Late Start of Tax Filing Season Will Affect Availability of IRS Data Retrieval Tool
Following the January tax law changes made by Congress under the American Taxpayer Relief Act (ATRA), the Internal Revenue Service announced today it plans to open the 2013 filing season and begin processing individual income tax returns on Jan. 30.
The IRS will begin accepting tax returns on that date after updating forms and completing programming and testing of its processing systems. This will reflect the bulk of the late tax law changes enacted Jan. 2. The announcement means that the vast majority of tax filers -- more than 120 million households -- should be able to start filing tax returns starting Jan 30.
Since tax data is generally not available for retrieval for at least three weeks after a tax return is electronically filed, the earliest that the DRT will have 2012 tax information available for retrieval will be late February. Originally we had announced February 3, 2013, was the date filers could begin attaching their tax return information on their FAFSA.
New Resource Available: FAFSA Tips and Common Mistakes to Avoid
Direct Stafford Loans are changing for the 2012-13 academic year. Read more about the changes.
Students who are applying for the Grad PLUS Loan for the 2013-2014 academic year must wait until July 1, 2013 to apply because the credit check is only good for 90 days. If you have any questions please contact us.