The Internal Revenue Service advises taxpayers of certain items to remember while filling out income tax returns this year. The filing season begins on Jan. 24, 17 days earlier than last year. As a result, there is a slight delay in individuals’ federal tax deadline for the 2022 tax year.
Deadline of Filing, Extension
The date to pay tax is usually April 15, but due to the coronavirus pandemic, it has been extended to May and beyond in recent years. This year, the deadline has been postponed for a day to accommodate the holiday of Emancipation Day on April 16, which is observed in Washington, DC, and the holiday of Patriots’ Day on April 18. In Maine and Massachusetts, another day of delay to accommodate the holiday of Patriots’ Day on April 18., according to cnet.com
If you failed to submit your taxes on Monday, you might be able to receive an extension until October 17, 2022. It’s crucial to realize, too, that while you’ll have more time to file your taxes, you won’t have any more time to pay the bill. According to the IRS, more than 160 million individual tax returns are likely to be filed for 2021, most of which are filed before the April 18 deadline.
IRS Tips on Tax Filing
The IRS provided these five suggestions to assist people in expediting the refund process and avoid delays. To prevent delays, taxpayers can use e-file and direct deposit to file their returns. However, before filing a tax return, the IRS recommends double-checking all paperwork to ensure that stimulus payments and advance Child Tax Credit information are correct. To minimize lengthy phone delays, use internet tools before phoning the IRS.
If a taxpayer is awaiting their 2020 tax return processing, put $0 for the previous year’s Adjusted Gross Income on the 2021 tax return. The IRS also said that anyone in need of assistance could access free resources.
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