What to Know About The 2025 Tax Filing Season

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The 2025 tax season will officially begin soon and the IRS has announced the start date.

Before the end of January, working Americans will have received their tax documents for  2024. Employers have until Jan. 31 to deliver tax documents to employees.

Below are a few facts that you need to know about the 2025 tax filing season.

U.S. taxpayers can file taxes starting Jan. 27. However, before the official start date, you can get ahead on your filing.

The IRS opens its tax software before the start of tax season to allow people to begin preparing their returns. Additionally, the IRS has also published a list of tips to help make the tax filing process smoother. Click here for more details.

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This year, taxpayers who have received more than $5,000 through online marketplaces or payment apps like Venmo, Zelle, Google Wallet, or other services will get a new form called the 1099-K. According to the IRS, the form is only sent to people who use the payment apps for selling goods or providing services.

“However, it could also include casual sellers who sold personal stuff like clothing, furniture and other household items that they paid more than they sold it for,” the IRS stated.

The deadline to file taxes this year is Tuesday, April 15, 2025. Tax Day has been April 15 since 1955, unless the day falls on a weekend or holiday. The IRS says the deadline to file for an extension is April 15. That gives taxpayers until Oct. 15 to file without penalties, but taxpayers must still pay any taxes owed by the April 15 deadline as the extension only applies to filing a tax return.

For people affected by natural disasters, the extension is automatically given.

Extension requests can be completed through the IRS at no additional charge. The IRS will ask for basic information like your name, address, Social Security number, estimated tax liability, and payment if you owe anything.

Despite income, individual tax filers can use IRS Free File to request an extension electronically. If you prefer to mail a paper version of the extension, called form 4868, make sure it’s postmarked no later than April 15.

For people who forget or miss the deadline, the standard penalty is 5% of the tax due for each month the return is late, up to 25% of the unpaid balance.

For more information on the 2025 tax filing season, click here. 

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