2020 Tax Filing Season Begins Jan. 27

January 20, 2020 @ 4:37 AM · Taxes
2020 Tax SeasonThe Internal Revenue Service will begin accepting and processing 2019 tax year returns on Monday, January 27, 2020.   They set this date "to ensure the security and readiness of key tax processing systems and to address the potential impact of recent tax legislation on 2019 tax returns."    Income tax returns with the Earned Income Tax Credit (EITC) or Child Tax Credit (CTC) will not be processed until mid-February as dictated by law.  These credits have often been abused so the additional time allows the IRS to verify that taxpayers actually qualify for them.
 
The IRS encourages taxpayers to file electronically.  It is fast and more accurate than paper returns because it flags common...
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