2021 Tax Season

Today the IRS officially announced the Nation's Tax Season will start on

February 12, 2021. This does not mean returns cannot be prepared now. It just means the completed returns will not be able to be E-filed until Friday, February 12, 2021.

If you have not already received it, over the next week, you will be receiving your

Tax Checklist to assist with gathering of the documents we will need to prepare your 2020 tax return. We are currently scheduling virtual intake appointments for document exchange and review. Please feel free to contact us as soon as you have all of your documents.

IRS Official News Release and Key Filing Season Dates:

"The Internal Revenue Service announced that the nation's tax season will start on Friday, February 12, 2021, when the tax agency will begin accepting and processing 2020 tax year returns. The Feb. 12 start date for individual tax return filers allows the IRS time to do additional programming and testing of IRS systems following the Dec. 27 tax law changes that provided a second round of Economic Impact Payments and other benefits.

This programming work is critical to ensuring IRS systems run smoothly. If filing season were opened without the correct programming in place, then there could be a delay in issuing refunds to taxpayers. These changes ensure that eligible people will receive any remaining stimulus money as a Recovery Rebate Credit when they file their 2020 tax return.

To speed refunds during the pandemic, the IRS urges taxpayers to file electronically with direct deposit as soon as they have the information they need. People can begin filing their tax returns immediately with tax software companies, including IRS Free File partners. These groups are starting to accept tax returns now, and the returns will be transmitted to the IRS starting Feb. 12."

Key Filing Season Dates

• Jan. 15. We are scheduling intake interviews for document exchange and tax preparation.

• Jan. 29. Earned Income Tax Credit Awareness Day to raise awareness of valuable tax credits available to many people – including the option to use prior-year income to qualify.

• Feb. 12. IRS begins 2021 tax season. Individual tax returns begin being accepted and processing begins.

• Feb. 22. Projected date for the IRS.gov Where’s My Refund tool being updated for those claiming EITC and ACTC, also referred to as PATH Act returns.

• First week of March. Tax refunds begin reaching those claiming EITC and ACTC (PATH Act returns) for those who file electronically with direct deposit and there are no issues with their tax returns.

• April 15. Deadline for filing 2020 tax returns.

• Oct. 15. Deadline to file for those requesting an extension on their 2020 tax returns