The tax season is upon us! Get the latest information on what the IRS is saying for 2017.
The IRS will begin accepting electronic tax returns Monday January 23, with more than 153 million individual tax returns expected to be filed in 2017.
Some software companies and tax professionals can accept tax returns before opening day, but this does not mean that your returns will be filled at that time. Those companies will still have to wait to file those returns. In short, in any situation with which someone can file a tax return, nothing will be processed until opening day.
Taxpayers get a few extra days to file their tax returns to the IRS in 2017. The reason for this is solely because April 15, 2017, falls on a Saturday. Normally, that would then move the date to the following Monday (April 17, 2017). This year there is a government holiday, Emancipation Day, which falls on Monday, April 17 s which as it turns out is a holiday in Washington D.C, making the deadline Tuesday, April 18, 2017.
"The opening of filing season reflects months and months of work by IRS employees," IRS Commissioner John Koskinen said. "This year, we had a number of important legislative changes to program into our systems, including the EITC refund date, as well as dealing with resource limitations. Our systems require extensive programming and testing beforehand to ensure we’re ready to accept and process more than 150 million returns."