First Day to File Taxes 2020: When Can You Start Filing Taxes?

When is the First Day to Start Filing Taxes in 2020?

The Internal Revenue Service has set the opening day for the 2020 filing season as Monday, Jan. 27, 2020. That’s the day the IRS will start accepting and processing 2019 tax year returns.

If you use online tax filing to file your taxes in 2020, it can give you an early start on getting your tax refund back.

File Your Taxes on the First Day With H&R Block & TurboTax 2020

Get started on early tax filing so you can get your refund.

With online tax filing, you can file your taxes on the first day of tax season and get your refund back as soon as possible.

Existing customers will find it even easier as they’ll be able to import last year’s returns. For those with simple tax affairs, it’ll take only a few minutes to begin preparing everything the IRS needs to file your tax return.

H&R Block Federal Free Edition

The cheapest filing option is the free option. It lets you file your federal tax return, and all state returns for free. This choice works best for basic returns. The major tax forms that it supports are the 1040, Schedule EIC for the earned income tax credit, and Schedule 8812 for the Additional Child Tax Credit.

You can also use this form with some other common tax forms: Form 1099 (B, DIV, INT, and R), 1098 (E and T), and 1095 (A and B). Filing other forms will require you to upgrade to a paid plan.

H&R Block Paid Plans

Paid plans range from $49.99 to $104.99 for federal tax filing. All state filing costs are $39.99 per state, with the paid plans. Most filers can do their taxes with the Deluxe version, which costs $49.99 and includes software for maximizing tax deductions. If you do freelance work or own a small business, you’ll likely need to upgrade to the Self-Employed plan, which costs $104.99.

H&R Block Discounts are also available.

TurboTax Federal Free Edition

Like H&R Block, TurboTax has a Free tax filing option that allows you to file your federal return and one state return for free. However, the free option only supports simple returns with form 1040. The free option includes one free state return. TurboTax’s free option supports form 1040 with some child tax credits.

TurboTax Paid Editions

If you want to itemize your deductions with Schedule A (or if you need to use any other forms), you will need to upgrade to a paid plan. There are three paid plans that range from $59.99 to $119.99 for federal filing. State filing is always $44.99 per state, with paid plans.

The Deluxe option will be enough for most filers. It costs $59.99, which is $10 more than the Deluxe option from H&R Block. You get slightly more features for that additional cost, however. Small business owners and self-employed individuals will need to upgrade to the Self-Employed option, which costs $119.99 for a federal return.

TurboTax Discounts are also available.

Start Filing Your Taxes for Free!

As mentioned, both services offer a free file option for simple returns. You can also file some additional schedules and forms with this option. However, H&R Block does cover more forms and schedules with its free option. It also allows you to file multiple state returns for free.

By contrast, the free plan from TurboTax includes only one free state return. This all gives H&R Block a slight advantage if you qualify for the free option.

How to Maximize Your Tax Refund!

Save up to 35% on H&R Block and TurboTax!