IRS pushes tax-filing season to February 12, free filing opens today
16 Janvier, 2021, 07:22 | Auteur: Auguste Feret
The tax filing season will open on February 12 this year, about two weeks later than normal, according to the Internal Revenue Service.
The agency is urging taxpayers and tax professionals to file electronically, rather than using paper returns, to avoid delays in processing.
"It's a relief to know that despite contending with the distribution of two rounds of economic impact payments, facility closures, and other disruptions, the agency will be able to begin accepting returns within the next month", Neal said in a statement Friday.
The first scheduled date for IRS direct deposits after February 12, 2021 is February 26, 2021.
Last year, the average tax refund was more than $2,500.
The IRS said it expects nine out of 10 taxpayers will receive their refund within 21 days of when they file electronically with direct deposit if there are no issues with their returns. By law, refunds for returns claiming these credits must be delayed.
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"The Feb. 12 start date for individual tax return filers allows the IRS time to do additional programming and testing of IRS systems following the December 27 tax law changes that provided a second round of Economic Impact Payments and other benefits".
Some taxpayers may also find that they owe more taxes than usual.
The IRS says the programming work is critical to ensuring its systems run smoothly. However, its Free File program is now open for taxpayers.
"These changes ensure that eligible people will receive any remaining stimulus money as a Recovery Rebate Credit when they file their 2020 tax return", the IRS said.
At this time, the IRS delay for accepting returns on February 12, 2020 does not change the due dates for any tax returns. More than 150 million tax returns are expected to be filed this year, with the vast majority before the Thursday, April 15 deadline.
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