Tax Season 2020: Key Dates and Deadlines

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Tax season is upon us, and here are some of the biggest deadlines to keep in mind.

Due to the coronavirus pandemic, the deadline to file your 2019 taxes was extended. Normally, the majority of the country has until April 15 to submit their returns. Now filers have until July 15 to file—a buffer because of the unprecedented economic impact of the global virus.

This gives individuals and businesses an extra three months to file and make payments without incurring interest or penalties. You can read about it more here on the IRS.

Whenever you choose to file, your refund (if you got one) generally arrives in your bank account 21 days after the IRS has accepted your tax returns. If you feel so inclined, there are ways to track your tax refund on a desktop or through the IRS’ mobile app. Statuses on tax refunds are updated overnight, per the IRS website.

State tax refunds differ somewhat from federal refunds, so you'll have to check your state's official website to see your state refund status.

The IRS began processing returns for this tax season on Jan. 27. 

Tax season can be stressful, especially in the midst of a pandemic, but remembering these important deadlines and tips will help.

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