Key Points for 2024 Tax Season Filing taxes remains complex, with increased penalties for procrastination. The IRS's new Direct File program is rolling out for residents in 12 states with simple tax situations. Electric car buyers may qualify for tax credits, with updated eligibility rules. Home improvements for energy efficiency and purchases of used electric vehicles are eligible for tax credits. The child tax credit may expand, but taxpayers should file as usual. The IRS adjusted tax brackets and raised contribution limits for retirement accounts. The reporting of cryptocurrency transactions to the IRS is not yet mandatory. Retirees may delay required minimum withdrawals until age 73. High-tax state residents may have SALT deduction workarounds. Inflation adjustments have been made to various tax provisions.