Friday, January 15, 2021

IRS delays start of tax filing season to Feb. 12


https://www.beckershospitalreview.com/public-health/states-ranked-by-percentage-of-covid-19-vaccines-administered.html

 

Published Fri, Jan 15 202112:09 PM EST   Updated Fri, Jan 15 20211:53 PM EST
Darla Mercado


The IRS is delaying the start of the 2020 tax filing season to Feb. 12, according to an announcement Friday from the agency.

On that date, the IRS will start accepting and processing last year’s tax returns.

Normally, the agency opens tax season in late January.

This year, however, the IRS will need more time to prepare after the Covid relief act that took effect in late December. And yes, the tax filing deadline is still April 15.

“If filing season were opened without the correct programming in place, then there could be a delay in issuing refunds to taxpayers,” the IRS said in its announcement.

“These changes ensure that eligible people will receive any remaining stimulus money as a recovery rebate credit when they file their return,” the agency said.

The recovery rebate credit is a new addition to the federal income tax return, and it’s available to filers who didn’t receive the full amount of stimulus they’re entitled to.


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