Find Out if You Are Eligible for a $5,000 Stimulus Check, Which Is Expected to Be Distributed to Americans.
A decade after the COVID-19 epidemic first struck the United States, millions of individuals are still holding onto the hope that further government stimulus money will appear in their mailboxes and bank accounts in 2022.
On January 24, 2022, citizens will be able to begin submitting their 2021 tax returns to the Internal Revenue Service. They claim that this will give them ample time to build and test their systems to guarantee that they are up and running as intended.”
The Tax Season is upon us.
The deadline for submitting tax returns has been extended to April 18, 2022, according to the IRS. Because to the Emancipation Day holiday observed in the District of Columbia, the application deadline for 2022 has been moved from April 15 to April 18 instead.
It will be necessary to submit tax returns the next day in Maine and Massachusetts since April 18 is Patriots’ Day in those states.
Approximately 6 million individual tax returns were submitted in December, and 2.3 million were filed in January, according to a report published by CNBC.
It was revealed that the backlogs included more than 5 million pieces of taxpayer mail, some of which was postmarked as far back as April, according to the IRS. Nine months after submitting their tax forms, a large number of taxpayers were still waiting for their refund checks.
Checking and filing the Newborn Stimulus Check and Form electronically
According to Business Insider, Andy Phillips, the head of the H&R Block Tax Institute, parents who have a child in 2021 may be eligible for a return of up to $5,000 this year if they file their taxes on time.
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That’s the difference between the $3,600 in child tax credits received last year and the $1,400 stimulus amount for dependents received this year.
The Internal Revenue Service (IRS) encourages people to submit their tax returns online. According to CBS News, taxpayers who prefer to file online have a far better probability of having their returns completed more promptly than those who choose to file on paper.
The Internal Revenue Service also recommends that taxpayers set up direct deposit of their refunds into their bank accounts, rather than having them sent to them.