January 15. Taxpayers can begin filing returns through Free File partners; tax returns will be transmitted to the IRS starting Feb. 12. Tax software companies also are accepting tax filings in advance.

Did IRS push back filing date?

Like last year, the IRS pushed Tax Day back this year because of the COVID-19 pandemic. In 2020, Tax Day (the deadline for filing your federal income tax return) was pushed back from April 15 to July 15 because of the COVID-19 pandemic. This year, the IRS extended the due date again – this time to May 17.

Are taxes filed for January to December?

Individuals are subject to a calendar tax year beginning Jan. 1 and ending Dec. 31. Tax returns in the U.S. are usually due on April 15 of the following year covering the calendar year period.

Why does the IRS delay processing income tax returns?

As it has done for a few years, the IRS will delay processing by 2-3 weeks if an income tax return has the Earned Income Tax Credit (EITC) or Child Tax Credit (CTC), since these credits have often been abused. The additional time allows the IRS to verify that taxpayers qualify for the credits.

When to expect your income tax refund in 2020?

If your IRS income tax refund is delayed, ask your tax professional… The IRS has announced that tax season will officially begin on January 27, 2020. The good news is that there’s no reason to get refund loans or other such services, since you can get your refund in as little as 10 days if you file early and e-file your tax return.

How long does it take for tax return to be processed?

Taxpayers who mail a paper version of their income tax return can expect at least a 3-4 week delay at the front-end of the process, as the return has to be manually entered into the IRS system before it can be processed.

When to file extension for income tax return?

Taxpayers who don’t have all of the paperwork needed in order to file their taxes can easily file an extension form, “Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return.” – This will give the taxpayer until October 15 to file their tax return.