Here’s What Mainers Need to Know About Tax Deadlines This Year
Last week, the IRS put out a statement that processing of tax returns will start later than usual this year. The postponement comes after changed tax laws in late December which the IRS is now implementing in the programming of processing incoming returns.
With that changed you might be wondering what you need to know when it comes to deadlines for this year's tax season which has a few processing notes to be aware of depending on what you are claiming.
Know that you can already file your tax returns so, continue doing that. Just don't expect your refund money as quickly as you are used to.
Here's the information the IRS has put out for tax filing deadlines for this year's tax season:
January 15: IRS Free File opens. Taxpayers can begin filing returns through Free File partners; tax returns will be transmitted to the IRS starting Feb. 12. Tax software companies also are accepting tax filings in advance.
January 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.
February 12: IRS begins 2021 tax season. Individual tax returns begin being accepted and processing begins.
February 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.
October 15: Deadline to file for those requesting an extension on their 2020 tax returns.
As you can see, the April 15th date will continue to be the tax filing deadline, like it usually is.
For more information about filing this year, check out information from IRS.gov.
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