Tax filing season beginning on January 30 - WREX.com – Rockford’s News Leader

Tax filing season beginning on January 30

Posted:
WASHINGTON DC (WREX) -

The state of Illinois will follow federal guidelines and begin tax filing season for individual taxpayers on January 30.

Tax returns will be accepted by the IRS beginning on Wednesday, January 30, after testing is completed on processing systems and forms are updated.

Over 120 million households will be able to begin filing at that time, but the rest will have to wait until late February or early March because more extensive changes to forms and processing systems will have to be made. Those who have to wait include those using forms for Residential Energy Credits, Depreciation and Amortization, and General Business Credit. A full listing of the affected forms can be found at www.irs.gov.

The IRS advises taxpayers that paper returns filed before January 30 will not be processed prior to that date and e-filing with direct deposit is the fastest way to get your refund.

The opening filing date is a result of extensive tax changes that went into effect on January 1. The IRS was made to update forms and instructions while making processing system adjustments prior to accepting returns.

 

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