Skip to content
Home » Valentine's Day » When will I be able to file my taxes in 2022?

When will I be able to file my taxes in 2022?

The tax year for 2021 was very abnormal as the pandemic unfolded, people struggled, and deadlines were extended.

This has left many people wondering what 2022’s tax season will look like for filing 2021 taxes.

The average refund for filers this year was $2,775, an 11% jump from last year.

Many people are still getting their refunds after the IRS faced multiple backlogs due to stimulus payments during tax season.

DiSanto Propane (Billboard)

Related: Is the third stimulus check going to impact my 2021 tax return?

Here are some things to be aware of for the 2022 tax season next year

Most of the time people may start filing their taxes in late January.

It’s unclear yet if that will be the same next year.

This year many could not file until February so the IRS had more time to prepare.

The delay may occur again depending on which changes are made to the tax laws through the Build Back Better bill.

Check this out: Here are 5 moves to make with money this December

The normal deadline is tax day on April 15.

As of now that is the date, but it could change.

This year it was pushed back to May 17, as well as an automatic extension for those that could not file by then.

Many had until Oct. 15 to file.

Check this out: $6,300 dollar stimulus check will be sent to hundreds by December 15, here’s who can expect them

The most important thing to remember is if you do not file, you may face hundreds of dollars in penalties.

A Failure to File Penalty could be sent with a penalty of 5% of your unpaid taxes. It could go as high as 25%.

If you’re over 60 days late, you may end up with a $435 fine or 100% of the taxes you owe.

Interest is charged on top of penalties as well.

Categories: News