IRS gears up for the Get Ready campaign

 

November 20, 2020

​Are you ready for tax year 2021? The IRS launched its annual Get Ready campaign featuring communication and outreach messages encouraging everyone to take steps now to get ready to file 2020 federal tax returns.
This year, the Get Ready campaign focuses on three main themes:

  1. gathering tax records,
  2. knowing what’s new for the 2020 tax year, and
  3. staying home and staying safe with IRS online tools.

Get Ready covers several key areas, such as:

  • Individual Taxpayer Identification Number (ITIN): Some people need to renew an expiring ITIN.
     
  • Earned Income Tax Credit or the Additional Child Tax Credit: Just like last year, refunds for tax returns claiming these credits cannot be issued before mid-February. This applies to the entire refund, even the portion not associated with these credits.
     
  • Estimated tax payments: Others may need to consider estimated tax payments due to non-wage income from unemployment, self-employment, annuity income or even virtual currency. The Tax Withholding Estimator on IRS.gov can help determine if the need to adjust  withholding, consider additional tax payments, or submit a new Form W-4 to an employer. For more information about estimated tax payments or additional tax payments, visit payment options at IRS.gov/payments.

IRS.gov connects individuals with online tools to safely get needed information 24 hours a day. Millions of people can use the online tools to find key information about their accounts or file and pay taxes.

Visit the Get Ready webpage at IRS.gov/getready to easily find other Get Ready guidance, like Publication 5348, Get Ready to File PDF. There are also several news releases that raise awareness about practices like compiling documents, including Notice 1444, Your Economic Tax Payment, for those who received an Economic Impact Payment. Additional information relating to potential eligibility for the Recovery Rebate Credit or the need to report refund interest payments as income can assist people in preparing for the 2021 tax filing season.

For more information, visit IRS.gov/getready and read Publication 5348, Get Ready to File PDF and Publication 5349, Year-Round Tax Planning is for Everyone PDF.