CLEVELAND — News 5 has been hearing from many of you who are confused about a recent ruling by the IRS. The department said the tax filing season is now delayed until February 12. Here’s what that means for you the tax filer.
Accountant Larry Yunaska from Baumgarten & Company said in the past few years the IRS had been letting people file their taxes in January. However, with this new start date, those who typically file early will see their refunds delayed compared to last year. All this at a time when so many are desperate to get those refunds because they’re out of work with the pandemic.
“These people need their refunds,” said Yunaska. “So, when they do file, definitely make sure that they do not request a paper check, that they use a direct deposit account so they can get the money much faster than a paper check.”
Yunaska told us the electronic filing is key for anyone who wants their refunds sooner than later and that means being organized now.
“Get your tax return prepared,” said Yunaska. “Even though you can’t file it until the 12th electronically, at least when it does open up, you can be in front of the line.”
The IRS said if there are no problems with your filing, “nine out of 10 people will receive their refund within 21 days of when they file electronically with direct deposit.”
Also, last year because of the pandemic, the IRS moved the filing deadline from April 15 to July 15. However, this year Yunaska said so far, the April 15 date still stands.
Could that change? We’ve seen so many changes in the last year, so 5 On Your Side Investigators will stay on top of that for you.