On behalf of Silver Tax Group posted in Tax Audit on Monday, January 23, 2017.
When you think of Tax Day, you probably think of April 15. And, in most years, you’d be correct. But 2017 has a different deadline due to some scheduling quirks caused by holidays, so Tax Day actually falls later this year.
So when is the tax deadline for 2017?
This year, Tax Day is April 18.
Why? April 15 is a Saturday this year, and when that happens the deadline is moved to the following Monday. As an added twist to this scheduling adventure, that Monday (April 17) is also a legal holiday for the District of Columbia (Emancipation Day). Due to this, the deadline is moved back yet another day, to Tuesday, April 18, 2017.
Did you know? The IRS does not start processing returns as soon as the calendar flips to 2017. Tax season does not start until later in the month (January 23 this year), so any returns filed before then will just be waiting around until tax season officially “opens.”
Refund delays in 2017 for refunds claiming ETIC and ACTC credits
A different filing date is not the only tax-related change to expect in 2017. There are also new requirements for how the IRS processes certain tax credits, which may delay refunds for certain individuals. The IRS is required to hold refunds for the Additional Child Tax Credit (ACTC) and Earned Income Tax Credit (ETIC) until after February 15. These credits cannot be released separately from the rest of a refund, so if you are claiming either of these credits your entire refund could be held up. The IRS also cautions that even though February 15 is the official release date for these refunds involving these credits, it could take at least two weeks past then to actually see the funds in your account (due to processing time, a federal holiday on February 20, and a weekend in between).
A note for U.S. citizens living abroad
If you are a U.S. citizen (or resident alien) and on April 18 you are living outside of the United States, you may qualify for a two-month extension of the filing deadline. There are other requirements that must be met and a specific process that must be followed to get the extension, so be sure to check if you qualify.