When will IRS be accepting returns?
The Internal Revenue Service (IRS) plays a crucial role in the tax filing process for millions of Americans. Each year, taxpayers eagerly await the announcement of when the IRS will begin accepting tax returns. This year, understanding the IRS’s tax return filing schedule is more important than ever, as the agency faces unprecedented challenges due to the COVID-19 pandemic. In this article, we will explore the timeline for IRS tax return acceptance and provide valuable information to help taxpayers plan accordingly.
IRS Tax Return Acceptance Timeline
The IRS typically begins accepting tax returns on January 19th each year, as long as there are no major tax law changes or system updates. However, due to the ongoing impact of the COVID-19 pandemic, the IRS has extended the start date for tax season several times in recent years. The agency has announced that it will begin accepting tax returns for the 2021 tax year on February 12, 2022.
Factors Affecting IRS Tax Return Acceptance
Several factors can influence when the IRS will begin accepting tax returns. These include:
1. Tax Law Changes: If Congress passes new tax laws before the end of the calendar year, the IRS may need additional time to update its systems and ensure that the new laws are properly implemented.
2. System Updates: The IRS regularly updates its systems to improve efficiency and accuracy. These updates can sometimes delay the start of tax season.
3. COVID-19 Pandemic: The ongoing pandemic has caused the IRS to adjust its operations and resources, which may impact the start date for tax return acceptance.
What Taxpayers Should Do
To prepare for the upcoming tax season, taxpayers should consider the following:
1. Gather Necessary Documents: Organize all tax-related documents, such as W-2s, 1099s, and receipts, to ensure a smooth tax filing process.
2. Choose a Tax Preparer: If you’re not comfortable preparing your taxes, consider hiring a tax professional or using tax preparation software.
3. Stay Informed: Keep an eye on IRS announcements regarding tax return acceptance dates and any changes to tax laws that may affect your filing.
4. File Early: If possible, file your tax return as soon as the IRS begins accepting returns. This can help you avoid the rush and ensure that your return is processed promptly.
In conclusion, the IRS will begin accepting tax returns for the 2021 tax year on February 12, 2022. Taxpayers should prepare early, stay informed, and be ready to file their returns as soon as possible. By understanding the IRS’s tax return acceptance timeline and taking the necessary steps, you can ensure a smooth and efficient tax filing process.
