IRS Announces Opening of Filing Season

The IRS announced that it will begin accepting individual 2019 returns on Jan. 27, 2020, and business returns beginning Jan. 7, 2020.

The IRS cannot issue refunds claiming the Earned Income Tax Credit (EITC) and the Additional Child Tax Credit (ACTC) before mid-February. It is anticipated that the earliest EITC/ACTC related refunds to be available in taxpayer bank accounts or on debit cards starting on February 28, if they chose direct deposit and there are no other issues with the tax return.

From TAXPRO Weekly

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