The Internal Revenue Service says it will open in mid-January. The 2021 tax-filing start date has been pushed to February 12. © 2021 USA TODAY, a division of Gannett Satellite Information Network, LLC. NOTE: The IRS has announced that the 2021 tax filing season will start on February 12, 2021. The I.R.S. You should file your taxes early so you can avoid delays when waiting for your tax refund. The changes aim to ensure that eligible people will receive any remaining stimulus money as a Recovery Rebate Credit when they file their 2020 returns, the agency said. (Photo: MangoStar_Studio / iStock). will start accepting tax returns on Feb. 12, about two weeks later than usual. The IRS likely will begin accepting electronic returns anywhere between Jan. 15 and Feb. 1, 2021, when taxpayers should have received their last paychecks of the 2020 fiscal year. Updated Jan 19, 2021; Posted Jan 19, 2021 . IRS Will Start Accepting Tax Returns Feb. 12, Later Than Usual Delayed start to tax season due to Covid-relief legislation means refunds will be delayed. Free File Alliance, an IRS program that partners with private companies to provide free tax preparation to millions of filers, is now available to those whose adjusted gross income was $72,000 or less in 2020. The agency said it is taking the time to do additional programming and testing of its systems to ensure that there won’t be a delay in issuing refunds following tax law changes from the stimulus package that was passed in December. Let friends in your social network know what you are reading about. 2021 Update: The IRS will begin accepting 2020 tax returns starting from February 12, 2021. Published February 12, 2021 10:32 pm . Hating on hedge funds: GameStop frenzy showed a fresh contempt for these power funds. “This programming work is critical to ensuring IRS systems run smoothly,” the agency said in a statement. If you are jobless in 2021, and receiving unemployment compensation, you may want to take action to have federal taxes withheld in the future. The Internal Revenue Service has just announced that the 2021 tax filing season start date will be Feburary 12, 2021. We’ve based these timelines on historical data noting that m ost refunds will be issued by the IRS in less than 21 days after the return has been accepted. As part of a hot scheme in 2021, identity thieves are targeting tax professionals by sending an email that appears to be from the IRS. Be sure to double-check the routing and account numbers on your return. If you use Free File, get ready. To speed up refunds during the pandemic, the IRS urges taxpayers to file electronically with direct deposit. Based on previous years and the number of changes to the tax code, we can predict that the IRS will begin accepting tax returns for the new tax season around January 27 th, 2021. RELATED House COVID-19 relief includes $1,400 checks, $3,000 Child Tax Credit ... the Internal Revenue Service will start accepting tax returns electronically, which is … However, in previous years, the IRS has accepted tax returns early or delayed the acceptance of returns, depending on technical issues. Typically, the IRS begins accepting returns in late January. But why so late this year? A link has been posted to your Facebook feed. The IRS … Be wary of unscrupulous individuals who may offer to prepare your taxes but could steal important personal information from you. That's the latest start to tax season we've ever seen. However, if you're mailing documents to the IRS, expect massive delays. Does this feel a little late to you? Here's a breakdown of what you actually pay in income taxes. We will update this article to reflect that information if we hear about it this year. A link has been posted to your Facebook feed. Any correspondence and even your tax refund may get mailed to the wrong address. It may seem early but it's later than usual this year. The tax impact of everything from stimulus checks to unemployment benefits could leave you with questions when filing returns, creating new headaches for many. Contributing: Susan Tompor, Detroit Free Press. As you start organizing your IRS tax returns for 2020, there are a few key things to keep in mind, from stimulus checks to major deadlines. Let friends in your social network know what you are reading about. ... Last year, the IRS began accepting and processing returns from individual filers on Monday, Jan. 27. IR-2021-16, January 15, 2021 WASHINGTON ― The Internal Revenue Service announced that the nation's tax season will start on Friday, February 12, 2021, when the tax agency will begin accepting and processing 2020 tax year returns. A link has been sent to your friend's email address. Social Security number: You, your spouse and all qualifying children or relatives you claim on your tax return must have a valid Social Security number that was issued before the due date of the year you’re filing for (including extensions). IRS to start accepting tax returns electronically on Friday. The good news is that the 2020 tax filing season will allow people who missed out on a check or received too little to claim their full stimulus payments, which the IRS will send later this year via their tax refunds. The Internal Revenue Service is already accepting e-filed business returns and says Free File for eligible individuals to do their taxes and electronically file at no cost will open in mid-January. The IRS has recently announced that it will begin accepting tax forms on Feb. 12, 2021. Taxpayers may start filing their returns with tax software companies, including IRS Free File partners, the agency said. Free File Alliance, an IRS program that partners with private companies to provide free tax preparation to millions of filers, is now available to those whose adjusted gross income was $72,000 or less in 2020. Refund delays: If you claim the EITC or ACTC, we can’t issue your refund before February 15. That's because the tax agency needed more to program its systems to reflect new tax rules. Read or Share this story: https://www.usatoday.com/story/money/2021/01/15/irs-tax-season-2021-starts-feb-12-stimulus-checks-tax-refunds/4176228001/, Here's how the president-electi's stimulus plan could impact wages, stimulus payments and unemployment checks, TurboTax begins depositing economic impact payments for millions of customers after IRS error, Your California Privacy Rights/Privacy Policy. Feb. 22: Projected date that the IRS' Where's My Refund online tracking tool will be available. ... Jan. 15, 2021 … If you legally changed your name with the Social Security Administration, make sure it is reflected in your federal and state tax returns. The IRS also gives this recommendation. The IRS is delaying the start of the 2020 tax filing season to Feb. 12, according to an announcement Friday from the agency. The backlog for paper returns is large and likely to grow, so anyone. A mismatch may delay the processing of your returns. Congress passed a law that requires the IRS to HOLD all tax refunds that include the Earned Income Tax Credit (EITC) and Additional Child Tax Credit (ACTC) until February 15, 2021, regardless of how early the tax return was filed. For these power funds a statement begins with the IRS will begin accepting tax forms on Feb. 12, IRS. Hedge funds: GameStop frenzy showed a fresh contempt for these power funds ”. Information from you began accepting and processing returns ( 2020 tax returns starting from February.. 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