4 Things to Know About Filing Your Taxes This Year

Filing a tax return may not rank on your top 10 list of fun things to do, but it's a necessary task for most of us. If you're gearing up to file taxes this year, here are a few things you ought to know about.

Normally, the IRS begins accepting tax returns at the end of January. This year, however, the agency won't accept tax returns until Feb. 12. Earlier this month, the IRS got busy sending out the $600 stimulus checks that were approved as part of the latest round of coronavirus relief. As such, it needs more time to process incoming returns.

Delaying the start of the tax season also means delaying refunds for early birds, so if you're eager to get your money, aim to have your taxes ready as close to Feb. 12 as possible.

Source Fool.com