As tax season approaches, here are a few things the IRS wants you to remember:
— The IRS will begin accepting tax returns on January 29.
— The filing deadline is April 17, two days later than the traditional April 15 deadline, because April 15 falls on a Sunday and the following Monday is a legal holiday in Washington, D.C.
— Those eligible for the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC) won’t see refunds until at least February 27.
— The IRS suggests that taxpayers keep their prior-year tax returns for at least three years for reference in the case of fraud or other errors.
— Also, for those utilizing an electronic tax software product for the first time, one’s adjusted gross income from the previous year is required for use.
— Finally, there are numerous resources to assist filers through the process, including free tax help for eligible elders and free brand-name software available to individuals and families earning $66,000 or less through the IRS Free File.
— For more information, click here.
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