In 2022, as the COVID-19 pandemic continues to wreak havoc on the United States, millions of people are clinging to the hope that additional government stimulus money will arrive in their mailboxes and bank accounts. Citizens will start filing their 2021 tax returns to the IRS on January 24, 2022. According to the IRS, this will give them enough time to program and test their systems to ensure that they function correctly.
In 2022, as the COVID-19 pandemic continues to wreak havoc on the United States, millions of people are clinging to the hope that additional government stimulus money will arrive in their mailboxes and bank accounts. Citizens will start filing their 2021 tax returns to the IRS on January 24, 2022. According to the IRS, this will give them enough time to program and test their systems to ensure that they function correctly. (Photo: Forbes)
The Tax Season
An extension deadline of April 18, 2022, has been set for the filing of tax returns. Due to the Emancipation Day holiday in the District of Columbia, the submission deadline for 2022 is April 18 instead of April 15. Because April 18 is Patriots’ Day in Maine and Massachusetts, taxpayers will have to wait until a day later to file their returns.
In December, there were 6 million individual tax returns filed, and in January, there were 2.3 million, as reported by CNBC. More than 5 million taxpayer mail, some of which were postmarked as far back as April, were also discovered in the backlogs. Numerous taxpayers were still expecting for their refunds nine months after filing their tax returns.
Read Also: $1,000 Stimulus Check For Essential Workers To Be Sent Out
In 2022, as the COVID-19 pandemic continues to wreak havoc on the United States, millions of people are clinging to the hope that additional government stimulus money will arrive in their mailboxes and bank accounts. Citizens will start filing their 2021 tax returns to the IRS on January 24, 2022. According to the IRS, this will give them enough time to program and test their systems to ensure that they function correctly. (Photo: CBS News)
Newborn Stimulus Check & Filing Electronically
According to BGR, Andy Phillips, the H&R Block Tax Institute director, parents who have a newborn in 2021 may be eligible for a refund of up to $5,000 this year. That’s the difference between last year’s $3,600 in child tax credits and the $1,400 stimulus amount for dependents.
The IRS is encouraging taxpayers to file their taxes electronically. Taxpayers who choose to file electronically have a much higher chance of having their returns processed more quickly than taxpayers who choose to file on paper, as reported by CBS News. It is also recommended by the Internal Revenue Service that taxpayers set up their refunds to be deposited directly into their checking accounts.
Read Related Article: $3,600 Worth Of Stimulus Check To Be Sent Out By IRS, Find Out If You Qualify
