2012 Tax Filing Season

Similar to calendar year 2011, April 15, 2012 falls on a weekend – Sunday to be specific. The following Monday is Emancipation Day in the District of Columbia. Since D.C. holidays have the same effect as federal holidays, the 2012 tax season is extended making the filing deadline April 17, 2012. For you early-bird filers expecting a refund, the IRS will begin accepting e-filed returns on January 17, 2012.

However, unlike last year’s protracted season that largely stemmed from regulation delays, the deadline remains October 15, 2012 for filing an extension of your return. Also, never forget that filing – no matter what date or what year – and paying taxes are two separate events. If you owe this year, the amount due or estimated amount due remains steadfast at April 17, 2012. 

Anticipating around 144 Million individual income tax returns, the IRS cites several improvements to the overall system making filing as easy as possible this year. Improvements include an easier to navigate website, direct access to software and help from www.irs.gov, and even an interactive video series to assist with your return.

Taxpayers making less than $57,000 per year have over 20 free software choices for e-filing from name brand vendors. There is no income limit or usage limit for utilizing any IRS fillable PDF forms. These can be filled in directly from your computer and printed out to sign and file. Taxpayers making less than $50,000 per year may even find free tax preparation service through a Volunteer Income Tax Assistance program (VITA).  You may find VITA centers at local libraries, community centers, or by calling  1-800-906-9887 to find the nearest VITA center for your location.