Anyone who is looking to pay bills and get a tax refund in early February is out of luck. Expect some significant delays.The Internal Revenue Service announced Friday that it is going to only begin processing 2020 income tax returns as of Feb. 12. The Feb. 12 delay is about three or four weeks later than the usual kickoff for the tax season, which often begins in late January.The tax season was likely to be delayed, given the latest stimulus rollout and tax rule changes that took place in late
The Internal Revenue Service’s Criminal Investigation Division (IRS-CI) is warning Virginia taxpayers about a new wave of COVID-19-related scams amid the second round of stimulus checks being delivered.
IRS Tax Filing Season Will Be Delayed In 2021
If you are one of the millions of Americans who count on your tax return for necessities (especially, if you have not yet received your second stimulus payment), it looks like you are going to need to wait a little while longer than normal to get that return.
According to WMTW, issues caused by the pandemic and the need to get those stimulus payments out as quick as possible has caused the IRS to delay the start of tax season.
Normally, tax season starts the second half of January. This year, it won t begin until February 12th.
If you like to take care of your taxes right away each year, heads-up: The IRS has delayed the start of tax filing season to February 12th in 2021.
My husband Charlie is one of those file immediately once you get your W-2 kind of folks, while I ve always been more of a wait until the last minute, because I m a procrastinator and taxes are hard kind of people. Since we got married though, and now file jointly, he handles our filing and I get it now it means you get your tax return earlier (if you re getting one)!
This year though, we ll all have to wait a bit. As Fox 17 reports, the IRS says it will begin accepting and processing 2020 tax year returns on Feb. 12, 2021 That process is usually initiated in late January.