Tag: Tax Season 2022

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IRS: Deadlines to be aware of ahead of challenging tax season

The tax season for 2022 is expected to be a difficult one, with major delays from the IRS as tax laws change and COVID-19 spikes. The IRS will start accepting tax returns from Americans on Jan. 24. The IRS has been transparent ... MORE
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IRS: Turbo Tax won’t do IRS Free File

Intuit has participated in the IRS Free File program in the past, but this year the company owning Turbo Tax has decided they won’t be doing it. They previously offered free e-filing services directly through the agency’s website. While they won’t be ... MORE
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IRS: When will tax refunds be sent

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 ... MORE
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IRS: File early to avoid delay issues

Tax season is here and millions of Americans are preparing their returns to submit to the IRS. Starting Jan. 24, the IRS will begin accepting tax returns. Taxpayers have already been warned that they can expect some major delays this year, similarly ... MORE
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IRS: Help prevent delays with tax refund

Tax season is now here, and in just a couple of weeks the IRS will start taking tax returns. While they’re accepting 2021 returns beginning Jan. 24, 2022, they’re still processing 2020 returns from 2021. There are around 6 million unprocessed 2020 ... MORE
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IRS: Late tax refunds earn interest

One thing many Americans are learning as they wait for their late tax refunds, is that late checks from the IRS will earn interest. This is a vital piece of information as frustrated taxpayers still wait for 2021 refunds in 2022. It’s ... MORE
Unemployment benefits and 2022 tax returns

Unemployment benefits and 2022 tax returns

25 million Americans received unemployment benefits last year, and they will need to pay taxes on them. Congress passed a law in 2020 making the first $10,200 of unemployment taxes untaxable income. They have not done the same for 2021. It is ... MORE
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IRS: How much you need to earn to file taxes

Some Americans don’t have high enough earnings to file taxes, so many wonder what you need to make to file taxes with the IRS. 2021 had a lot of stimulus payment opportunities, so this year it may be a good idea to ... MORE
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IRS: Tax season set to begin Jan. 24, 2022

Last year tax season was pushed back into Feb., but this year it will start two weeks earlier than that. Beginning Jan. 24, 2022 you can begin sending your tax returns into the IRS. This season is expected to be more challenging ... MORE
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IRS: Tax dates and deadlines for 2022

The new year has begun, and with that comes a new tax season to prepare for with the IRS. There are different dates and deadlines to be aware of in order to avoid penalties or miss out on any breaks you could ... MORE
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IRS: New rule gives savers $2,000 tax break

A new rule change with the IRS and tax returns could get people a credit worth $2,000. The saver’s credit eligibility change has created the new rule. Eligible savings plans for the credit include 401ks, IRAs, 403bs and 457bs. Individuals can see ... MORE
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IRS: When is the 2022 tax deadline?

As you prepare your tax documents for 2021, make sure you’re aware of some important upcoming deadlines. For 2020, Americans received a larger refund than compared to previous year. There are many factors that impact the size of your refund during tax ... MORE
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How to file taxes for free with these services

Tax season is upon us, and many people are wondering what ways they can file their taxes for free. There are various options for filing taxes for free. If you qualify, you could save money just by not paying to file. Free ... MORE
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Tax deductions: Reduce tax bill or increase refund

Americans are starting to prepare for tax season so when it’s time to file, they can save the most money. These tax deductions can help. It’s still too early to file and the IRS FreeFile portal is not yet opened, but getting ... MORE
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Estimated Tax deadline: Face penalties if missed

A tax deadline that is very important is only two weeks away, and if it applies to you you’ll face penalties if you miss it. The deadline is Jan. 18, 2022 for those who need to make estimated tax payments for quarter ... MORE
IRS, News, Tax Season 2022