What happens if there is a government shutdown at the same time you file your tax return? It’s something we might find out this weekend, since there is a possibility of a government shutdown Friday night.
Right now, as the possibilities of another tax filing delay are on the horizon, it’s hard to tell what exactly might happen. Depending on whoyouask, you might get a different answer.
Possible Tax Impacts of Government Shutdown
Based on all of the news reports, here’s a summary of what might happen with your tax return during a government shutdown:
However, even if large portions of the the IRS are shutdown, the IRS will still accept payments and you must still file by the tax deadline.
Tax Refund Processing
The biggest question people are likely to ask is if a government shutdown will delay your tax refund. And it could, based on how you file. Here’s what might possibly happen to tax refunds based on earlier predictions:
Tax refunds for paper filers will be halted.
Tax refunds for efilers will most likely be electronically deposited.
We probably won’t find out exactly what will happen until it occurs, but if you are counting on a tax refund it seems pretty obvious that it would be in your best interest to efile this year.
Of course, whether or not the government shutdown will happen is a whole different can of worms!
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