The 2022 tax season brings complex tax changes, such as stimulus payments, child tax credits, unemployment insurance claims, and other pandemic-related factors, as well as a warning from the IRS about expected processing delays. To get your refund faster, the agency suggests filing your taxes electronically as soon as possible and setting up direct deposit.
File 2021 tax return to claim stimulus check
Some people were let down as they were ineligible for a third stimulus check. On the other hand, others were left out or given less than they were entitled to for a variety of reasons that will not prevent them from being paid this year. For example, if you did not receive a third stimulus payment since you did not file a 2019 or 2020 tax return, you can still claim one when you file a 2021 tax return, cnet.com posted.
The pandemic is still present to pose challenges. Still, the IRS reminds people that there are critical factors they can take to help make sure their tax return and refund do not face processing delays, said IRS Commissioner Chuck Rettig in a statement announcing the start of the 2022 tax season.
File your taxes as early as possible
However, to receive the money owed to you by the IRS, you must file a 2021 tax return. Even if you are not needed to file a tax return this year, most people’s tax returns are due by April 18. You still have time, but the sooner you document your return, the sooner you’ll receive your stimulus payment.
According to Kiplinger, the IRS also suggests filing electronically and requesting any refunds through direct deposit. That’s always the quickest way to get a refund, but it’s essential this year because the IRS is still swamped with millions of paper returns that it couldn’t process last year. So if you make $73,000 or less, you can even e-file your federal tax return for free.