WASHINGTON, D.C. — The Internal Revenue Service (IRS) has outlined six key recommendations to assist taxpayers in preparing their 2024 tax returns efficiently and accurately. These practical tips aim to reduce errors, avoid delays, and maximize available resources for a smoother filing experience.
The first step for taxpayers is to gather all necessary documents and records before filing. Crucial items include Social Security numbers, W-2 forms, 1099s, records of digital asset transactions, and letters from the IRS regarding deductions or credits. Missing or incomplete documents can lead to errors or missed credits, potentially delaying processing and refunds.
Taxpayers are also reminded to report all types of income, including wages from part-time work, investments, or goods sold on online platforms. Failure to report all income could result in receiving notices or bills from the IRS.
Filing electronically with direct deposit is strongly encouraged over submitting paper returns. Electronic filing is the fastest, most error-free method, as tax software automates calculations and flags missing information. Additionally, “paper refund checks are 16 times more likely to have an issue, like the check being lost, misdirected, stolen or uncashed,” according to the IRS.
The IRS offers a variety of free tools to make filing simpler. Taxpayers earning $84,000 or less can take advantage of IRS Free File for guided preparation and e-filing. The Direct File service, now available in 25 states, offers another free option for eligible users. For those who are comfortable preparing their own taxes, Free File Fillable Forms provide an electronic alternative to paper forms. Community-based resources, such as Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE), offer one-on-one help for qualifying taxpayers, including seniors and individuals with disabilities. Members of the military and veterans can utilize MilTax, which provides free federal and state filing options without income limits.
Taxpayers should carefully assess their comfort level with tax preparation to decide whether to file personally, use online filing services, or consult a professional. While most tax preparers are reputable, the IRS warns against “ghost preparers” who fail to sign filed returns. To assist in finding qualified professionals, taxpayers can use the IRS Directory of Federal Tax Return Preparers.
Lastly, the IRS encourages taxpayers to use its 24/7 online tools at IRS.gov to get answers, check refund statuses, or make payments without the need for scheduled visits or wait times. Resources like the Interactive Tax Assistant and “Let us help you” pages provide valuable guidance.
By adopting these strategies, taxpayers can minimize complications and avoid common pitfalls during tax season. These proactive steps, combined with the array of tools and resources available, highlight the IRS’s efforts to help taxpayers file accurately and on time. Looking ahead, taxpayers are urged to utilize these recommendations for a seamless filing experience. For more information, visit IRS.gov.
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