Direct File allows some taxpayers to file their returns online directly with the IRS for no cost and is available to about half the country.

If a taxpayer misses the filing deadline, the IRS may impose significant penalties (up to 25% of the amount of the foreign gift or inheritance received).

The IRS expects more than 140 million individual tax returns for the tax year 2024 to be filed before the April 15 federal deadline. More than half of all tax returns are expected to be filed this year with the help of a tax professional, and the IRS urges people to use tips for hiring a trusted tax pro to avoid potential scams and schemes.

When will I receive my refund? If you file your tax return electronically, the IRS says it should take 21 days or less to receive your refund. If you choose to receive your refund with direct deposit,

Tax season began Monday. That's when the IRS officially started accepting tax returns. Many Americans are already counting on refunds. A recent survey conducted by Qualtrics for Intuit Credit Karma found that more than a third of taxpayers rely on their tax refunds to make ends meet.