York, South Dakota, Tennessee, Texas, Washington and Wyoming.
The IRS has several online self-help tools it is offering to those who still need to file their 2023 taxes.
Susan Carpenter
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