India, Feb. 18 -- US' Internal Revenue Service (IRS) is now accepting federal individual tax returns on income earned in the year 2024.

The IRS is the US federal agency responsible for collecting federal taxes and enforcing the Internal Revenue Code, which is the primary body of federal tax law.

Taxpayers are eligible for refunds if they have paid more tax throughout the year than they owe. In some cases, people who haven't paid tax may still get a refund if they qualify for a refundable credit. People can claim a tax refund up to three years after they have paid the taxes.

People can start checking on the status of their refunds within 24 hours after they have electronically file a current-year return or 3-4 days after they electronic...