After a tumultuous 2020, the IRS will open tax filing season on Friday, February 12th, a few weeks later than years in the past. The deadline to file and pay any tax owed reverts to April 15th, after last year’s COVID-19 related extension.
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It just seems wrong, but for millions of Americans, the early summer weeks will include preparing and paying taxes. Because of the pandemic’s timing and impact, the IRS delayed the tax-filing and payment deadlines from April 15th to July 15th.
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Tax season opens on January 27th. The deadline to file 2019 tax returns and pay any tax owed is Wednesday, April 15, 2020 and the IRS expects that more than 150 million individual tax returns will be filed.
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The clock is ticking for the millions of Americans who have not yet filed their tax returns. And probably for good reason, as this is the first tax year of the Tax Cuts and Jobs Act (TCJA), and there has been a lot of confusion. To help, here are the most frequent questions that have arisen, as well as a bunch of resources:
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