Last year, nearly 80 million tax returns used e-file, representing about 57 percent of all returns.
“The state of Texas is following the same national trend,” Sanford noted. “Close to 5.6 million Texas returns were e-filed last year, and that figure is expected to grow.”
This year, the individual income tax packages mailed to taxpayers do not include any tax credit forms and certain other forms due to late tax law changes involving the alternative minimum tax (AMT) “patch.” Copies of these forms are available on IRS.gov. Taxpayers who e-file should update their tax software to ensure that they are using the updated forms.
The AMT changes also mean that as many as 13.5 million taxpayers using five forms related to the Alternative Minimum Tax (AMT) legislation will have to wait to file tax returns until the IRS completes the reprogramming of its systems for the new law. The IRS has targeted Feb. 11 as the potential starting date for taxpayers to begin submitting the five AMT-related returns affected by the legislation.
The February date allows the IRS enough time to update and test its systems to accommodate the AMT changes without major disruptions to other operations related to the tax season. Although some taxpayers will not be able to file their returns until Feb. 11, the effect of the delay may be lessened by the fact that based on previous filing patterns only 3 million to 4 million taxpayers filed returns with the five affected forms during these early weeks of the filing season.
The Feb. 11 delay caused by the AMT patch will affect any taxpayer using any of these five forms:
n Form 8863, Education Credits.
n Form 5695, Residential Energy Credits.
n Form 1040A’s Schedule 2, Child and Dependent Care Expenses for Form 1040A Filers.
n Form 8396, Mortgage Interest Credit.
n Form 8859, District of Columbia First-Time Homebuyer Credit.