IRS Announces Various Dates Related to Tax Season. The due date for 2020 calendar year individual income tax returns is April 15.

IRS will begin accepting individual income tax returns on February 12.  This is a result of Congressional tax law changes in late December and IRS having to modify the forms and software to accommodate the changes.  Many software companies will accept returns prior to this date and hold them until February 12.

IRS’ Free File is open.  The Free File companies will transmit the returns to IRS starting February 12.

The Path Act requires IRS to hold refunds on returns claiming the Earned Income Tax Credit (EITC) and the Additional Child Tax Credit (ACTC) until at least February 15, allowing IRS to spend more time to detect and prevent fraud.  IRS anticipates starting to send out refunds from these returns the first week of March.

 

This text has been shared courtesy of:  David & Mary Mellem, EAs & Ashwaubenon Tax Professionals, 920-496-1065 (920-496-9111).