Over 25,000 Federal Income Tax returns filed in Maverick County will not be delayed by the partial government shutdown.
The delay issue was a possibility until Monday afternoon when the Federal Government announced that there wouldn’t be any delays to the Internal Revenue Services issuance of refunds.
The sheer consequences of such delay would affect the community in so many ways including local government entities who usually receive a bulk of their property taxes payments around this time.
Luckily that won’t be the case and people will be able to submit and receive their returns on a timely basis this year.
The Federal Government has stated that the IRS will issue refunds to taxpayers even if the U.S. government shutdown extends into the filing season.
White House Office of Management and Budget acting director Russell Vought stated that no matter what happens,“Tax refunds will go out.”
The decision announcement came as a relief to millions of taxpayers who file as soon as the tax filing period opens up.
The tax filing season start date has not been announced but should open up in late January or early February.
The tax refund delay could have caused a severe economic setback throughout the nation which is accustomed to the spending boost around this time of the year.