The IRS will begin accepting tax returns Jan. 30, after updating forms and completing programming and testing of its processing systems. This will reflect the bulk of the late tax law changes enacted Jan. 2.
The announcement means that the vast majority of tax filers — more than 120 million households — should be able to start filing tax returns starting Jan. 30.
The IRS estimates that remaining households will be able to start filing in late February or into March because of the need for more extensive forms and processing systems changes. This group includes people claiming residential energy credits, depreciation of property or general business credits. Most of those in this group file more complex tax returns and typically file closer to the April 15 deadline or obtain an extension.
The IRS will not process paper tax returns before the anticipated Jan. 30 opening date. There is no advantage to filing on paper before the opening date and taxpayers will receive their tax refunds much faster by using e-file with direct deposit.
The IRS anticipates that the vast majority of all taxpayers can file starting Jan. 30, regardless of whether they file electronically or on paper.
The Fort Bragg Tax Center will open as scheduled Wednesday and will complete tax returns; however, it will not be transmitted to the IRS until Jan. 30. This is a world-wide issue and going to a paid preparer will not guarantee a quicker refund. The tax center complies with the same tax laws as every preparation agency, but they do it all for free for active-duty military, Family members and retirees.