January 25, 2021
If you’re an early bird when it comes to filing your tax return, you’ll have to wait a little longer this year before the IRS will accept your return.
The sooner you file your tax return, the sooner you’ll receive any refund due. But this year you’ll have to wait a little longer before you can submit your return. The IRS just announced that it won’t start accepting 2020 tax returns until February 12, 2021. That’s 16 days later than last year.
Why the delay? The IRS says the later filing season start date allows them time to do additional programming and testing of their systems following the December tax law changes that provided a second round of stimulus checks and other benefits. If filing season were opened without the correct programming in place, then there could be a delay in issuing refunds to taxpayers.Read more