This would be the same experience for taxpayers if the filing season opened in late January. Taxpayers will need to check Where's My Refund for their personalized refund date. Overall, the IRS anticipates 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 tax return. The IRS urges taxpayers and tax professionals to file electronically.
To avoid delays in processing, people should avoid filing paper returns wherever possible. The filing season open follows IRS work to update its programming and test its systems to factor in the second Economic Impact Payments and other tax law changes.
These changes are complex and take time to help ensure proper processing of tax returns and refunds as well as coordination with tax software industry, resulting in the February 12 start date.
The IRS must ensure systems are prepared to properly process and check tax returns to verify the proper amount of EIP's are credited on taxpayer accounts — and provide remaining funds to eligible taxpayers. Although tax seasons frequently begin in late January, there have been five instances since when filing seasons did not start for some taxpayers until February due to tax law changes made just before the start of tax time.
Home News News Releases tax filing season begins Feb. More In News. Here are important dates in chronological order if you prefer to just flip through and mark them on your calendar. They include some additional to-do-by dates that might apply to you:. You'll probably be hit with a financial penalty, if only an extra interest charge, if you don't submit a tax return and make any payment that is due by its appropriate deadline.
There are two main penalties you may face:. Generally, interest accrues on any unpaid tax from the due date of the return until the date of payment in full. To avoid fees and required payments, the IRS recommends you should file your return as soon as possible if you miss a deadline. You might want to e-file your late return if you haven't missed that deadline as well. Some other rules can apply as well, imposed by the individual software providers that participate in the Free File Alliance.
The IRS will accept e-filed returns until November. It will announce the exact November cutoff date sometime in October Even if you cannot pay your taxes for one reason or another, file your return anyway, and immediately apply for a payment plan if you can't pay the tax you owe all at once. The IRS will generally let you pay over time, as long as you make arrangements to do so. If you can't pay your taxes in full, go to IRS Direct Pay and have the payment debited directly from your bank account if you owe money and don't want to send a check to the IRS via snail mail, risking the extra time that might entail.
Otherwise, you'll face interest charges until the quarterly payment has been made. While some states do impose an inheritance tax, the federal government only imposes an estate tax. Estate taxes are imposed on the estate itself rather than on the individuals inheriting assets from the estate. Estate taxes aren't necessarily imposed on the date of death, but they will have been assessed by the time an heir officially receives assets.
Taxpayers can request an extension for their income tax return by filing IRS Form File your extension request by the due date of your return. An extension of time to file is not an extension of time to pay so you'll owe interest if the tax you owe isn't paid by the original due date of your return.
You may also be subject to a late-payment penalty on any tax not paid by the original due date of your return. You may want to file your return electronically. You'll usually receive your refund within 3 weeks of the date when the IRS receives your return, even faster if you elect to have it directly deposited into your checking or savings account.
Most professional tax return preparers offer electronic filing of tax returns with their return preparation services and may charge a fee to file your return electronically.
Also, when you prepare your return yourself using tax-preparation software, you may have to pay a fee to file your return electronically. However, you may qualify for free electronic filing through Free File. For more information on electronic filing in general, visit Electronic Filing Options for Individuals. If you mail a paper Form or Form SR , it can take six to eight weeks to process.
Be sure to attach:. Signing the return - For signing an electronic return see Topic No. For information on filing and signing a return for a decedent, refer to Topic No.
Updated programming helps ensure that eligible people can claim the proper amount of the Child Tax Credit after comparing their advance credits and claim any remaining stimulus money as a Recovery Rebate Credit when they file their tax return. Filing electronically with direct deposit and avoiding a paper tax return is more important than ever this year. And we urge extra attention to those who received an Economic Impact Payment or an advance Child Tax Credit last year.
People should make sure they report the correct amount on their tax return to avoid delays. The IRS encourages everyone to have all the information they need in hand to make sure they file a complete and accurate return. Having an accurate tax return can avoid processing delays, refund delays and later IRS notices. This is especially important for people who received advance Child Tax Credit payments or Economic Impact Payments American Rescue Plan stimulus payments in ; they will need the amounts of these payments when preparing their tax return.
Like last year, there will be individuals filing tax returns who, even though they are not required to file, need to file a return to claim a Recovery Rebate Credit to receive the tax credit from the stimulus payments or reconcile advance payments of the Child Tax Credit.
People who don't normally file also could receive other credits. The filing deadline to submit tax returns or an extension to file and pay tax owed is Monday, April 18, , for most taxpayers. By law, Washington, D. The due date is April 18, instead of April 15, because of the Emancipation Day holiday in the District of Columbia for everyone except taxpayers who live in Maine or Massachusetts. Taxpayers in Maine or Massachusetts have until April 19, , to file their returns due to the Patriots' Day holiday in those states.
Taxpayers requesting an extension will have until Monday, October 17, , to file. Rettig noted that IRS employees continue to work hard on critical areas affected by the pandemic, including processing of tax returns from last year and record levels of phone calls coming in.
This is frustrating for taxpayers, for IRS employees and for me," Rettig said. And we will continue to look for ways to improve. We want to deliver as much as possible while also protecting the health and safety of our employees and taxpayers.
Additional resources are essential to helping our employees do more in — and beyond.
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