It’s a new tax season. While some things are different, one thing that remains the same is, taxpayers can have their taxes prepared for free through one of two long-standing IRS programs. People with low to moderate income may benefit from this free tax help through one of these programs: Volunteer Income Tax Assistance This…
On January 28, 2022, the federal government launched a new website to help families claim the second half of their Child Tax Credit, for those who chose to receive monthly payments. (It also helps you figure out how to claim your credit if you didn’t claim any payments yet.) The first half of the child tax…
Join us for Awareness Day on Friday, January 28, 2022 Join us in making the 16th annual Awareness Day as successful as last year’s. We partnered with more than 1,500 supporters with a combined social reach of over 2 million. And, partners sponsored nearly 220 live events and other activities such as news releases and articles for EITC Awareness Day.…
The IRS encourages taxpayers to file electronically when they are ready and choose direct deposit to get their refund. Direct deposit is the safest and most convenient way to receive a tax refund. Here are some other benefits of choosing IRS direct deposit: It’s fast. The fastest way for taxpayers to get their refund is to electronically file and choose direct…
Opening Day for the IRS is Today January 24, 2022. The Internal Revenue Service has set the opening day for the 2022 tax filing season for Monday, Jan. 24, 2022. That’s the day the IRS will begin accepting and processing 2021 tax year returns. IRS Free File, which allows taxpayers who made $73,000 or less to file…
When the IRS officially places your return under review, you will receive a CP05 notice, and the processing of your refund will be delayed until the review is complete. According to the IRS website, a number of distinct factors can trigger the review, including the need to verify the following entries on your return: Review Triggers…
Tax-related identity theft occurs when someone uses your personal information, such as your Social Security number (SSN), to file a tax return. Although tax identity theft is less prevalent than other types of identity theft, it can still cause some major headaches and take some time to resolve. To help reduce your chances of becoming…
Each year, employers are required by law to send your W-2 by January 31. This form includes all taxable wages paid to you during the previous year, as well as the taxes withheld. The form will be sent in either digital or paper form. A copy is also sent to the IRS. If a business…
When does IRS Test Batch/ HUB Testing start in 2022? The IRS has announced that the 2022 tax filing season will begin on Monday, January 24, 2022. Tax preparation companies will be participating in the controlled launch of the e-file system (HUB Testing) with the IRS between the dates of Tuesday, January 18 – Friday,…
IRS Free File – online tax preparation products available at no charge – January 14, 2022, giving taxpayers an early opportunity to claim credits like the Recovery Rebate Credit and other deductions, the Internal Revenue Service announced. Most taxpayers can get an early start on their federal tax returns as IRS Free File – featuring brand-name online…
