The IRS on Friday said it would begin accepting federal tax returns on February 12. Normally, tax filing season begins in the second half of January.
Pushing it back a few weeks “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,” the agency said.
To get that money in full, your 2020 income must be less than $75,000 a year if you’re single, or $150,000 if married filing jointly. Heads of household earning less than $112,500 will also qualify for a full payout. Eligible tax filers with children under 17 years of age will receive even more.
“Given the pandemic, this is one of the nation’s most important filing seasons ever. [The February 12] 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.
