Kansas Will Start Accepting Tax Returns on January 31, 2020. Get all the details on what this means for you and how to file your taxes.
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Kansas Will Start Accepting Tax Returns on January 31, 2020
Kansas will start accepting tax returns on January 31, 2020. This is good news for tax preparers and taxpayers alike. The state’s tax agency will start processing returns when they are filed, and refunds will be issued as soon as they are approved. This is a change from previous years, when the state did not start processing returns until February.
What This Means for Taxpayers
The Kansas Department of Revenue will begin processing 2019 individual income tax returns on January 31, 2020. Taxpayers can file their return electronically or by paper. The deadline to file 2019 individual income tax returns is April 15, 2020.
The due date for 2019 Kansas corporate income tax returns is April 15, 2020. The due date for 2019 Kansas fiduciary income tax returns is April 15, 2020.
If you have any questions, please contact the Kansas Department of Revenue at 785-368-8222 or [email protected]
How to Prepare Your Taxes
It’s tax season again! If you live in Kansas, you can start filing your taxes on January 31, 2020. This year, there have been a few changes to the tax code, so it’s important to be prepared. Here are a few tips on how to get your taxes done quickly and easily.
Get Your Tax Forms
The first step in preparing your taxes is to get your tax forms. The most common tax form is the 1040, which is the form used by most individual taxpayers. You can get a 1040 from the IRS website, from your employer, or from a tax preparer. If you’re not sure which form to use, you can consult the IRS website or a tax professional.
Once you have your forms, you need to gather your tax documents. These include things like your W-2 form from your employer, 1099 forms from any interest or investment income, and receipts for any deductions or credits you plan to claim. You can find a complete list of required documents on the IRS website.
Once you have all of your documents, you’re ready to start preparing your taxes.
Understand the Changes for 2020
One of the biggest changes for 2020 is that the standard deduction has nearly doubled. For a single filer, it went from $6,350 to $12,200. For a married couple filing jointly, it increased from $12,700 to $24,400. And for a head of household, it grew from $9,350 to $18,350.
Know What Deductions and Credits You Can Claim
Deductions and credits can save you a lot of money on your taxes, but you need to know which ones you can claim. The first step is to figure out whether you’re eligible for any deductions or credits. Then, you need to calculate how much each one is worth.
There are two types of deductions: standard and itemized. Standard deductions are a set amount that you can deduct from your taxable income. Itemized deductions are expenses that you can deduct from your taxable income if they exceed the amount of the standard deduction.
There are also two types of tax credits: nonrefundable and refundable. Nonrefundable tax credits can reduce your tax bill, but they can’t give you a refund if the credit is more than your tax bill. Refundable tax credits can give you a refund even if the credit is more than your tax bill.
If you’re not sure which deductions or credits you can claim, talk to a tax professional or use an online tax preparation service.
Tips for Filing Your Taxes
The IRS urges taxpayers to file early. When you file early, you reduce the possibility of identity theft and you get your refund faster. The IRS issues most refunds within 21 days.
If you need more time to file your taxes, you can request an extension. Extensions give you extra time to file, but they do not extend the time you have to pay any taxes due.
Check for Accuracy
It is important to check your return for accuracy before you file. The Kansas Department of Revenue (KDOR) will begin processing 2020 individual income tax returns on January 31, 2020.
If you discover an error after you have filed your return, you can file an amended return. You must amend your return if there is a change in:
You have three years from the due date of the original return or two years from the date you paid the tax, whichever is later, to file an amended return. You should file an amended return as soon as possible after discovering the error.
Keep a Copy of Your Return
No matter how you file your taxes, paper or electronically, make sure you keep a copy of your return. The copy of your e-filed return should be available to you within 24 hours after the IRS accepts it. If you filed a paper return, it could take four to six weeks for the IRS to process it. Once the IRS has processed your return, they will send you a notice that includes information on any refund or balance due.
Resources for Taxpayers
The Kansas Department of Revenue will start accepting tax returns on January 31, 2020. Taxpayers can either file their taxes electronically or by paper. The due date for filing taxes is April 15, 2020.
The Kansas Department of Revenue
The Kansas Department of Revenue is responsible for the administration of tax laws in the state of Kansas. The department collects and disburses taxes and fees, administers motor vehicle regulations, and issues driver’s licenses. The department also regulates alcohol and tobacco products, manages the state lottery, and regulates racing and pari-mutuel betting. The department has offices in Topeka, Wichita, Salina, Kansas City, and Manhattan.
The Internal Revenue Service
TheInternal Revenue Service is the nation’s tax collection agency and administers the Internal Revenue Code enacted by Congress. TheIRSweb site provides taxpayers with resources on how to file their taxes, including tax forms, instructions, publications, and frequently asked questions.