Just like last year (and the year before) there will be delays to the start of the tax filing season again this year. The delay will apply to 2013 tax returns filed in 2014. This year, the delay is due to the 16 day government shutdown.
Income Tax Delay 2014
The IRS just announced that the 2014 Tax Season will Start Later following the government closure. The IRS closed about 90% of their operations during the government shutdown, which is also peak season for the IRS to update, program and test their processing systems.
How Long is the IRS Tax Delay for 2013 Tax Returns?
The beginning of tax filing season will be delayed approximately one to two weeks. The tax filing season was supposed to begin on January 21, 2014. The IRS stated that the delay will likely mean that they’ll start accepting tax returns sometime between January 28, 2014 and February 4, 2014. They’ll make a final decision in December on when the IRS will begin accepting tax returns for 2014.
Another shutdown, obviously, will likely mean longer tax return delays for 2014.
Will the tax deadline be extended?
No. Even if there is a delay to the start of tax season, the tax deadline will still be April 15, 2014. You can still request a tax extension.
Should you file by paper?
No. You will still get your tax refund quicker by e-filing, even with the delay. The IRS won’t process paper forms before the start date either.
What are some of the changes the IRS is programming?
One new tax change that will apply for the 2013 tax year is the New 2013 Investment Tax. While the new Health Insurance Premium Tax Credit has been in the news lately, it doesn’t begin until January 1, 2014, so it won’t show up on your tax return until the following year when you file in 2015.
At this point it is unclear if the refund timeline will be impacted beyond just the late start to the filing season. Normally, filers can expect their refunds in 21 days: How Long Does it Take to Get Your Tax Refund? Last year the tax filing delay started a ripple effect that caused a tax refund delay in 2013. We might be looking at the same thing again this year.
You can get my latest articles full of valuable tips and other information delivered directly to your email for free simply by entering your email address below. Your address will never be sold or used for spam and you can unsubscribe at any time.
Advertiser Disclosure: MyDollarPlan.com is an independent, advertising-supported service. The offers that appear on this site are from companies which MyDollarPlan.com receives compensation. This compensation may impact how and where products appear on this site, including, for example. the order in which they may appear within listing categories. Other factors, such as our own proprietary website rules and the likelihood of applicants' credit approval also impact how and where products appear on this site. MyDollarPlan.com does not include the entire universe of available financial or credit offers.
Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author's alone, not those of the bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.