Tax Season is Here

FOR IMMEDIATE RELEASE | Contact: Olivia Porcaro 202-225-6165

My fellow Oklahomans, it is officially tax filing season.

As an American who has been filing my taxes for many years, I know this can often feel like a daunting task. Therefore, I want to provide you with some information, tips, and resources to ensure you are well prepared for an easy and timely tax filing process.

First, it is critical to file your tax returns on or before April 15, 2025 to avoid late penalties and interest. That being said, I’d recommend taxpayers create an IRS Online Account, where they will be able to access information they need about their federal tax account, including payments, tax records, and more, in advance. This will help taxpayers avoid unnecessary delays when filing due to missing tax documents. You can create your IRS Online Account here.

However, if for any reason you do need more time to file, you can request an extension. This must be done by the April filing deadline. You can request an extension here.

Filers should also be aware of important changes the IRS has made for this tax year. These changes include an increase in the additional child tax credit amount, an increase in the standard deduction amount, the discontinuation of the purchase savings bonds, an increase in the IRA contribution limit, and more. Before filing your taxes, make sure to be informed of these changes to ensure they do not affect you personally. You can find all the changes here.

It is also important to note that members of the military have special tax situations and benefits. For example, if you serve in one of the combat zones recognized by the IRS, you may be able to exclude combat income from taxation. To find out more tax information for members of the military, click here.

Former military members also have specific rules. If you are a veteran and receive certain benefits or compensation from the Department of Veterans Affairs, you may exclude them from your taxable income. This includes disability benefits, education benefits, and compensation for lump-sum payment. Learn more here.

Taxpayers who are seniors, have a disability, need language support, or earn $67,000 or less, should be aware that they are eligible to receive free tax prep help from IRS-certified volunteers. For more information on free tax return preparation, click here.

Now, once you have filed, you may wonder how long it will take to receive your refund. The IRS does issue most refunds within a month, but it is possible it will take longer. Taxpayers should consider the time it takes for the bank to post the refund to their account and people waiting for a refund via mail should plan for extra time. This being said, it is worth noting that the fastest way to get a refund is by filing electronically and using direct deposit. You can file your taxes electronically here.

Filers may also worry that they will be handed a large bill from the IRS that is difficult to pay. If this is the case, the IRS does offer payment plans to help taxpayers meet their obligations and avoid additional fines. To apply online for a payment plan, click here.

Finally, if you need any additional information, visit the IRS website here. The IRS YouTube channel also showcases tax related information via short videos. You can access the YouTube channel here. Additionally, if you need assistance contacting the IRS, my staff and I are here to help. Please call my Norman office at 405-329-6500 with your questions.