Audience : All Associates

TAGS: Tax, IRS, Tax returns, IRS, Withholding, Federal income tax, 

The IRS issued Bulletin IR-2021-16 on 15 January, 2021, advises taxpayers that the 2021 Federal income tax filing season would be delayed to 12 February 2021. This delay has precedent; there have been five instances of filing season delays since 2007.

The delay is necessary to allow the IRS to update its’ systems, as well as integrations with commercial tax filing software platforms. The updates are required to accommodate tax computation changes related to the 27 December 2020 Economic Impact Payments authorized by the Administration. 

The IRS provided these key dates for the 2021 filing season: 

  • January 15. IRS Free File opens. Taxpayers can begin filing returns through Free File partners; tax returns will be transmitted to the IRS starting Feb. 12. Tax software companies also are accepting tax filings in advance.
  • January 29. Earned Income Tax Credit Awareness Day to raise awareness of valuable tax credits available to many people – including the option to use prior-year income to qualify.
  • February 12. IRS begins 2021 tax season. Individual tax returns begin being accepted and processing begins.
  • February 22. Projected date for the Where's My Refund tool being updated for those claiming EITC and ACTC, also referred to as PATH Act returns.
  • First week of March. Tax refunds begin reaching those claiming EITC and ACTC (PATH Act returns) for those who file electronically with direct deposit and there are no issues with their tax returns.
  • April 15. Deadline for filing 2020 tax returns.
  • October 15. Deadline to file for those requesting an extension on their 2020 tax returns.