The IRS will accept tax returns starting today, which means Americans can file theirs right away.
Last year, the filing of the 2020 tax return was delayed to February 12, 2021 as the agency needed more time to test its system and add a program to avoid delay in refunds.
This year’s deadline isn’t April 15, which usually marks the IRS tax day, but April 18 instead.
Recruiters also only have one more week to offer W-2 templates for the year.
Read our tax season 2022 live blog for the latest news and updates…
When is my tax due?
This year’s deadline is not April 15th usually mark IRS tax dates.
That’s because April 16, 2022 is Liberation Day.
Since April 16 falls on a Saturday this year, the holiday will apply to Friday, April 15, pushing this year’s tax date to Monday, April 18 for most of the United States.
Monday, April 18 will also be the deadline to apply for a six-month extension to pay taxes.
What determines my return?
The amount you get back on your tax return depends on several factors.
Some of these factors include how early you file, government debt, and credit requirements.
You may owe a child tax credit
While the payments helped lift millions of children out of poverty – some may have to pay the IRS if they have a change in filing or an increase in income.
To qualify for the full payments, couples need to earn less than $150,000 and single parents applying as head of household need to earn less than $112,500.
If earnings exceed those thresholds – then you may end up refund the IRS if you do not opt out of the payments.
Late filing last year
Last year, apply for 2020 tax returns are delayed until February 12, 2021 as the agency needs more time to test its systems and add programs to avoid refund delays.
This is mainly due to a major new law passed in late 2020, which includes changes to the tax law and $600. stimulus test.
IRS commissioner warns of ‘frustrating’ tax season
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“In many areas, we have not been able to provide the amount of service and enforcement that our taxpayers and tax system deserve and need,” said IRS Commissioner Chuck Rettig.
“This is frustrating for taxpayers, for IRS employees, and for me.”
The day starts today
Tax season for 2021 started two weeks earlier this year.
The IRS has announced tax return season begins January 24 and runs through the April 18 tax filing deadline.
https://www.the-sun.com/money/4528926/tax-season-2022-irs-return-open-refund-w2-form/ Tax season 2022 news – IRS opens its doors to filings TODAY by next week’s W-2 deadline for employers on Jan.