The question of when you can file your taxes is a common one, and the answer is that it depends on a few different factors. In general, you can prepare your return as soon as you have all of the necessary tax documents, but the IRS will not accept returns before a pre-defined date.

One of the main factors that determines when you can file your taxes is the availability of tax forms. The IRS typically releases the forms and instructions for the upcoming tax year in the fall, and tax preparation software companies also make their products available around the same time. However, it is important to note that some forms, such as the W-2 and 1099, may not be available until the end of January.

Another factor that determines when you can file your taxes is the availability of tax preparation software and services. Many tax preparation software companies and professionals begin accepting returns in late January or early February, once the forms and instructions are available and they have updated their software.
The IRS also has a set date when they begin accepting tax returns, which is typically in the last week of January. However, due to the COVID-19 pandemic, the Internal Revenue Service has announced that the 2021 tax filing season will begin on February 12, 2021.

It’s important to note that while you can prepare your return as soon as you have all the necessary tax documents, the IRS will not process your return or issue refunds before the official start date. This means that if you file your return early, it will sit in a queue until the IRS begins processing returns for the new tax year.

Additionally, it is important to note that even though you may be able to file your return early, you may not be able to claim certain tax credits or deductions until a specific date. For example, the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC) are not available until the IRS begins accepting returns for the new tax year.

In conclusion, while you can prepare your return as soon as you have all the necessary tax documents, the IRS will not accept returns before a pre-defined date. The official start date for the 2021 tax filing season is February 12, 2021. It’s important to note that even though you may be able to file your return early, you may not be able to claim certain tax credits or deductions until a specific date. It is always best to consult with a tax professional or visit the IRS website to get the most up-to-date information on tax filing season.