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Ernst & Young

Tax season begins as IRS begins to accept returns

What's new when you file your taxes this year? Taxpayers without health insurance will face larger penalties, and those insured by their employers will get a new tax form. There also have been adjustments for inflation, and Congress extended expiring tax breaks, some permanently.

"The good news is that we finally have some certainty," said Kathy Pickering, executive director of the Tax Institute at H&R Block.

The arrival of the new year means it's time to start thinking about gathering the documents needed to file taxes. They include W-2 forms reporting wages or salaries, which employers will send out this month. You'll also need Form 1099 reporting interest...

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