IRS: Happy Valentine’s Day

It looks like the IRS needs a little more loving this year, as well as your money.  The agency has announced that Valentine’s Day will be the first day it’ll accept all itemized tax returns. The IRS needed more time to program its processing systems because Congress acted so late this year in cleaning up the tax code.

Millions of early filers may have to wait a little longer this year, but that doesn’t mean you shouldn’t get started on your taxes. First, keep certain dates in mind, as things are a little different this year.

  • January 31st is the deadline for employers to distribute w-2 forms.
  • Thanks to an April 15th holiday in the District of Columbia, this year’s federal deadline is now April 18th.
  • Gather forms you need yourself, keeping in mind that the IRS has stopped sending paper forms to you in the mail.
  • And round-up documents like W-2s and other items related to income and investment, and check them closely for any errors when you get them.

So once again, if you claim itemized deductions, you’ll be able to file your tax return starting Feb. 14th.   Flowers, chocolates and 1040’s.  For the love of money, it’s going to be a great day!

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