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IRS announces when filing season will start

The IRS announced that this year’s filing season will begin Jan. 29, a little later than last year’s filing season, which began Jan. 23.

The IRS also explained that individual tax returns are due April 17 this year because April 15 is a Sunday and April 16 is a holiday in the District of Columbia.

Although the IRS will not accept returns until Jan. 29, it noted that many tax software and preparation companies will accept returns earlier and file them when the IRS begins accepting them. It also reminded taxpayers that, by law, it cannot issue refunds related to claims for the earned income tax credit or the additional child tax credit until mid-February.

Article courtesy of Sally P. Schreiber, J.D., Journal of Accountancy