IRS to begin processing tax returns on January 30th

Taxes-1040

The Internal Revenue Service (IRS) announced earlier today that they will begin accepting the majority of tax returns on January 30th.

The tax season was originally scheduled to begin January 22nd. However, the passing of tax provisions under the American Taxpayer Relief Act in early January required updates and testing of IRS forms and systems, pushing back the opening date. “We have worked hard to open tax season as soon as possible,” IRS Acting Commissioner Steven T. Miller said. “This date ensures we have the time we need to update and test our processing systems.” 

Not everyone will be able to file their returns on January 30th, however. People filing more complicated tax returns, including those claiming residential energy credits, depreciation of property, or general business credits will have to wait until February and perhaps even March before they are able to file. A specific date has yet to be determined, but will be communicated by the IRS as soon as possible.

You can find a full list of the forms that won’t be accepted until February or March on the IRS website.

Source: IRS Plans Jan. 30 Tax Season Opening For 1040 Filers — IRS.gov

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