2022 Tax-Filing Season Begins Jan. 24

Rate this post
2022 Tax-Filing Season Begins Jan. 24

Taxpayers may begin submitting their 2021 tax returns on Monday, January 24, 2022, according to the Internal Revenue Service (IRS). This will allow the IRS to “conduct programming and testing that is vital to ensuring IRS systems work properly,” according to the agency.

The start date for 2022 tax filing is Jan. 24, which is 19 days sooner than the start date for 2021, which is Feb. 12.

At the same time, the IRS cautions that the forthcoming filing season may be tough for both taxpayers and tax preparers because to pandemic-related delays, a backlog of unprocessed returns dating back to 2021, and years of budget cutbacks that have made the agency’s work more difficult.

Key Takeaways

  • Taxpayers may start submitting their 2021 tax returns on Monday, January 24, 2022, which is 21 days sooner than last year.
  • The IRS has warned that refunds may be delayed in 2022 owing to pandemic-related concerns, budget constraints, and unprocessed returns from 2021.
  • The IRS advises people to file as soon as possible after Jan. 24 and to make sure their documentation is in order.
  • The IRS recommends that people seek assistance online and only utilize phone lines when required.
  • According to the government, if you file online, choose direct deposit, and assume there are no problems with your return, you should get your refund within 21 days.

Get Started Now IRS Urges

The IRS expects that the early (by COVID norms) start date would enable the agency to get a head start on processing, which IRS Commissioner Chuck Rettig characterized in a statement as a “huge endeavor.”

  After-Tax Income Definition

“IRS personnel have been working nonstop for months to prepare,” Rettig added. “While the epidemic continues to pose obstacles, the IRS reminds taxpayers that there are crucial measures they can take to assist guarantee their tax return and refund are processed as soon as possible.”

The IRS is distributing special notice letters with the amount received to beneficiaries of American Rescue Plan Economic Impact Payments or advance Child Tax Credit payments.

The IRS advises customers to take the following procedures to reduce processing delays and speed up refunds:

Direct deposit may be made via a bank account, prepaid debit card, or mobile app. You must supply routing and account numbers.

File Anytime Between Jan. 24 and the April 18 Deadline

For most taxpayers, the deadline to file your 2021 tax return or request an extension is Monday, April 18, 2022. Because of the District of Columbia’s Emancipation Day holiday, the due date in 2022 is April 18, rather than April 15. Due to the Patriots’ Day holiday in both states, taxpayers in Maine and Massachusetts have until April 19, 2022, to submit their returns.

Remember that the deadline for filing or requesting an extension is April 18 (or 19). The sooner you submit (after January 24), the sooner you will get any refund due. According to the IRS, if you are waiting for your 2020 return (or amended return) to be completed, you do not have to wait to submit your 2021 return.

If you apply an extension by April 18 (or 19), you will have until Monday, October 17, 2022 to file your 2021 tax return. However, you must pay your anticipated taxes by the standard tax filing date of April 18. (or 19).

  Property Tax Exemptions to Seek During Assessments

Things That May Delay Your Refund

Even if you have until January 24, 2022 to complete your tax return, the IRS cannot provide a refund including the Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC) until mid-February. The law’s goal is to prevent false refunds from being given.

Even if you file online, your return may need human review in certain situations, leading in a delay in completing your return and refund. This might be due to inaccuracies, missing information, or if identity theft or fraud is suspected. The IRS will not always reply to your inquiries throughout the review period, but it will offer you an explanation after the problem has been addressed.

Free File Available January 14

The IRS Free File program for taxpayers earning $73,000 or less in 2021 will begin on January 14. Participating providers will take completed returns and retain them until January 24, when they will be electronically filed. Many commercial tax preparation software providers and tax specialists will also accept or begin preparing returns before January 24 in order to submit them on the first acceptance date, according to the IRS.

In addition to IRS Free File, the IRS’s Volunteer Income Tax Assistance and Tax Counseling for the Elderly programs provide qualifying people with free basic tax return preparation. The Free File website will include more information on Free File and other tax preparation services later in January.

You are looking for information, articles, knowledge about the topic 2022 Tax-Filing Season Begins Jan. 24 on internet, you do not find the information you need! Here are the best content compiled and compiled by the achindutemple.org team, along with other related topics such as: Tax.

  Tax Incidence: Definition, Example, and How It Works

Similar Posts