While many Americans will decide to wait at least a few more weeks, the IRS says it will start accepting electronically filed tax returns today. IRS Free File Program Director Diane Fox says it remains one of the quickest ways to do your own taxes and receive a prompt refund.
Through the agency’s website, taxpayers can find multiple online software packages that will allow them to prepare tax forms and send them directly to the IRS.
For households making less than $58,000 a year, Fox says Free File is available. Those making above that amount can use the same forms.
Following the late passage of tax legislation in December, the IRS is working to make some updates to the e-file system. As a result, Fox says certain taxpayers who itemize their deductions will be able to prepare their returns, but they will not be processed until at least next month. An estimated nine million people will be impacted by the delay, which largely covers taxpayers who itemize using the Schedule A tax form or claim certain education deductions.
If you’re not quite ready to get your taxes in, don’t worry. Fox says you’ll have until April 18th to get your return filed this year, due to a conflicting holiday on the traditional April 15th date.