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As tax season kicks off, many taxpayers are eager to streamline their filing processes and maximize their refunds. One significant trend taking shape in 2025 is the introduction of state-specific initiatives allowing residents to file their taxes directly with the IRS for free. Are you ready to learn about the new IRS refund tracker and how it can benefit you? Read on.
Wisconsin is one of the states leading this change with its new tool that benefits local residents. Taxpayers can now access free software that makes it easier for them to send their returns directly to the IRS. According to state officials, this initiative is designed to simplify a process that can often feel daunting, allowing residents to file their state taxes seamlessly alongside their federal filings.
David Casey, the secretary of the Wisconsin Department of Revenue, notes that the new IRS Direct File system is “easy, secure, and free.” This means that many Wisconsinites can file their taxes without worrying about fees typically charged by tax software services. Furthermore, the system helps individuals determine which tax credits they may be eligible for, ensuring that potential savings are not overlooked.
One of the critical changes this tax season is the increase in federal deductions. The standard deduction for individual filers has increased to $14,600, while married couples filing jointly can benefit from a standard deduction of $29,200. This increase reduces the taxable income for many, allowing individuals to retain more of their hard-earned money.
For Illinois residents, the benefits extend beyond federal deductions. The state has introduced new tax credits for those earning less than $66,819, which can potentially enhance their overall refunds. Additionally, taxpayers with children under 12 may also qualify for a new state child tax credit, providing further financial relief.
As you consider filing your taxes, it is essential to remain vigilant about identity theft and scams. Steve Bernas from the Better Business Bureau highlights the importance of choosing a reputable tax preparer and cautions taxpayers to be wary of temporary tax preparation businesses that pop up right before tax season. Protecting your personal information is crucial to avoiding issues related to fraudulent filings.
One of the most helpful resources available this tax season is the IRS refund tracker. This tool allows you to check the status of your tax refund, which is particularly useful after filing your return electronically. Here are some essential points to remember about using the refund tracker:
- The tracker can be accessed 24 hours after electronically filing your tax return.
- For those who filed a paper return, you must wait four weeks before checking your status.
- To utilize the tracker, you will need your Social Security Number, filing status, and the exact amount of your expected refund.
With the filing deadline of April 15 approaching, it’s advisable to file your taxes as soon as possible. Early filing can help prevent potential identity theft issues, as scammers often use stolen Social Security Numbers to file fraudulent returns.
In summary, this tax season brings promising changes that can simplify the filing process and potentially boost your tax refunds. With the new IRS refund tracker, taxpayers can monitor their refunds and receive updates with ease. Don’t miss out on free filing options and the various tax credits available this year. Stay informed and empowered as you approach this tax season!
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