2014 US Tax Season to Start Later Following Government Closure
Published On: 23/10/2013
The Internal Revenue Service today announced a delay of approximately one to two weeks to the start of the 2014 filing season to allow adequate time to program and test tax processing systems following the 16-day federal government closure.
President Obama signed a bill into law that temporarily ends the partial government shutdown and raises the debt ceiling. The Bill funds the government until 15 January 2014 and raises the debt ceiling until 7 February. Leaders agreed to set-up a Senate-House budget conference to negotiate fiscal reforms and report to Congress by 13 December 2013. The Bill grants back pay to federal workers who were furloughed as a result of the shutdown. The Bill also contains one change to the Affordable Care Act – a new process to verify the income claims of people applying for federal health insurance subsidies.