what days does irs deposit refunds 2025? What days does irs deposit refunds 2025 calculator?
Tax Time Guide 2025: Essentials needed for filing a 2024 tax return
WASHINGTON — As the 2025 tax filing season continues, the Internal Revenue Service encourages taxpayers to make essential preparations and be aware of significant changes that may affect their 2024 tax returns.
Check Also: IRS Refund Deposit Date Calculator 2025
This announcement marks the commencement of the Tax Time Guide series. The IRS uses this guide to provide updated information to assist taxpayers in filling an accurate return. A wealth of resources and tools is also available on IRS.gov, including a dedicated special free help page accessible 24/7.
The IRS encourages taxpayers to read Publication 17, Your Federal Income Tax (For Individuals), for additional guidance and updates.
Check Also: IRS Refund Deposit Date Calculator 2025
Tips for filing an accurate tax return
The deadline for submitting Form 1040, U.S. Individual Income Tax Return, or 1040-SR, U.S. Tax Return for Seniors, is April 15, 2025. To avoid mistakes and potential processing delays, taxpayers should refrain from filing until they have received all necessary tax documents. Taxpayers should always carefully review documents for inaccuracies or missing information. They should immediately contact their employer or payer to request a correction if issues arise.
The IRS recommends taxpayers create an IRS Online Account, which provides secure access to their tax information, including payment history, tax records and other key information. Maintaining digitally organized tax documents can streamline the preparation of a complete and accurate tax return and may help identify overlooked deductions or credits.
Taxpayers who have an individual taxpayer identification number or ITIN may need to renew it if it has expired. The IRS can accept a tax return with an expiring or expired ITIN, but there may be processing delays.
Check Also: IRS Refund Deposit Date Calculator 2025
Updates to Additional Child Tax Credit for tax year 2024
The maximum Additional Child Tax Credit (ACTC) amount has increased to $1,700 for each qualifying child.
Bona fide residents of Puerto Rico are no longer required to have three or more qualifying children to be eligible to claim the ACTC. Bona fide residents of Puerto Rico may be eligible to claim the ACTC if they have one or more qualifying children.
The IRS cannot issue refunds before mid-February 2025 for returns that properly claim the ACTC. This time frame applies to the entire refund, not just the portion associated with the ACTC.
Check Also: IRS Refund Deposit Date Calculator 2025
Other changes for tax year 2024
Standard deduction amount increase. For 2024, the standard deduction amount has been increased for all filers. The amounts are:
Single or married filing separately — $14,600.
Head of household — $21,900.
Married filing jointly or qualifying surviving spouse — $29,200.
Child Tax Credit enhancements. Taxpayers eligible for the Child Tax Credit should not wait to file their 2024 tax return. If Congress changes the CTC guidelines in the future, the IRS will automatically adjust for those who have already filed. No additional action will be needed by those eligible taxpayers.
Check Also: IRS Refund Deposit Date Calculator 2025
Under current law for tax year 2024, the following currently apply:
The initial amount of the CTC is $2,000 for each qualifying child. The credit amount begins to phase out where adjusted gross income (AGI) income exceeds $200,000 ($400,000 in the case of a joint return).
A child must be under age 17 at the end of 2024 to be a qualifying child.
Changes to the Earned Income Tax Credit (EITC). To claim the EITC without a qualifying child in 2024, taxpayers must be at least age 25 but under age 65 at the end of 2024. If a taxpayer is married filing a joint return, one spouse must be at least age 25 but under age 65 at the end of 2024.
Taxpayers may find more information on various child tax credits in the Instructions for Schedule 8812 (Form 1040).
Adoption Credit. The Adoption Credit and the exclusion for employer-provided adoption benefits are both $16,810 per eligible child in 2024. The amount begins to phase out if taxpayers have a modified AGI in excess of $252,150 and is completely phased out if their modified AGI is $292,150 or more. For more information, see Form 8839 PDF and Instructions for Form 8839.
Clean Vehicle Credit. The Clean Vehicle Credit is reported on Form 8936 and Schedule 3 (Form 1040), line 6f. For more information, see Form 8936, Clean Vehicle Credit.
Check Also: IRS Refund Deposit Date Calculator 2025
Previously owned Clean Vehicle Credit. This credit is available for previously owned clean vehicles acquired and placed in service after 2022. For more information, see Form 8936, Clean Vehicle Credit.
More information on these and other credit and deduction changes for tax year 2024 may be found in Publication 17, Your Federal Income Tax (For Individuals), taxpayer guide.
IRA contribution limit increased
Beginning in 2024, the IRA contribution limit is increased to $7,000 ($8,000 for individuals aged 50 or older) from $6,500 ($7,500 for individuals aged 50 or older) the prior year.
1099-K reporting requirements have changed for tax year 2024
The reporting threshold for 2024 has changed. Third-party settlement organizations (TPSOs), also known as payment apps and online marketplaces, are now required to report transactions when the amount of the total payments for those transactions in 2024 was more than $5,000. The IRS has issued Notice 2024-85 providing transition relief for TPSOs. To understand what to do, taxpayers should become familiar with Form 1099-K.
Free filing options
IRS Free File, available only through IRS.gov, offers eligible taxpayers brand-name tax preparation software packages to use at no cost. Some of the Free File packages also offer free state tax return preparation. The software does all the work of finding deductions, credits and exemptions.
Taxpayers who are comfortable preparing their own taxes can use Free File Fillable Forms, regardless of their income, to file their tax returns either by mail or online.
Direct File is an option for taxpayers to file federal tax returns online—for free—directly and securely with the IRS. Direct File is a filing option for taxpayers in participating states who have relatively simple tax returns and report only certain types of income and claim certain credits and deductions. Go to IRS Direct File to find more information, including updates to the list of states who have joined and the new tax situations Direct File has added to the service for the 2024 tax year.
MilTax is a free tax resource available to the military community, offered through the Department of Defense. There are no income limits. MilTax includes tax preparation and electronic filing software, personalized support from tax consultants and current information about filing taxes. It is designed to address the realities of military life—including deployments, combat and training pay, housing and rentals, and multi-state filings. Eligible taxpayers can use MilTax to electronically file a federal tax return and up to three state returns for free.
VITA and TCE. The IRS's Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE) programs offer free basic tax return preparation to qualified individuals. To locate the nearest VITA or TCE site, use the VITA Locator Tool or call 800-906-9887.
Comprehensive information on these and other changes for tax year 2024 are found on Publication 17, Your Federal Income Tax (For Individuals), and on IRS.gov.
Tax filing season in the United States is underway, but concerns are growing that tax refunds may be delayed due to anticipated staffing cuts at the Internal Revenue Service (IRS). President Donald Trump has signaled his intent to implement significant cuts to the agency, a move that Democratic Senators argue could negatively impact taxpayers.
"Staffing reductions at the IRS resulting from Trump's hiring freeze and potential layoffs would likely delay tax refunds, harm taxpayer service, and undermine law enforcement efforts," Democratic Senators warned in a letter to the Trump administration on Tuesday (February 18). They stressed the importance of keeping the IRS fully staffed to ensure smooth operations during tax season.
Experts advise filing early
Tax experts believe these concerns are valid, emphasising the importance of filing early to avoid potential refund delays. The IRS began accepting tax returns on January 27 and will continue processing them until the April 15 deadline.
"Your refund can be very fast indeed if you receive it by direct deposit, but those promises were made a few weeks ago before the agency knew of the cuts, so it's very hard to say what the impact will be," said Vanessa Williams, a senior fellow at the Urban-Brookings Tax Policy Center, in an interview with CBS.
Longer wait times for customer service
Taxpayers reaching out for assistance may experience longer hold times and slower customer service as a result of the cuts.
"I always advise people to do their taxes as early as they can, partly because hackers can get their Social Security numbers and file false tax returns," financial adviser Katie Brewer told CBS MoneyWatch. She added that the expected cuts could further strain IRS customer service, making it more difficult for taxpayers to get their questions answered.
Check Also: Does where's my refund update on weekends? When is Where's My Refund available?
2025 Tax Refund Delays: Why your IRS refund is late, here's all what you need to know about IRS refund timelines...
Discover how to qualify for the IRS’s $1,400 stimulus payment, when to expect it, and steps to take if you missed out. Get detailed answers to all your questions and ensure you don’t miss out on the financial relief you're entitled to.
.jpg "2025 Tax Refund Delays: Why your IRS refund is late, here's all what you need to know about IRS refund timelines")
IRS’s $1,400 Stimulus Payment: The COVID-19 pandemic has had a far-reaching impact on the financial well-being of millions of Americans, leading to the introduction of various relief programs, including stimulus payments. Among these efforts is the IRS’s $1,400 stimulus payment, which has been a key component in providing much-needed financial relief to those who may have missed out on previous Economic Impact Payments (EIPs). If you haven’t received your payment yet or are unsure whether you qualify, this article will walk you through everything you need to know, from eligibility criteria to payment dates.
The IRS has initiated a second round of $1,400 stimulus payments to help those who failed to claim the Recovery Rebate Credit on their 2021 tax returns. This payment is part of the government’s continued support for individuals and families affected by the ongoing pandemic. For many, this payment could serve as a critical lifeline.
In this guide, we’ll explore the eligibility criteria for the IRS’s $1,400 stimulus payment, provide an updated timeline for payments, explain how to claim the payment, and offer practical advice on how you can avoid missing out. Whether you’ve already received your payment or are unsure about your eligibility, we’ve got you covered.
IRS’s $1,400 Stimulus Payment
The $1,400 stimulus payment is a significant opportunity for many taxpayers who missed out on previous Economic Impact Payments. If you meet the eligibility requirements, make sure to file your 2021 tax return before the April 15, 2025 deadline to claim the Recovery Rebate Credit.
What Is the IRS’s $1,400 Stimulus Payment?
The $1,400 stimulus payment is part of the U.S. government’s continued effort to provide financial relief to individuals who were adversely affected by the COVID-19 pandemic. The government used the Economic Impact Payment (EIP) program to issue a series of payments, but some people may have missed out on their full benefit. To ensure everyone receives their rightful payment, the Recovery Rebate Credit was introduced, allowing eligible individuals to claim the money on their tax returns.
However, millions of taxpayers either failed to claim the credit or made mistakes in their 2021 tax filings, leaving them without their $1,400 stimulus. In response, the IRS is issuing a second round of payments to those who didn’t receive their full Economic Impact Payment in 2021. This is essentially a catch-up payment for people who were eligible but never received the full amount.
Where's your tax refund? How to track it, 2025 tax year updates, brackets, deductions check more details here...
Looking for your tax refund? You have to file a return first, and taxpayers have less than two months before the April 15 filing deadline.
Tax deductions and credits could boost your refund when you file your return. This includes student loan interest deductions and standard deductions that can be taken.
Where is my refund? How to check your 2025 tax refund status
Taxes filed online should receive a refund roughly one month or less from the filing date, according to the IRS. The agency says that it usually takes up to 21 days to process an e-filed return, or longer for amended returns and returns sent by mail.
If you filed your return online, the IRS notes that you can typically check your refund status soon after you file using the Where's My Refund tool, which provides a personalized refund date. According to the IRS, you can start checking the status within 24 hours after you e-file a current-year return, 3–4 days after e-filing a prior-year return, and 4 weeks after filing a paper return.
The refund tracker displays three status types: Return received, refund approved, and refund sent.
What is a standard deduction on your taxes? Who is eligible for it?
A standard deduction refers to a specific dollar amount that decreases the amount of taxable income, according to the IRS. Unlike an itemized deduction that lists specific expenses, a standard deduction is a fixed amount, which most taxpayers now qualify for.
What are the new standard deductions for tax year 2024?
Most taxpayers take the standard deduction, USA TODAY reports, which lets you subtract a set amount from your income based on your filing status. The standard deduction for 2024 is as follows:
- $14,600 for single filers or those married but filing separately
- $29,200 for married couples filing jointly or a qualifying surviving spouse
- $21,900 for heads of households
What are the tax brackets for tax year 2024?
Federal income tax brackets define the percentage of your income paid in the form of taxes. According to the IRS, the more money you earn, "the tax rate on the next layer of income is higher."
If your income moves you into a higher tax bracket, this doesn't mean that the corresponding tax rate is applied to your entire income. The IRS notes that you'll pay the higher rate only on the portion that's in the new tax bracket, meaning that only money that lands in that bracket is taxed at that rate.
What are the IRS tax rates for tax year 2024? See rates for individual, joint filers.
What is the IRS 2025 tax filing deadline? How to request an extension
The deadline to file a federal return with the IRS is April 15, 2025.
You can request an extension by the April tax filing due date if you need more time, and this gives you until October 15 to file without any penalties.
What is Ohio's tax filing deadline?
For state taxes, the deadline in Ohio is also April 15, with an extension filing deadline of October 15, 2025.
How soon can I file taxes in 2025?
You can start filing now. The 2025 tax filing season started Jan. 27, and the IRS is accepting tax returns up until the deadline on April 15.
Where to find a tax refund estimator
Tax services such as TurboTax, H&R Block, NerdWallet and AARP offer federal tax refund estimators.
Check Also: When are taxes due in 2025? What is the Ohio deadline? Read Important details here
Who Is Eligible for the $1,400 Stimulus Payment?
Eligibility for the IRS’s $1,400 stimulus payment depends on whether you qualify for the Recovery Rebate Credit, and here’s a breakdown of who is eligible:
You must have filed a 2021 tax return: Even if your income was low or nonexistent, filing a tax return is crucial. The IRS uses your 2021 tax return to determine your eligibility for this payment.
You didn’t receive the full amount of previous EIPs: Many individuals may have been partially paid or missed out on their Economic Impact Payments in 2021. If you were eligible for a payment but didn’t get the full amount, this payment is for you.
Income limits apply: Individuals earning up to $75,000 annually (or $150,000 for married couples filing jointly) are eligible for the full $1,400. For higher-income earners, the payment gradually decreases and phases out entirely for individuals earning more than $80,000 (or $160,000 for joint filers).
You must be a U.S. citizen or permanent resident: Only U.S. citizens or qualified residents are eligible to receive the stimulus payment.
Dependents: If you have dependent children, you may be eligible for additional funds. The stimulus is typically provided to individuals and families based on the number of dependents you claim.
If you meet these criteria, there’s a good chance you will qualify for the $1,400 payment, as long as you didn’t claim the Recovery Rebate Credit or missed out on a previous payment.
How Will You Receive the $1,400 Stimulus Payment?
For eligible individuals, the IRS will automatically send the $1,400 payment—you won’t need to apply for it. Here’s how payments will be distributed:
Direct Deposit: If the IRS has your bank account information from your 2021 tax return, they will deposit the $1,400 stimulus payment directly into your account. Direct deposits are the quickest way to receive your payment.
Paper Check: If the IRS doesn’t have your banking details, or if you’ve previously received a paper check, the payment will be sent via mail to the address listed on your tax return.
Payments started in December 2024 and continued into January 2025. You can expect the $1,400 payment soon if you qualify, and it will be sent to the address or bank account listed on your most recent tax return.
What Should You Do If You Missed the $1,400 Stimulus Payment?
If you haven’t received your payment or were unsure whether you qualified, here are the next steps:
File your 2021 tax return: If you didn’t file your taxes in 2021, you’ll need to do so in order to claim the Recovery Rebate Credit. The IRS has extended the deadline to April 15, 2025, for those who missed out. You can still file your taxes and claim the credit.
Use the IRS “Get My Payment” tool: This online tool will help you track the status of your payment. It will show whether your payment has been issued or is still pending. You can find it on the IRS website.
Check for errors: Make sure your income and dependents are accurately listed on your tax return. If any information is incorrect, it could delay the processing of your payment.
Contact the IRS: If you believe you’re eligible for the payment but haven’t received it, contact the IRS. They can provide guidance and help resolve any issues.
What About Those Who Haven’t Filed Their Taxes Yet?
Even if you haven’t filed your 2021 tax return, you may still be eligible for the $1,400 stimulus payment. However, you must file your return by the April 15, 2025 deadline in order to claim the Recovery Rebate Credit.
Tax Tips to Ensure You Receive the Stimulus Payment
If you want to ensure you receive your $1,400 stimulus payment, consider these tax tips:
File early: Don’t wait until the last minute to file your taxes. Filing early gives the IRS more time to process your return and issue your payment.
Keep your records up-to-date: Make sure your address and bank account information is current. The IRS uses the data from your 2021 return to send the payment.
Consider e-filing: Filing online can speed up the processing of your tax return, helping you get your payment faster.
There's still time to file your taxes, but the tax filing deadline can sneak up on you if unprepared.
When are taxes due this year? Here's what to know to avoid last-minute mistakes when doing your return.
When are taxes due in 2025? How to request an extension
The deadline to file a federal return with the IRS is April 15, 2025.
You can request an extension by the April tax filing due date if you need more time, and this gives you until October 15 to file without any penalties. The IRS notes that an extension to file is not an extension to pay, meaning that payments are still due by April 15, even if an extension is requested.
Brif Info
- Last Date: 15 April 2025
- Link: https://tax.ohio.gov/individual/filing-season-central
- If taxpayers missed the deadline to file a federal tax return, the IRS can help: https://www.irs.gov/newsroom/if-taxpayers-missed-the-deadline-to-file-a-federal-tax-return-the-irs-can-help
Read Also: IRS provides tools for 2025 tax season
What happens if I miss the tax filing deadline?
The IRS recommends filing as soon as you can to minimize penalties.
There is a standard penalty of 5% of the tax due for every month the return is late (up to 25% of the unpaid balance), according to USA TODAY. A smaller penalty of 0.5% is added if you file a return without paying any taxes owed, or if you get an extension on your return but fail to pay your owed taxes.
What is Ohio's tax filing deadline?
For state taxes in Ohio, the deadline is also April 15, with an extension filing deadline of October 15, 2025.
How soon can I file taxes in 2025?
You can start filing now. The 2025 tax filing season started Jan. 27, and the IRS is accepting tax returns up until the deadline on April 15.
The 2025 tax season in the United States is about to begin, and with it come important deadlines that taxpayers must take into account to avoid penalties and optimize their refunds.
The Internal Revenue Service (IRS) has set January 27 as the start date for filing returns, while the main deadline will be April 15. However, there are exceptions and extensions for certain specific cases.
Who must file a return with the IRS?
Filing taxes is mandatory for most U.S. citizens and permanent residents who work in the country. Factors such as gross income, marital status, age, and whether the person is a dependent must be taken into account. According to the IRS, you will be required to file a return if:
- Your gross income exceeds the filing threshold.
- You have earned more than $400 in net earnings from self-employment.
- You are dependent and meet certain established conditions.
- You wish to submit it voluntarily to access tax benefits.
2025 tax season: key dates to consider
- January 31, April 30, and July 31: Quarterly payroll tax and excise tax returns.
- March 17: Deadline for declarations of civil companies and corporations.
- May 15: Deadline for tax-exempt organizations filing returns.
- April 15, June 16, and September 15: Estimated tax payment due dates.
- October 15: Deadline for those who requested an extension.
Exceptions and extensions
Tax refund and electronic filing
The Internal Revenue Service (IRS) has been granting refunds of up to $1,400 per person to eligible taxpayers through the Recovery Rebate Credit.
However, not everyone can access this benefit. The deadline to claim this credit is April 15, 2025, and in this note we explain the reasons why you could be excluded.
Check Also : IRS Tax Refund Calendar 2025: When is it your turn?
Requirements and exclusions for receiving the IRS refund
The 2021 Recovery Rebate Credit was based on the third round of Economic Impact Payments, which were advance payments of this benefit. While many people have already received these funds, some taxpayers may still qualify if they file their tax return before the deadline. However, there are certain cases in which eligibility is ruled out.
1. Income too high
One of the main reasons why a person is not eligible to receive the $1,400 IRS refund is having an adjusted gross income (AGI) above the limits established by the IRS for the 2021 tax year:
- $80,000 for single taxpayers or married taxpayers filing separately.
- $120,000 for heads of household.
- $160,000 for married couples filing jointly.
2. Having been declared as a dependent
If someone else claimed you as a dependent on their 2021 tax return, you cannot file for a refund on your own. However, dependents over the age of 17 may qualify for the stimulus payment if they meet the other eligibility criteria set by the IRS.
3. Lack of a valid Social Security number
The IRS requires applicants to have a valid Social Security number (SSN) to claim the credit. This excludes undocumented individuals, nonresidents, and those who file taxes with an Individual Tax Identification Number (ITIN). However, if someone obtained an SSN before the due date for their 2021 return, they may be eligible for the credit.
4. Death of the taxpayer before 2021
If a person died before January 1, 2021, they do not qualify for the Recovery Rebate Credit. If you received a payment on behalf of a deceased person, the IRS requests that the amount be returned. However, if the person died in 2021 or 2022 and met the requirements, they may have been eligible for the benefit.
Read Also: Tax Refund 2025: How to Get Your Tax Refund Faster? check more details here.
Can I still claim my tax refund?
If you didn't file your 2021 tax return, you may still qualify for a refund . The IRS has set a deadline of April 15, 2025, for eligible taxpayers to claim the $1,400 payment. To do so, you must file the appropriate return and make sure you meet the required requirements.
With this information, taxpayers can determine if they qualify for the Recovery Rebate Credit and take appropriate action before the IRS deadline.
Read also : Tax season 2025: Who doesn't file their taxes and what is the income limit?
