The Internal Revenue Service has announced that the nation’s tax season will start on Monday, Jan. 24, 2022, when the tax agency will begin accepting and processing 2021 tax year returns. The Internal Revenue Service announced that the nation’s tax season will start on Monday, Jan. 24, 2022, when the tax agency will begin accepting…
Taxpayers and the Internal Revenue Service (IRS) are set to face a bumpy 2022 tax filing season, which the IRS announced will begin January 24th and run through April 18th. Two major challenges await taxpayers: a second year of navigating pandemic-related tax relief on their returns and IRS backlogs that may delay processing and refunds. Over the…
As we approach a new tax filing season we have compiled a list of things for you to remember before filing your return. DO NOT file your taxes with your last paycheck stub from the year DO NOT file your Taxes with your year’s final paycheck stub. The information on the final paycheck can be…
Before you file your tax returns, the IRS may be sending you these letters if you received the third stimulus check or child tax credit. The IRS started issuing information letters to advance child tax credit recipients in December. Recipients of the third round of the Economic Impact Payments will begin receiving information letters at…
It’s been no secret that the IRS has been underfunded – not to mention under-staffed – for quite some time. Yes, this is a problem in part brought on by the COVID-19 pandemic. However, it’s also an issue that has been brewing for years. All of this seemed to come to a head earlier in…
The U.S. Department of Education announced a 90-day extension of the pause on student loan repayment, interest, and collections through May 1, 2022. The extension will allow the Administration to assess the impacts of the Omicron variant on student borrowers and provide additional time for borrowers to plan for the resumption of payments and reduce…
The Internal Revenue Service (IRS) is currently focusing on a stimulus check backlog which includes the Plus-Up Payments that many Americans are entitled to. There are some American citizens who are set to receive a payment of up to $1,400 before the end of 2021 and the start of 2022 as part of a surprise plus-up stimulus check. These checks will be sent before…
The Internal Revenue Service and the Treasury Department announced today that millions of American families will soon receive their final advance Child Tax Credit (CTC) payment for the month of December. Eligible families who did not receive advance payments can claim the Child Tax Credit on their 2021 federal tax return to receive missed payments…
The Internal Revenue Service (IRS) is preparing for the sixth and final batch of monthly child tax credit payments. The first five payments were sent between July 15 to November 15, while the last payment is scheduled for December 15. There will then be payments of up to 1,800 dollars or 1,500 dollars, depending on the age of the…
2022 IRS E-File Refund Cycle Charts The IRS will begin accepting 2021 tax returns on January 24, 2022, with nearly 165 million individual tax returns expected to be filed in 2022. The nation’s tax deadline will be April 18 this year. Many tax software companies and tax professionals will be accepting tax returns before Jan. 31 and then…
