The IRS has delayed the tax season until Feb. 12 due to COVID-19.
They will begin accepting e-filed returns for tax season 2021 on this date due to testing the IRS systems. This is also to ensure eligible taxpayers receive the Recovery Rebate Credit for their remaining stimulus payments.
It’s never too early to think about next year’s taxes.
Americans should keep their eyes open for the 2020 tax changes. In order to file your 2020 tax return, it’s important to prepare for what’s next. The IRS has released a draft of the 2020 tax instructions.
Here’s a quick list of the 2020 tax changes to be in tune with the 2021 tax season.