When is tax season

Penalties, interest and additions to tax will begin to accrue on any remaining unpaid balances as of May 17, Individual taxpayers will automatically avoid interest and penalties on the taxes paid by May Individual taxpayers do not need to file any forms or call the IRS to qualify for this automatic federal tax filing and payment relief. Individual taxpayers who need additional time to file beyond the May 17 deadline can request a filing extension until Oct. Filing Form gives taxpayers until October 15 to file their tax return but does not grant an extension of time to pay taxes due.

Taxpayers should pay their federal income tax due by May 17, , to avoid interest and penalties. The IRS urges taxpayers who are due a refund to file as soon as possible. Your original Connecticut return must have been received and processed by DRS to utilize this option. Form CTX can also be printed, completed, and mailed to DRS, if necessary, but please allow for additional processing time.

Please see:. There are no Connecticut statutory modifications that require this new federal exemption amount to be added back on Connecticut's return. Therefore, the excluded amount is not subject to Connecticut income tax. Has DRS issued initial guidance on the federal unemployment compensation exclusion for Connecticut taxpayers?

On the DRS Taxpayer Service Center online individual income tax return application, I believe I am eligible for the property tax credit listed on Schedule 3, but a message on the screen says I do not qualify. For example, if filing a Connecticut individual income tax return with a new status for the first time, the taxpayer should file online using 3 rd party software.

What is the best way to file my Connecticut income tax return? Tax season is a busy period for many tax preparers and accounting professionals. The three-and-a-half-month period at the beginning of the year is the time when the necessary paperwork, including wage and earnings statements such as s or W-2s , is collected to assemble tax returns.

While some individuals calculate their own tax returns, many rely on the expertise of tax preparers and accounting professionals to be certain the paperwork is filed correctly and to improve the financial outcome of the tax return. Individuals must file federal, state, and, in some cases, local tax returns. The IRS advises that all taxpayers keep copies of their prior-year tax returns for at least three years.

In the event of an IRS audit, a taxpayer will be required to present the last three years of their documents. In extreme cases, such as suspicion of fraud, they will be expected to show seven years of documents. The deadline for employers to file and send W-2s to employees is Jan. Businesses that hire independent contractors must send these nonemployees Form NEC as of the tax year. This form replaced MISC , which still remains in effect for payments made for things like rent, prizes, health care, among others.

Although the deadline to file your taxes is always April 15, there are cases when the IRS may have to extend it. That was the case with the as was the federal tax year. The agency extended the filing date for individuals until May 17, , due to the coronavirus pandemic. A further extension was granted to those living in Texas, Oklahoma, and Louisiana because of the winter storms that hit those states in February The deadline for individuals and corporations to file their tax returns was pushed to June 15, Even though many taxpayers file their tax returns on or by about April 15 every year, there is no need to put it off until the last minute.

Indeed, filing an early tax return can make sense for a variety of reasons. The IRS will begin processing tax returns for the tax year on Feb. Even if you don't file early, there are reasons to begin preparation as soon as you can.

Starting your filing process early gives you the time you need to collect the evidence needed to claim all of your deductions. You will avoid the headache of the middle of the night stress over figures and receipts. Overall, the IRS anticipates nine out of 10 taxpayers will receive their refund within 21 days of when they file electronically with direct deposit if there are no issues with their tax return. The IRS urges taxpayers and tax professionals to file electronically. To avoid delays in processing, people should avoid filing paper returns wherever possible.

The filing season open follows IRS work to update its programming and test its systems to factor in the second Economic Impact Payments and other tax law changes. These changes are complex and take time to help ensure proper processing of tax returns and refunds as well as coordination with tax software industry, resulting in the February 12 start date. The IRS must ensure systems are prepared to properly process and check tax returns to verify the proper amount of EIP's are credited on taxpayer accounts — and provide remaining funds to eligible taxpayers.

Although tax seasons frequently begin in late January, there have been five instances since when filing seasons did not start for some taxpayers until February due to tax law changes made just before the start of tax time. Home News News Releases tax filing season begins Feb. More In News. Tips for taxpayers to make filing easier To speed refunds and help with their tax filing, the IRS urges people to follow these simple steps: File electronically and use direct deposit for the quickest refunds.

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