For those eagerly awaiting your 2015 tax refund – the day you’ve been waiting for has arrived.
Today is the first day you can file your 2015 tax return.
For those not as eager – or are procrastinators – there’s good news. Taxpayers have until Monday, April 18 to file their 2015 tax returns due because of the Emancipation Day holiday in Washington, D.C., falling on Friday, April 15.
The IRS expects more than 70 percent of taxpayers to again receive tax refunds this year. Last year, the IRS issued 109 million refunds, with an average refund of $2,797.
There also are more tax benefits for both businesses and individuals to take advantage of with the recent passage of the Protecting Americans from Tax Hikes Act of 2015, IRS Commissioner John Koskinen noted in a recent press release.
“This provides certainty for planning purposes, which will help taxpayers and the tax community as well as the IRS,” he said in the release.
Read more about the many tax benefits included in the 2015 PATH Act.
Choosing e-file and direct deposit for refunds remains the fastest and safest way to file an accurate income tax return and receive a refund, the IRS said. The IRS anticipates issuing more than nine out of 10 refunds in less than 21 days.
Looking for advice on your 2015 taxes? We’re experienced in the most beneficial individual and business tax strategies. Contact our Pennsylvania office at info@concannonmiller.com or 888-433-1515 or our Florida office at flinfo@concannonmiller.com or 800-272-2733.
