Hi, I’m Bette Hochberger CPA, CGMA. The IRS announced that the 2022 Tax Filing Season begins on January 24th, 2022. This announcement means the IRS will begin accepting returns on January 24th for the 2021 tax year. I will review some of the key takeaways from the IRS press release since we are still navigating the pandemic, which has historically caused complications and confusion.
The IRS is opening its doors on January 24th, 2022, and is planning to iron out any kinks in its programming. This will allow people to claim their credits correctly and streamline tax return processing for the 2022 tax filing season.
IRS Commissioner Chuck Rettig said that “The pandemic continues to create challenges, but the IRS reminds people there are important steps they can take to help ensure their tax return and refund don’t face processing delays. Filing electronically with direct deposit and avoiding a paper tax return is more important than ever this year. And we urge extra attention to those who received an Economic Impact Payment or an advance Child Tax Credit last year. People should make sure they report the correct amount on their tax return to avoid delays.”
For everyone except Washington D.C., Maine, and Massachusetts, taxes or extensions are due on April 15th, 2022. DC taxpayers have until April 18th, while Maine and Massachusetts have until April 19th. Please remember that the extension is only an extension to file, not an extension to pay.
The IRS press release states that “By law, the IRS cannot issue a refund involving the Earned Income Tax Credit or Additional Child Tax Credit before mid-February, though eligible people may file their returns beginning on January 24th.”
Message me on social if you have any questions, or set up a zoom meeting with me, and I will see you next time!