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What to Know for Tax Season
CEDAR RAPIDS (CBS 2/FOX 28) --
January 31st is the first day of tax season, meaning the IRS will start filing tax returns and sending refunds.
This year, the agency delayed the process because of last year's government shutdown.
Local financial experts, though, say the delay won't change how taxes or handled or how quickly refunds will be returned.
They do recommend taking your forms to a professional to avoid mistakes.
"You'd never try to fill a cavity on your own. It does take a true professional to file your taxes and get it done correctly," said Mike Foley of Platinum Advisory Group.
Experts also say anyone applying for financial aid should get taxes done soon.
FAFSA applications require current tax information, and those who submit FAFSAs earlier can usually get more funding in grants and loans.