When to File Taxes 2017

When to File Taxes 2017

When to File Taxes 2017

When can I file my 2016 Tax Return? When to File Taxes 2017

The IRS recently announced that you can begin filing for tax season 2017 on January 1st, 2017. This does not mean that all online tax preparation sites will be ready to start right then. Most of the top online tax preparation sites have listed their beginning 2017 tax filing date as January 5th, 2017. E-File now. ¬†When to File Taxes 2017. The earlier you file doesn’t always mean that you will get your 2017 tax refund any earlier than the rest though.

The IRS announced that they will not begin accepting 2016 tax returns until January 23, 2016. 2016 Tax Refunds could be slightly delayed for direct deposit and e-check for Tax Year 2016 though. Details here.  This is due to the IRS and state tax agency attempting to slow down the large number of tax fraud and identity theft among certain tax groups.

When to File Tax 2017 is a common question asked by taxpayers. We hope that we have provided you all of the information needed.

Federal Tax Delay Incoming for Earned Income Tax Credit as well as Additional Child Tax Credit:

This change begins Jan. 1, 2017, and may affect some returns filed early in 2017. Additional information is listed below.

  • To comply with the law, the IRS will hold the refunds on EITC and ACTC-related returns until Feb. 15.

  • This allows additional time to help prevent revenue lost due to identity theft and refund fraud related to fabricated wages and withholdings.

  • The IRS will hold the entire refund. Under the new law, the IRS cannot release the part of the refund that is not associated with the EITC and ACTC.

  • Taxpayers should file as they normally do, and tax return preparers should also submit returns as they normally do.

  • The IRS will begin accepting and processing tax returns once the filing season begins, as we do every year. That will not change.

  • The IRS still expects to issue most refunds in less than 21 days, though IRS will hold refunds for EITC and ACTC-related tax returns filed early in 2017 until Feb. 15 and then begin issuing them.

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