Showing posts from January, 2020

Direct deposit fastest way to receive federal tax refund

IRS opens tax filing season for individual filers on Jan. 27

The IRS announced that 2019 tax filing season will open on January 27th. Although many tax software programs allow you to input and submit your tax returns before this date, no returns or refunds will be processed until then. So, don't get in too much of a rush to file... make sure you have received all the necessary income and expense reporting forms so that you can avoid overpaying, or dealing with correspondence or amended returns down the line.

IR-2020-02, January 6, 2020
WASHINGTON ― The Internal Revenue Service confirmed that the nation's tax season will start for individual tax return filers on Monday, January 27, 2020, when the tax agency will begin accepting and processing 2019 tax year returns.
The deadline to file 2019 tax returns and pay any tax owed is Wednesday, April 15, 2020. More than 150 million individual tax returns for the 2019 tax year are expected to be filed, with the vast majority of those coming before the traditional April tax deadline.