Tax season has almost begun, so get your forms ready!

It is that time of year again and we all have our eyes set on getting a much-needed tax return. Since this year may be a bit more confusing than most, the Internal Revenue Service has come up with some tips to help filers out.

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Keep in mind, the start of tax season has been delayed to Friday, February 12th so you still have a few more weeks to get all your papers in order. The delayed start is to allow the Internal Revenue Service to have a little more time implementing some additional programming and testing to account for the recent tax law changes in December of 2020.

Planning for the nation's filing season process is a massive undertaking, and IRS teams have been working non-stop to prepare for this as well as delivering Economic Impact Payments in record time....Given the pandemic, this is one of the nation's most important filing seasons ever. This start date will ensure that people get their needed tax refunds quickly while also making sure they receive any remaining stimulus payments they are eligible for as quickly as possible...said IRS Commissioner Chuck Rettig.

Here are a few tips from the IRS to make sure you get your return the quickest:

  • File electronically and use direct deposit for your returns
  • Get the latest tax information, including details on the Economic Impact Payments at IRS.gov
  • If you are eligible for stimulus payments, review the guidelines for the Recovery Rebate Credit.
  • If you received the stimulus payment, you do not need to include that information when you file. If you did not receive a stimulus payment or only received a partial payment, you may be eligible to claim the Recovery Rebate Credit.

The tax deadline is Thursday, April 15th. Good luck filing!

Source: Mid-Michigan Now

 

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