The IRS has set January 24, 2022 as the start date for the 2022 tax filing season. For the vast majority of taxpayers, the deadline to file their 2021 tax return is April 18.
Because of the start date, the IRS will have “time to undertake programming and testing that is necessary to ensuring IRS systems run smoothly.” Taking this extra time after reconciling their 2021 advance credits will assist ensure that qualified individuals can still claim the child tax credit. Individual taxpayers will also have more time to submit their taxes and receive any remaining stimulus cash as a recovery rebate credit.
It’s Crucial to File Your Taxes
A properly completed return will help you avoid processing delays, refunds, and IRS notices.
To avoid any delays, IRS Commissioner Chuck Rettig suggests that people file online with current direct deposit information.
Even if you don’t normally file — or aren’t required to submit — your 2021 tax return should be filed. The filing permits taxpayers to claim a recovery rebate credit and the due child tax credit payments, as well as a tax credit from the 2021 stimulus payments.
The IRS began distributing Letter 6419, the 2021 advance Child Tax Credit, in late December 2021 and early January 2022. This letter contains information that can help you ensure that your tax return is accurate. People who got the third payment in 2021 will get Letter 6475, Your Third Economic Impact Payment, in late January. You can also use your IRS online account to check the amount of your economic impact payment.
On January 14th, the IRS’s Free File programme will begin. Participating providers will accept and hold completed returns until they can be electronically submitted. The Free File programme is open to those who earned $73,000 or less in 2021.
Filing And Submitting Taxes Deadline
The deadline for reporting and paying taxes owed is April 18, 2022; however, residents in Maine and Massachusetts get until April 19 to file their taxes due to the Patriots’ Day holiday. Requesting taxpayers have until Oct. 17, 2022, to submit their papers.