BELOW SUPERNAV drop zone ⇩

IRS delays start of tax season to Feb. 12

FILE – In this April 23, 2020 file photo, President Donald J.Trump’s name is printed on a stimulus check issued by the IRS to help combat the adverse economic effects of the COVID-19 outbreak in San Antonio. The IRS said that after initial problems, it is getting more of the second round of relief payments to taxpayers. A number of people who filed their taxes with an online preparation service initially found that their economic impact payment did not make it to them directly. (AP Photo/Eric Gay)

MAIN AREA TOP drop zone ⇩

Mortgage Calculator

This calculator helps you estimate your monthly mortgage payment. It adds up the loan payment (principal + interest), property tax, and insurance. The loan payment is spread out over the years of your loan term.

This is the total amount you're borrowing from the bank.
This is the yearly interest rate on your loan.
This is how long you'll take to repay the loan.
This is the yearly tax you pay on your property.
This is the yearly cost to insure your home.

Monthly Payment Breakdown

Principal and Interest: $

Property Tax: $

Homeowners Insurance: $

Total Estimated Monthly Payment: $

WASHINGTON (Nexstar) — The IRS will open tax-filing season on Feb. 12, delaying the start of tax season by about two weeks, the agency announced on Friday.

The tax season normally starts in late January but was delayed due to outgoing stimulus payments and changes to tax laws.

“These changes ensure that eligible people will receive any remaining stimulus money as a recovery rebate credit when they file their return,” the agency said.

The recovery rebate credit is available to tax filers who did not receive the full amount of their stimulus check.

Ways and Means Committee Chairman Richard E. Neal issued a statement on Friday saying he’s disappointed about the delay but recognizes the IRS is facing unique challenges this year.

“It is encouraging that the IRS expects taxpayers who file electronically at the beginning of the season and claim refundable tax credits to receive their refunds by the first week of March,” Neal said. “I urge taxpayers to complete their returns and file electronically as early as possible.”

The IRS also announced the IRS Free File program is available now if taxpayers want to start working in advance of the Feb. 14 date.

The deadline for filing your 2020 taxes is April 15.

Your Money

Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed

MAIN AREA MIDDLE drop zone ⇩

Trending on NewsNation

MAIN AREA BOTTOM drop zone ⇩

tt

KC Chiefs parade shooting: 1 dead, 21 shot including 9 kids | Morning in America

Witness of Chiefs parade shooting describes suspect | Banfield

Kansas City Chiefs parade shooting: Mom of 2 dead, over 20 shot | Banfield

WWE star Ashley Massaro 'threatened' by board to keep quiet about alleged rape: Friend | Banfield

Friend of WWE star: Ashley Massaro 'spent hours' sobbing after alleged rape | Banfield

Partly Cloudy

la

61°F Partly Cloudy Feels like 60°
Wind
6 mph SSW
Humidity
52%
Sunrise
Sunset

Tonight

Partly cloudy this evening, then becoming cloudy after midnight. Low 48F. Winds light and variable.
48°F Partly cloudy this evening, then becoming cloudy after midnight. Low 48F. Winds light and variable.
Wind
4 mph N
Precip
2%
Sunset
Moon Phase
Waning Crescent