WASHINGTON, D.C. — The Internal Revenue Service (IRS) has introduced a new feature designed to simplify tax filing for individuals by incorporating critical information return documents into IRS Individual Online Accounts. As part of its modernization efforts, the IRS aims to enhance taxpayers’ ability to securely access necessary tax records in a single digital location.
The initial rollout includes the inclusion of Form W-2, Wage and Tax Statement, and Form 1095-A, Health Insurance Marketplace Statement, for tax years 2023 and 2024. These forms can now be found under the “Records and Status” section within the taxpayer’s Online Account. Future updates will expand the types of information return documents available as the IRS continues its commitment to improving access to essential tax documents.
Adding these documents represents a significant step forward in simplifying tax planning and recordkeeping. “Adding information returns like the Form W-2 to the IRS Individual Online Account makes keeping track of critical tax planning information even simpler,” the agency stated.
How the New Feature Works
The information returns accessible through Online Accounts are documents filed by entities such as employers, governmental agencies, and financial institutions. They help taxpayers prepare accurate returns by providing key financial details. These records will only be available to the individual named on the return. For those filing jointly, each spouse must log into their separate IRS Online Account to view their own documents.
It is important to note that these digital records do not include state or local tax information, including details reported on the Form W-2. Taxpayers should continue to retain the original paper records mailed to them by reporting entities for any state or local data requirements.
Key Features of the Online Account
Beyond access to Forms W-2 and 1095-A, the IRS Individual Online Account provides numerous other functionalities aimed at making tax management more efficient. Users can view summaries of their most recent tax returns, retrieve identity protection PINs, check refund statuses, and access tax transcripts, including wage and income records.
Additional capabilities include signing tax forms, updating personal preferences such as language or alternative media options, receiving over 200 types of IRS notices electronically, and managing payments or payment plans. The system also supports individuals in staying informed about their tax obligations year-round.
Filing Deadlines and Guidance on Missing Documents
While this digital enhancement provides greater convenience, the IRS reminds taxpayers that they should file their returns on time, even if information return documents are missing or incorrect. For taxpayers encountering such issues, the IRS advises contacting the relevant employer, issuer, or agency to request corrected forms.
The filing deadline for the upcoming tax season is April 15, 2025, for most individual taxpayers. Prompt attention to missing documents or errors will ensure a smoother filing process and help avoid unnecessary delays or complications.
A Milestone in Taxpayer Service Modernization
This new feature signals continued progress in the IRS’s broader strategy to modernize its systems and improve taxpayer experiences. By streamlining access to vital records and offering a centralized digital platform, the IRS is equipping individuals with the tools they need to manage their taxes more effectively.
With additional enhancements planned for the IRS Individual Online Account in the coming months, taxpayers can expect even more streamlined solutions. Through sustained innovation, the IRS demonstrates its dedication to building a more efficient and user-friendly tax system, ensuring that it meets the evolving needs of today’s taxpayers.
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