Ready, Set, File: Advice For This Tax season

PANAMA CITY, Fla. - Ready, set, file. It's been one week since the Internal Revenue Service opened it's 2018 tax season.

They're expecting to collect more than 150 million individual returns this year.

About two thirds of Americans will receive a refund. For everyone filing, the magic date is April 17 for the last day to file taxes and pay anything owed.

Filing early will bring your refund in sooner, and possibly avoid scammers.

Matt Massey with Liberty Tax says they hear of IRS impersonators asking for money and threatening people over the phone.

"That is always a scam, that IRS does not call you asking for money," Massey said.

He said any government shutdown, like the one that may happen Thursday, could affect your return.

"If we have a shut down and it lasts a long time, it may delay your return," he said.

Those who claim the earned income tax credit (EITC or EIC) or the additional child tax credit will wait longer for their returns automatically because they're usually larger amounts. 

"You need to go ahead and get the return in," Massey said.

You may have already seen an boost in yor paychecks, but the new tax code won't affect the amount you receive back this year.

However, under the bill, filers who claim medical expenses can now deduct qualifying costs that exceed 7.5 percent of their adjusted gross income.
Massey said most of the biggest changes will be coming next year.

The IRS also urges people to file their taxes electronically for quicker refunds.

To check the status of your refund, visit:

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