Tax season for 2022 will look a bit different, and the IRS may be sending larger refunds to some.
Things like the child tax credit and stimulus payments will play a role in how much people end up getting back.
People may be especially eager to receive their tax refunds this year due to the financial hardships caused by the pandemic.
People get refunds when someone paid more in taxes than they were required to pay.
They’ll also get refunds if they paid more in taxes on a previous bill than they needed to.
The IRS will usually send a check to correct the mistake.
In 2020 the average refund for Americans was $2,827.
What you receive as a refund is based on your own individual circumstances, and someone who made a lot of money but suffered loss of income will likely get money back.
The 2022 tax filing season begins Jan. 24. Remember: Avoid delays this year by having all essential info before you file. Errors or missing information result in the #IRS taking longer to process your refund. See: https://t.co/BAj5rvsPvy pic.twitter.com/R2nKXXD4rl
— IRSnews (@IRSnews) January 10, 2022
Navigating filing tax returns with the IRS during a pandemic
The pandemic has caused many issues for the IRS over the last two years.
One way to avoid issues in 2022 is to file electronically.
The IRS will get your taxes faster to process and send your refund.
It’s also faster to choose direct deposit as your form of payment.
If you received child tax credit payments or stimulus checks it’s important to pay close attention to your return to be sure information is accurate.
The IRS will be sending letters detailing payments previously received to help with accuracy.
Some people did not receive payments they were entitled to, and their refunds will end up being larger.
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