Tax season is here, and the IRS has shared that Americans can start submitting their returns Jan. 24.
This means people are beginning to think about their tax refunds and when they might arrive.
Many people may see bigger refunds when they claim the second half of their child tax credit or the recovery rebate credit from a missed stimulus payment.
IRS tax season 2022
The teams working for the IRS have been preparing to start processing returns for months.
Rettig added that this tax season will likely be difficult due to the pandemic, but there are steps in place to ensure accuracy before you file your return.
This means if you receive letters from the IRS detailing the child tax credit and any stimulus payments, hold onto them.
The details in the letters will help you report accurate numbers to the IRS.
When will the IRS start sending back tax refunds?
The deadline to file your tax return is April 18, 2022.
The faster you submit your return, the faster you’ll probably see a refund.
Last year, the average refund was around $2,800.
If you file electronically and choose direct deposit, your correct tax return with no issues should be processed with a refund being sent within 21 days.