Kristoffer Tripplaar/Alamy Taxpayers can thank the District of Columbia — which celebrates Emancipation Day on April 16 — for a one-day extension to this year's tax filing deadline. will start accepting 2017 federal tax returns on Jan. 29 and estimates it will take about three weeks for most taxpayers to get their refunds. The IRS “strongly encourages” that you file electronically. The agency won’t even begin to process paper returns until mid-February. This year taxpayers will have until April 17, two days later than the usual April 15 deadline, to file their returns. That’s because the 15th falls on a Sunday and April 16 is Emancipation Day, a legal holiday in Washington, D.C. If you want to file late you can request an automatic six-month extension, but you’ll still need to pay what you owe by April 17 to avoid late-payment penalties. The 2018 tax season is opening six days later than in 2017. The IRS says it set a later 2018 opening date to give it time to assess the potential impact of the on tax returns and to make sure its tax processing systems are fully ready and secure. The IRS expects nearly 155 million individuals to file returns this year, up from about 153 million in 2017. Last year, the IRS received hundreds of complaints about bogus emails and other scams targeting tax filers and tax preparers. Identity thieves and scammers used individuals’ personal information to file fraudulent tax returns, steal personal data or to trick people into paying them money purportedly owed the IRS. The IRS says one of the best ways to avoid a is to understand that the agency does not contact taxpayers via email, text message or social media to request personal or financial information. It also does not call taxpayers to demand payments. The IRS says e-filing and choosing direct deposit for refunds is still the fastest and safest way to file. It expects more than four of every five tax returns to be prepared electronically. While 90 percent of refunds will be issued in less than three weeks, under federal law the IRS has to wait until mid-February to issue refunds for taxpayers who claim the Earned Income Tax Credit or the Additional Child Tax Credit before mid-February. The Earned Income Tax Credit benefits individuals with incomes between about $15,000 and $53,930 and who meet other financial requirements. The Additional Child Tax Credit is based on a filer’s income and tax liability. Taxpayers who need filing and preparation help through the IRS can find more information at . Also, beginning Feb. 1 you can take advantage of AARP Foundation’s free , now entering its 50th year.
You May Also Like
Cancel You are leaving AARP.org and going to the website of our trusted provider. The provider’s terms, conditions and policies apply. Please return to AARP.org to learn more about other benefits. Your email address is now confirmed. You'll start receiving the latest news, benefits, events, and programs related to AARP's mission to empower people to choose how they live as they age. You can also by updating your account at anytime. You will be asked to register or log in. Cancel Offer Details Disclosures
Close In the next 24 hours, you will receive an email to confirm your subscription to receive emails related to AARP volunteering. Once you confirm that subscription, you will regularly receive communications related to AARP volunteering. In the meantime, please feel free to search for ways to make a difference in your community at Javascript must be enabled to use this site. Please enable Javascript in your browser and try again.
Share:
0 comments
Comments (0)
Leave a Comment
No comments yet. Be the first to comment!
IRS Sets April 17 as Tax Filing Deadline | Trend Now | Trend Now