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Tax Filing Season to Begin January 23, 2017!

Posted by Admin Posted on Dec 14 2016

The IRS, in a recent News Release, announced that the federal tax filing season for 2016 will begin on Monday, 1/23/17, which means that electronic and paper returns will be accepted beginning on that day. According to the IRS, taxpayers claiming certain tax credits should expect a longer wait for refunds (until the week of 2/27/17). Beginning in 2017, the PATH Act requires the IRS to hold refunds on tax returns claiming the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC). The entire refund must be held, even if a portion is not associated with the EITC and ACTC, until 2/15/17. In 2017, tax returns are due on April 18, rather than the usual April 15, because of a weekend and the Emancipation Day holiday in the District of Columbia. News Release IR-2016-167.