People are preparing to begin their 2021 taxes soon, and the IRS is helping out this year.
The IRS will start accepting tax returns Jan. 24, 2022.
It is suggested to start your taxes as soon as possible after all the economic changes from last year.
This include child tax credit payments and stimulus checks.
By filing sooner you can expect processing and refunds to happen sooner.
Letters from the IRS to make filing your tax return easier
The IRS is sending two detailed letters to help make the process of filing your taxes easier and more accurate.
This letter started going out in Dec. and covers your details regarding any child tax credit payments you received.
Anyone that received payments will need to file their 2021 tax return to claim the rest of the credit.
If you did not receive the credit but were eligible, you can claim the lump sum on your taxes.
This letter is for the third stimulus check.
The letter explains if you will be eligible to claim the recovery rebate credit.
The credit is pretty much the third stimulus check for anyone who may have missed it.
To claim the missed payment, you’ll need to file a tax return.
These letters will start arriving by the end of Jan.
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