When does IRS start accepting returns? This is a common question among taxpayers as the tax season approaches. The Internal Revenue Service (IRS) sets specific dates for when it begins accepting tax returns each year. Understanding these dates is crucial for individuals and businesses to ensure they file their taxes on time and avoid any penalties or interest charges.
The IRS typically starts accepting tax returns in early February, but the exact date can vary from year to year. In recent years, the IRS has started accepting returns on January 28th, allowing taxpayers to file their taxes as soon as possible. However, there are certain circumstances that may delay the start date.
Factors Affecting the Start Date
One factor that can affect the IRS’s start date for accepting tax returns is the need for the agency to update its systems. This is particularly true when there are significant tax law changes or new tax provisions. In such cases, the IRS may need additional time to ensure its systems are up to date and can process returns accurately.
Another factor is the possibility of tax filing delays. If there are issues with the IRS’s systems or if Congress fails to pass tax legislation before the end of the year, the IRS may delay the start date for accepting returns. This happened in 2019 when the partial government shutdown resulted in a delay of the filing season.
How to Know When to File
To stay informed about when the IRS will start accepting tax returns, it’s essential to keep an eye on IRS announcements and updates. The IRS website and social media platforms are reliable sources for the latest information. Additionally, tax professionals and financial institutions often provide updates on tax deadlines and changes.
If you’re planning to file your taxes early, it’s a good idea to start gathering all necessary documents and information well before the IRS begins accepting returns. This will help you avoid any last-minute stress and ensure a smooth filing process.
What to Do if the IRS Delays the Start Date
In the event that the IRS delays the start date for accepting tax returns, there are a few things you can do:
1. Keep an eye on IRS announcements for updates on the new start date.
2. Prepare your tax documents and information as soon as possible to be ready to file as soon as the IRS opens its systems.
3. Consider filing your taxes as soon as the IRS starts accepting returns to ensure you meet any state or local tax filing deadlines.
By staying informed and prepared, you can navigate the tax filing process more effectively and avoid any potential penalties or interest charges. Remember, when does IRS start accepting returns is a question that requires attention, and being proactive will help you meet your tax obligations on time.
