The IRS just announced the official First Day to File your Taxes in 2018

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The IRS just announced the official First Day to File your Taxes in 2018

Find out when the IRS will begin accepting 2017 tax returns. Official First day to File your Taxes in 2018 announced.

January 21st, 2018 is the first day that the IRS will accept 2017 tax returns. This is the official first day to file your taxes in 2018. This is five days later than 2017 Tax Returns were accepted in 2018. We have updated our 2018 Refund Schedule to reflect this. This is the official 2017 tax season start date. Find out the First Day to File Income Taxes 2018 here.

The Internal Revenue Service announced today that the nation’s tax season will begin Monday, Jan. 2018, and reminded taxpayers claiming certain tax credits to expect a longer wait for refunds.

The IRS will begin accepting electronic tax returns that day, with more than 153 million individual tax returns expected to be filed in 2017. The IRS again expects more than four out of five tax returns will be prepared electronically using tax return preparation software.

You can begin efiling as early as January 5th,2018 with most tax filing software companies. Please do remember if you are filing the Earned Income Tax Credit and/or the Additional Child Tax Credit, your 2017 tax return will not be accepted until February 15th(or later depending on your filing date.) Learn more about the EITC and ACTC tax delay here.

Source: IRS Press Release December 9th, 2016.

More important 2017 Tax Season Start Date Information:

The IRS reminds taxpayers that a new law requires the IRS to hold refunds claiming the Earned Income Tax Credit (EITC) and the Additional Child Tax Credit (ACTC) until Feb. 15. In addition, the IRS wants taxpayers to be aware it will take several days for these refunds to be released and processed through financial institutions. Factoring in weekends and the President’s Day holiday, the IRS cautions that many affected taxpayers may not have actual access to their refunds until the week of Feb. 27.

“For this tax season, it’s more important than ever for taxpayers to plan ahead,” IRS Commissioner John Koskinen said. “People should make sure they have their year-end tax statements in hand, and we encourage people to file as they normally would, including those claiming the credits affected by the refund delay. Even with these significant changes, IRS employees and the entire tax community will be working hard to make this a smooth filing season for taxpayers.”

The IRS also reminds taxpayers that they should keep copies of their prior-year tax returns for at least three years. Taxpayers who are changing tax software products this filing season will need their adjusted gross income from their 2015 tax return in order to file electronically. The Electronic Filing Pin is no longer an option. Taxpayers can visit IRS.Gov/GetReady for more tips on preparing to file their 2016 tax return.

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