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3 Minutes to Understand U.S. Tax Filing Season

The Internal Revenue Service announced that the nation’s tax season will start on Monday, January 24, 2022, when the tax agency will begin accepting and processing 2021 tax year returns. Even if you can search for any official news released by the US Internal Revenue Service on Google, you may not have enough time to read and organize what you should prepare for this tax refund. Let’s quickly get the key points of tax refund season in three minutes.

When Is The Last Date for Tax Filing 2022?

The filing deadline to submit 2021 tax returns or an extension to file and pay the tax owed is Monday, April 18, 2022, for most taxpayers. Taxpayers in Maine or Massachusetts have until April 19, 2022, to file their returns due to the Patriots’ Day holiday in those states. Taxpayers requesting an extension will have until Monday, October 17, 2022, to file.

How To Use Other Methods To Get A Free Consultation?

Since the IRS phone system will receive countless inquiries during this time, in order to quickly resolve your current issue, the IRS has also introduced other free options to help taxpayers, free assistance, Free File.

File Electronically and Choose Direct Deposit

To expedite refunds, the IRS urges taxpayers to file direct deposits electronically as soon as they have everything they need to file an accurate return. If the return contains errors or is incomplete, further review may be required, which may slow down the refund.

Most individual taxpayers file IRS Form 1040 or Form 1040-SR after receiving their W-2 Forms and other income information from their employers, issuers like state agencies, and payers.

The IRS has incorporated the latest changes in tax law into forms and instructions and shared updates with partners who develop software that individuals and tax professionals use to prepare and file returns. For the latest IRS forms and instructions, visit the IRS website at IRS.gov/forms.

The IRS strongly encourages people to file their tax returns electronically to minimize errors and for faster refunds as well as having all the information they need to file an accurate return to avoid delays. The IRS’s Free File Program allows taxpayers who made $73000 or less in 2021 to file their taxes electronically for free using software provided by commercial tax companies.

2022 Tax Refund Schedule Chart

IRS begins accepting 2021 tax returns on January 24, 2022. You can use the chart below to estimate when you may receive your tax refund via direct deposit or paper check.

2022 Tax Refund Schedule Chart

Some Tips To Make Filing Easier

To avoid processing delays and speed refunds, the IRS urges people to follow these steps: Organize and gather 2021 tax records including social security numbers, Individual Taxpayer Identification Numbers, Adoption Taxpayer Identification Numbers, and this year’s Identity Protection Personal Identification Numbers valid for the calendar year 2022.

Check IRS.gov for the latest tax information, including the latest on reconciling advance payments of the Child Tax Credit or claiming a Recovery Rebate Credit for missing payments. There is no need to call.

Set up or log in securely at IRS.gov/account to access personal tax account information including balance, payments, and tax records including adjusted gross income.

Make final estimated tax payments for 2021 by Tuesday, January 18, 2022, to help avoid a tax-time bill and possible penalties.

Individuals can use a bank account, prepaid debit card, or mobile app to use direct deposit and will need to provide routing and account numbers. Learn how to open an account at an FDIC-Insured bank or through the National Credit Locator Tool.

File a complete and accurate return electronically when ready and choose direct deposit for the quickest refund.

Get Started

It’s never too early to get ready for the tax-filing season in 2022.

How Will People Use This Government Subsidy?

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