We generally only think about the Internal Revenue Service
between January and mid-April, but the agency is busy the whole year-round. And
because it was closed for a couple of weeks during the government shutdown at
the beginning of this month, it won’t be ready to accept returns starting
January 21, 2014, as previously announced. That date has been pushed back to either
January 28 or February 4.
The people who file that early are generally those expecting
big refunds. Last year, the IRS handed out $135 billion in refunds prior to
March 1. That’s more than it distributed between March 2 and May 10, even
though many more taxpayers filed returns in that period.
This will be the second year in a row in which the IRS has
gotten a late start. At the beginning of this year, there was a delay when haggling
over the fiscal cliff left everyone unsure of what the federal tax rates would
be. Just like in 2013, though, one date hasn’t changed: Your taxes are still
due on April 15.
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