IRS announced the official open of 2016 Tax Season today.
IRS announced the official open of 2016 Tax Season today. The IRS just announced the first day to file taxes 2016. We will be updating our 2016 Refund Cycle Chart to reflect this recent update. IRS announced the 2016 filing season start date and there will be no tax delay. Tax season 2016 for efiling and snail mail filed returns will open on January 19, 2016. That’s one day earlier than last year (Jan. 20, 2015). Tax Season 2016 will be January 19th, 2016. Details below:
Following a review of the tax extenders legislation signed into law last week, the Internal Revenue Service announced today that the nation’s tax season will begin as scheduled on Tuesday, Jan. 19, 2016.
The IRS will begin accepting individual electronic returns that day. The IRS expects to receive more than 150 million individual returns in 2016, with more than four out of five being prepared using tax return preparation software and e-filed. The IRS will begin processing paper tax returns at the same time. There is no advantage to people filing tax returns on paper in early January instead of waiting for e-file to begin.
“We look forward to opening the 2016 tax season on time,” IRS Commissioner John Koskinen said. “Our employees have been working hard throughout this year to make this happen. We also appreciate the help from the nation’s tax professionals and the software community, who are critical to helping taxpayers during the filing season.”
Continue reading this article at IRS.gov, here.