Problem updating turbotax

Posted by / 02-Mar-2016 13:24

This year, the delay is due to the 16 day government shutdown.

The IRS just announced that the 2014 Tax Season will Start Later following the government closure.

The tax filing season was supposed to begin on January 21, 2014. You will still get your tax refund quicker by e-filing, even with the delay.

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. The IRS won’t process paper forms before the start date either.

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. The tax filing season was delayed last year due to the delays in resolving the fiscal cliff, the Alternative Minimum Tax (AMT), and the Education Credits. 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?

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.

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