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IRS Announces Start Date for 2018 Filing Season

Today, The IRS announced that the filing season will begin on January 29, 2018. The IRS scheduled the opening of the filing season to start on this date to ensure the security and readiness of key tax processing systems before the opening, and to give the agency time to properly assess the potential impact of tax legislation on 2017 tax returns.

In addition to IRS announcing that the filing deadline will be April 17, IRS reminded taxpayers that should they claim the Earned Income Tax Credit (EITC) and the Additional Child Tax Credit (ACTC), that refunds will be unavailable before mid-February. IRS expects EITC/ACTC refunds to be available in taxpayers' bank accounts or through debit cards by February 27, 2018 if the taxpayer chose direct deposit and there are no other issues with the filed return.

The IRS further reminded taxpayers that many financial institutions do not process payments on weekends or holidays. Therefore, the three-day holiday weekend involving President's Day may affect the refund timing for EITC and ACTC filers.

NAEA will continue to update members on any new updates relating to the filing season. Please also check the IRS Newsroom webpage for additional updates.