The IRS has announced the start date for the 2016 tax season. And surprise! There is no delay. Tax season for both paper and electronic returns will be on Tuesday, January 19th, 2016 which is one day earlier than last year start date (January 20, 2015).
Even better? There’s no tiered opening season. All taxpayers can begin filing on January 19, 2016. There was some concern about the tiered filing system because Congress had initially signaled that it might not sign off on all of the tax extenders. Congress eventually approved a tax extenders package which renewed all of those four dozen or so provisions for a year – with no changes – making it possible for all taxpayers to start filing at the same time. President Obama signed the tax extenders package into law on December 19, 2014.
The IRS will begin accepting individual electronic returns on Tuesday, January 19, 2016. The IRS expects to receive more than 150 million individual returns in 2016, with more than four out of five being prepared using tax return preparation software and e-filed. The IRS will begin processing paper tax returns at the same time.