The calendar has flipped to 2025, and Americans will soon be tasked with filing their tax returns for the previous year.
There will be a few changes in the tax code for 2025 that Americans will need to know about, and millions will be wondering when they will need to file their taxes.
Here’s a primer on what to know as we head into the new year.
When can Americans begin filing their tax returns?
The IRS has not yet announced when tax return filing will begin, though typically that date occurs at the end of January.
Prior to that date, the IRS will open up their tax software for the year to allow taxpayers to begin preparing their returns, and the agency has also published a list of tips to help expedite the process, which you can find here.
When is this year’s tax deadline?
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According to the IRS, taxes will be due on their traditional date of April 15 this year, with no holidays to interfere with that date.
How soon can I expect a refund?
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According to the IRS, taxpayers who are eligible for refunds typically receive them within 21 days of filing if they use direct deposit, though it can take up to eight weeks for those who file with paper returns.
There are several things that can delay refunds however, including items that require additional review by the IRS. Those taxpayers who claim the Earned Income Tax Credit or the Additional Child Tax Credit cannot receive a refund until mid-February at the earliest, as the agency has to give additional scrutiny to those returns.
Are there any noteworthy changes to tax returns in 2025?
One big change coming in 2025 will be the issuance of a form called Form 1099-K for taxpayers who received $5,000 or more through online marketplaces or payment apps like Venmo, Zelle, Google Wallet and other services.
According to the IRS, all income received through such sites is taxable, whether or not it hits the $5,000 threshold, and taxpayers will need to report that income whether or not they received the form.
