Tax Season Begin on January 19, Closes on April 18
As we prepare to flip our calendars from 2015 to 2016, we reminisce about the year that has come and gone. We talked about a lot of tax issues this year, and you have certainly had a lot happen in your life too. With a new year, it means that your financial life will again be laid bare as the Internal Revenue Service requires you to file your taxes.
But when will the IRS start accepting your filings? When is the tax window for 2016? Well, the IRS recently announced when tax season would be, declaring that it will open on Jan. 19 and close on April 18.
No one wants to think about filing their taxes, and yet here we are. Many people will jump on the task, getting it done as quickly as they can. Some people will utilize an electronic filing, which can be simple and effective. Many other people, though, will likely procrastinate. There’s nothing wrong with this, so long as you get your filing done on time — or submit an extension for your filing.
If you are going to request for an extension for submitting your tax filing, make sure it gets in by April 18. If you do this, you will be granted an additional six months to get your tax filing in. This can be helpful not only for people who may have waited a bit too long to submit their tax filing, but also for people who have complicated tax situations and who may need time to get all of their paperwork in order.
Source: CNN Money, “IRS tax season: You can start filing January 19,” Jeanne Sahadi, Dec. 21, 2015
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