The nation’s tax season will begin Tuesday, Jan. 19. The IRS made the announcement Monday following a review of the tax extenders legislation signed into law on Friday.
On the first day of tax season, the IRS will begin accepting individual electronic returns. The IRS expects to receive more than 150 million individual returns in 2016, according to a news release. More than 4 out of 5 will use tax prepartion software for their returns. It will also begin processing paper tax returns the same day.
“We look forward to opening the 2016 tax season on time,” IRS Commissioner John Koskinen said. “Our employees have been working hard throughout this year to make this happen. We also appreciate the help from the nation’s tax professionals and the software community, who are critical to helping taxpayers during the filing season.”
The tax filing deadline is Monday, April 18. The traditional April 15 deadline was pushed back because Washington, D.C. will celebrate Emancipation Day on that Friday. In Maine and Massachusetts, filers get an extra day. The two states observe Patriots Day on Monday.