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.
The window is closing to claim your prior year refund.
Luckily for you, this is the last year to claim your 2015 refund. However, you can only claim your refund if you fit within the time-frame of the IRS’ Statute of Limitations. You have three years from the original tax deadline due date to claim a refund for your tax year.
Read on to find out what you need to do to claim your refund.