While it’s undeniably early days, the Internal Revenue Service will tell you it’s not too early to think about the income-tax returns for 2024 that will start to come due soon enough. The federal tax collector typically begins accepting and processing tax returns for the prior calendar year in late January,

The IRS will begin processing 2024 tax returns sometime during late January 2025. Another tax filing season is upon us. The IRS has not yet announced the official start date for the season, but the agency typically begins processing new returns the last week of January.

If you are a salaried employee, you must inform your employer about the tax regime you want to opt for during the year. If you fail to do so, it will be assumed that you continue to be in the default

Typically, verification must be done within 30 days. Now since 30 days have elapsed from the time of submission of ITR data, the date of verification will be considered as the date of filing.