The IRS has announced that this year’s filing season will officially begin January 29th. That is the first date that completed tax returns will be accepted by the IRS, though tax preparation may be completed before then so returns may be ready to submit on the first available day for processing. The date is a bit later than the launch of the 2016 filing season, which began January 23rd.
The agency has been updating its systems since November to accommodate tax law changes for 2017. Going forward, it’s not yet clear how long it will take the IRS to adjust to the newly passed tax reform law that will implement major changes affecting individual and business income and other taxes in 2018. Those tax reform changes do not affect your individual 2017 tax return.
The deadline to submit your 2017 individual federal and state income tax returns is April 17th this year. The date is on the 17th of April because April 15th is a Sunday and April 16th is a holiday in the District of Columbia.
The IRS will not begin accepting federal income tax returns until January 29th. It also reminds taxpayers that, by law, it cannot issue refunds related to claims for the earned income tax credit or the additional child tax credit until mid-February.
If you have any questions or need help with the preparation of your individual or business income tax returns, please contact us at McRuer CPAs online (click here) or by calling 816.741.7882.