Every year, before the start of the fiscal year (FY), Congress must approve a spending plan. There are a total of 12 appropriations bills here.
One for each of the Appropriations Committee’s subcommittees. If the president approves the budget bill, then it will become law.
A shutdown of government operations is possible if there is a disagreement over the budget. Until new funding legislation is signed into law.
Only critical programmes like Social Security and Medicare are allowed to continue during a shutdown. To a considerable extent, however, taxpayer obligations remain unchanged.
Filing Taxes During a Shutdown
You can submit your tax return at any time, even during a government shutdown. As soon as you receive the necessary information.
Such as your W-2 and 1099 forms, you may get it ready and submit it in. If you are entitled a tax refund, the sooner your return is processed once it is received, the sooner you will get your money.
If you have a tax debt with the IRS, you should send a check, but if you expect a refund, you may wish to file electronically instead.
Paper returns cannot be processed until the government shutdown ends, so now is a good opportunity to switch to an electronic filing system if you haven’t already.
Tax Refunds Will Not Be Delayed Due to the Shutdown
To put it briefly, no, the government shutdown will not have any bearing on your tax refund. According to the same reimbursement timetable, you can anticipate receiving your refund.
Although the IRS had to furlough more than 80 percent of its workforce due to the shutdown, it did not completely shut down.
Previous shutdowns prevented the IRS from processing refunds. The Internal Revenue Service (IRS) maintained throughout the shutdown.
That tax season would begin on schedule (Jan. 28, 2019) and that it would still be able to issue refunds.
The Internal Revenue Service (IRS) recalled some furloughed employees (still without pay) in the month running up to tax season to have them prepare for tax season.
If you have issues regarding your tax return and would rather speak to an IRS official over the phone, you may need to postpone filing your taxes for a little while.
The IRS was staffed at a reduced level and could respond to fewer phone calls than usual during the shutdown. Some taxpayers who called the IRS with a question were not given a resolution.
This trend will persist into (and maybe even during) tax season. Because this is the first year that people will be required to file their taxes under the new regulations, there may be many unanswered questions.