Ready for Tax Season?

Just ready a great article by the Taxgirl. Here’s the beginning of it…be sure to click the link and read it all!

 

Ready to file your tax return? Here are 10 quick facts about the upcoming tax season that you need to know:

1. Tax season opens on January 23, 2017. Taxpayers who e-file can submit returns to their software provider or tax professional before that date, but the returns will not be accepted by IRS until the systems open. More than four out of five taxpayers are expected to e-file their return either on their own or with the help of a tax professional.

2. Taxpayers have a few extra days to file their 2016 returns this year. The due date is April 18, 2017, and not April 15, 2017. That’s because April 15, 2017, falls on a Saturday which would normally result in a move to the following Monday (April 17, 2017). However, this year, Emancipation Day falls on Monday, April 17. Since that’s a legal holiday in the District of Columbia, the tax filing deadline will be pushed ahead for all individual taxpayers to Tuesday, April 18, 2017.

3. FreeFile is now open. The program, available through the Internal Revenue Service (IRS) website, partners with commercial partners to provide free filing software for about 100 million taxpayers with incomes of $64,000 or less. Seven in ten of the nation’s taxpayers are eligible for IRS FreeFile.

 

Ready the rest at: http://www.forbes.com/sites/kellyphillipserb/2017/01/15/10-quick-facts-about-the-upcoming-tax-season-that-you-need-to-know/#3792bcad3750

 

Advertisements

Comments are closed.