It might take a little longer for your tax refund to arrive from Uncle Sam this year. That’s because the Internal Revenue Service is not accepting personal tax returns until January 31st.
“They’re re-doing forms this year, it’s because of the (government) shutdown and a lot workers were furloughed” says tax advisor Gilbert Gleason with H and R Block.
That means finished tax returns will be submitted two weeks later than normal, and refunds might take longer to be deposited into your bank account. But Gleason says if possible, don’t procrastinate having your taxes done.
“The benefit of doing it now, is if you do it now and we put you in the system, when the refunds start coming out after January 31st, you’ll be the first in line to get a refund.”
But remember, government shutdown or not, the one thing that stays the same is the deadline to file your taxes, which is still April 15th.
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