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).

It depends on how you file your taxes and how you choose to receive your refund. If you file electronically and your return is accurate and complete, the IRS says it should take less than three weeks to receive your refund and even less time if you choose direct deposit.

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.

The recently ordered hiring freeze at the IRS might have you worried about what will happen to your tax return. This filing method will speed up the process.

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,

Cynthia Holland with Holland’s Tax Services in Petal said taxpayers want to make sure they file every taxable claim. This includes W-2 forms and money borrowed 401k and retirement plans.