The tax impact of everything from stimulus checks to unemployment benefits could leave you with questions when filing returns, creating new headaches for many. The IRS opened up its Free File site on … We’ve based these timelines on historical data noting that m ost refunds will be issued by the IRS in less than 21 days after the return has been accepted. The Internal Revenue Service has announced it will begin processing tax returns on Feb. 12, a few weeks later than the usual start date. Contributing: Susan Tompor, Detroit Free Press. It may seem early but it's later than usual this year. aren't withheld automatically from jobless benefits, eligible people will receive any remaining stimulus money, Your California Privacy Rights/Privacy Policy. The law had included a second round of stimulus checks, or Economic Impact Payments, and other benefits. They are prepaid tax credits for your 2020 tax return, authorized by two relief bills passed last year that aimed at stabilizing the struggling U.S. economy in the wake of the pandemic. Did you change your name or move to a new address? IRS Will Start Accepting Tax Returns Feb. 12, Later Than Usual Delayed start to tax season due to Covid-relief legislation means refunds will be delayed. The tax impact of everything from stimulus checks to unemployment benefits could leave you with questions when filing returns, creating new headaches for many. Why being taxed, say 22% of your income, is a lot more complicated than you may assume. The IRS has started accepting tax returns Friday. Published February 12, 2021 10:32 pm . Based on previous years and the number of changes to the tax code, we can predict that the IRS will begin accepting tax returns for the new tax season around January 27 th, 2021. If you are jobless in 2021, and receiving unemployment compensation, you may want to take action to have federal taxes withheld in the future. Typically, the IRS begins accepting returns in late January. 2021 Update: The IRS will begin accepting 2020 tax returns starting from February 12, 2021. Let friends in your social network know what you are reading about. NOTE: The IRS has announced that the 2021 tax filing season will start on February 12, 2021. Refund delays: If you claim the EITC or ACTC, we can’t issue your refund before February 15. The IRS is delaying the start of the 2020 tax filing season to Feb. 12, according to an announcement Friday from the agency. Free File Alliance, an IRS program that partners with private companies to provide free tax preparation to millions of filers, is now available to those whose adjusted gross income was $72,000 or less in 2020. The IRS will begin accepting and processing 2020 tax returns on Feb. 12, the agency said Friday. However, in previous years, the IRS has accepted tax returns early or delayed the acceptance of returns, depending on technical issues. That’s the day when the IRS will start accepting and processing 2020 taxes. Thanks to the pandemic and the push to get stimulus payments out quickly, the 2021 federal tax filing season will start a little late this year. TaxSlayer Editorial Team January 15, 2021 For tax year 2020 (taxes filed in 2021) the IRS will start accepting returns on February 12th, 2021. That's the latest start to tax season we've ever seen. USA TODAY will be answering the top reader questions as we go through tax season. If you use Free File, get ready. Stimulus check help: Cutting income cap for couples to get $2,800 stimulus check would help most of 31M who can't pay bills. However, if you're mailing documents to the IRS, expect massive delays. UPDATE, Jan. 15, 2021: Soon is here! The I.R.S. 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