The Inside Income Service (IRS) sometimes begins processing digital tax returns in mid-to-late January. For the 2025 tax yr, the IRS has introduced that it’ll begin processing digital returns on January 24, 2025. This can be a slight delay from the earlier yr, when the IRS started processing digital returns on January 23, 2024.
There are a number of advantages to submitting your taxes electronically. First, e-filing is extra correct than paper submitting. The IRS estimates that e-filed returns have an error fee of lower than 1%, in comparison with a 20% error fee for paper returns. Second, e-filing is quicker than paper submitting. The IRS sometimes processes e-filed returns inside 24 hours, in comparison with a number of weeks for paper returns. Third, e-filing is safer than paper submitting. The IRS makes use of encryption to guard your private and monetary info if you e-file.