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Tax Season Starts January 24

The 2022 tax season starts on January 24 for 1040 filers, the Internal Revenue Service said this week. And for most taxpayers, this year’s filing deadline is April 18.

However, there could be waits for reaching the IRS, which warned the telephone calls it receives remain at record levels.

The celebration of the Emancipation Day holiday in the District of Columbia pushes the deadline to Monday, April 18. Because of the celebration of Patriot’s Day, the deadline is April 19 for taxpayers in Maine and Massachusetts. Those requesting extensions have until Monday, October 27 to file.

The IRS anticipates most taxpayers will receive refunds within 21 days of when they file electronically, chose direct deposit and have no issues. Those eligible can file returns involving the Earned Income Tax Credit or Additional Child Tax Credit early in the season, but by law the IRS cannot issue refunds before mid-February.

The agency also said it “continues to reduce the inventory of prior-year individual tax returns that have not been fully processed. “All individual 1040 returns received prior to April 2021 have been process if there were no errors or issues.

The issuance of Letter 6419, 2021 advance Child Tax Credit, began in December. Those who received advance CTC payments can also check the amount of the payments received via the  CTC Update Portal available on IRS.gov.

Eligible taxpayers who received advance Child Tax Credit payments should file a 2021 tax return to receive the second half of the credit. Eligible taxpayers who did not receive advance Child Tax Credit payments can claim the full credit by filing a tax return.

In late January, the IRS will start issuing Letter 6475, Your Third Economic Impact Payment, to individuals who received a third payment in 2021. The letter will help recipients determine if they are eligible to claim the Recovery Rebate Credit for missing stimulus payments.

Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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