On what date will the I.R.S. begin accepting 2020 tax returns?

ngpf.org 1/6/21

Q:

Taxes

QUESTION OF THE DAY

Taxes

February 12, 2021

The February 12 start date for individual tax return filers allows the IRS time to do additional programming and testing of IRS systems following the December 27 tax law changes that provided a second round of Economic Impact Payments and other benefits.

A:

QUESTION OF THE DAY

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ngpf.org 1/6/21

FOLLOW-UP QUESTIONS

1. Traditionally, the I.R.S. opens tax season in the fourth week of January (28th or 29th). How do you think that taxpayers might be impacted by this delay?
2. The I.R.S. strongly recommends that taxpayers file electronically with direct deposit of their refunds into their bank accounts. How comfortable would you be providing your bank account information to the I.R.S. knowing that it’s the fastest way to get a refund?

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ngpf.org 1/6/21