ir-2022-08, January 10, 2022
Washington – The Internal Revenue Service announced that the nation’s filing season will begin on Monday, January 24, 2022, when the IRS will begin accepting and processing returns for tax year 2021.
The january 24 start date for individual tax filers allows the irs time to perform the programming and testing that is critical to ensuring the irs systems are running smoothly. updated schedule helps ensure eligible individuals can claim the proper amount of the child tax credit after comparing their 2021 advance credits and claim any remaining stimulus money as a catch-up refund credit when they file their 2021 tax return .
“Planning for the nation’s filing season process is a huge undertaking, and their teams have been working non-stop for the past few months to prepare,” said chuck rettig, commissioner of the internal revenue service. “The pandemic continues to create challenges, but the IRS is reminding people that there are important steps they can take to help ensure their tax return and refund don’t face processing delays. File electronically with direct deposit and avoid a return. paper tax is more important than ever this year and we urge you to pay closer attention to those who received an Economic Impact Payment or Advance Child Tax Credit last year people should be sure to report the correct amount on your tax return to avoid delays.”
The IRS encourages everyone to have on hand all the information they need to ensure they file a complete and accurate return. Having an accurate tax return can prevent processing delays, refund delays, and subsequent notifications from the IRS. This is especially important for people who received advance child tax credit payments or economic impact payments (US bailout stimulus payments) in 2021; They will need the amounts of these payments when they prepare their tax return. The IRS is sending special letters to recipients, and they can also check the amounts received on irs.gov.
Like last year, there will be tax filers who, while not required to file, will need to file a 2021 return to claim a recovery refund credit to receive the stimulus payment tax credit. of 2021 or reconcile the advance payments of the child tax credit. people who don’t normally file a return may also get other credits.
April 18 tax filing deadline for most
The deadline to file 2021 tax returns or an extension to file and pay taxes due is Monday, April 18, 2022 for most taxpayers. By law, in Washington, D.C., holidays impact tax deadlines for everyone in the same way that federal holidays do. the due date is april 18, instead of april 15, due to the emancipation day holiday in the district of columbia for everyone except taxpayers living in maine or massachusetts. Taxpayers in Maine or Massachusetts have until April 19, 2022 to file their returns due to the Patriots Day holiday in those states. taxpayers requesting an extension will have until Monday, October 17, 2022 to submit it.
waiting for processing of previous tax returns? people can still file 2021 returns
rettig noted that irs employees continue to work hard in critical areas affected by the pandemic, including processing last year’s tax returns and record levels of incoming phone calls.
“In many areas, we are unable to provide the amount of service and compliance that our taxpayers and our tax system deserve and need. This is frustrating for taxpayers, their employees and me,” said rettig. “Your employees want to do more, and we will continue in 2022 to do the best we can with the resources available to us. And we will continue to look for ways to improve. We want to deliver as much as possible while protecting the health and safety of our employees and taxpayers. The additional resources they are essential to helping our employees do more in 2022, and beyond.”
The IRS continues to reduce the inventory of prior year individual tax returns that have not been fully processed. As of December 3, 2021, the IRS has processed nearly 169 million tax returns. all 2020 individual paper and electronic refund returns received prior to April 2021 have been processed if the return was error-free or did not require additional review.
Taxpayers generally will not need to wait for their 2020 tax return to be fully processed to file their 2021 tax returns and will be able to file when they are ready.
key information to help taxpayers
The irs encourages people to use online resources before calling. last tax filing season, as a result of covid-era tax changes and broader pandemic challenges, the irs phone systems received more than 145 million calls from january 1 to may 17, more than four times more calls than in an average year. In addition to irs.gov, the irs has a variety of other free options available to help taxpayers, ranging from free assistance in volunteer income tax assistance and tax advice for seniors across the country to the availability of the irs free program
“Our phone volumes continue to be at record levels,” Rettig said. “We encourage people to check out irs.gov and set up an online account to help them access information faster. We’ve invested in developing new online capabilities to make this a quick and easy way for taxpayers to get the information they need.”
The average tax refund last year was more than $2,800. More than 160 million individual tax returns are expected to be filed for the 2021 tax year, and the vast majority of them will be filed before the traditional April tax deadline.
In general, the IRS anticipates that most taxpayers will receive their refund within 21 days of e-filing if they choose direct deposit and there are no issues with their tax return. The IRS encourages taxpayers and tax professionals to file electronically. To avoid processing delays, individuals should avoid filing paper returns whenever possible.
By law, the IRS cannot issue a refund related to the Earned Income Tax Credit or the Additional Child Tax Credit before mid-February, although eligible individuals can file as early as January 24. The law provides this additional time to help the IRS prevent fraudulent refunds from being issued.
Some returns, filed electronically or on paper, may require manual review, delaying processing, if our systems detect a potential error or missing information, or if there is a suspicion of identity theft or fraud. Some of these situations require us to correspond with taxpayers, but others do not. This job requires special handling by an IRS employee, so in these cases it may take longer than the normal 21 days for the IRS to issue any related refund. In those cases where the IRS can correct the incorrect return, the IRS will send an explanation to the taxpayer.
file electronically and choose direct deposit
To speed up refunds, the IRS encourages taxpayers to electronically file direct deposit information as soon as they have everything they need to file an accurate return. If the return includes errors or is incomplete, it may require additional review which may delay the tax refund. Having all the information available when preparing your 2021 tax return can reduce errors and avoid processing delays.
Most individual taxpayers file their IRES Form 1040 or 1040-SR once they receive Forms W-2 and other income information from their employers, issuers such as state agencies, and payers. The IRS has incorporated recent tax law changes into the forms and instructions and has shared the updates with its partners who develop the software used by individuals and tax professionals to prepare and file their returns. Forms 1040 and 1040-SR and associated instructions are now available on irs.gov. For the latest IRS forms and instructions, visit the IRS website at irs.gov/forms.
free file available January 14th
irs free file will open on January 14 when participating providers will accept completed returns and hold them until they can be electronically filed with the irs. Many commercial tax preparation software companies and tax professionals will also accept and prepare tax returns by January 24 to submit when IRS systems open.
The IRS strongly encourages people to file their tax returns electronically to minimize errors and get faster refunds, plus have all the information they need to file an accurate return to avoid delays. The IRS Free File Program allows taxpayers who earned $73,000 or less in 2021 to file their taxes electronically for free using software provided by commercial tax filing companies. more information will be available in the free archive later this week.
In addition to IRS Free File, the IRS’s Voluntary Income Tax Assistance and Tax Counseling for Seniors programs offer free basic tax return preparation for qualified individuals.
watch for letters from the irs about child tax credit advance payments and third economic impact payments
The IRS began sending Letter 6419, 2021 Advance Child Tax Credit, at the end of December 2021 and continues to do so through January. the letter contains important information that can help ensure that the return is correct. Individuals who received CTC payments in advance can also check the amount of the payments they received using the CTC update portal available on irs.gov.
Eligible taxpayers who received advance payments of the child tax credit must file a 2021 tax return to receive the second half of the credit. Eligible taxpayers who did not receive advance payments of the child tax credit can claim the full credit by filing a tax return.
The IRS will begin issuing letter 6475, its third economic impact payment, to people who received a third payment in 2021 at the end of January. Although most eligible individuals have already received their stimulus payments, this letter will help individuals determine if they are eligible to claim the recovery refund credit for missing stimulus payments. if so, they must file a 2021 tax return to claim the remaining stimulus amount. Individuals can also use their online account to view their Economic Impact Payment amounts.
Both letters include important information that can help individuals file an accurate 2021 tax return. If the return includes errors or is incomplete, it may require additional review while the IRS corrects the error, which may delay your tax refund. Using this information when preparing a tax return electronically can reduce errors and avoid processing delays.
The fastest way for eligible individuals to get their 2021 tax refund that will include their allowable child tax credit and catch-up refund credit is to file electronically and choose direct deposit.
tips to make the presentation easier
To avoid processing delays and expedite refunds, the IRS encourages individuals to follow these steps:
organize and collect 2021 tax records, including social security numbers, individual taxpayer identification numbers, adoption taxpayer identification numbers, and identity protection personal identification numbers from this year valid for calendar year 2022.
Check irs.gov for the latest tax information, including the latest information on reconciling child tax credit advance payments or claiming a recovery refund credit for missing stimulus payments. no need to call.
Make final estimated tax payments for 2021 by Tuesday, January 18, 2022, to help avoid a tax bill and potential penalties.
Individuals can use a bank account, prepaid debit card, or mobile app to use direct deposit and will need to provide routing and account numbers. Learn how to open an account at an fdic-insured bank or through the National Credit Union Locator Tool.
File a complete and accurate return electronically when you’re ready and choose direct deposit for the fastest refund.
key dates of the filing season
There are several important dates for taxpayers to keep in mind for this year’s filing season:
- January 14: Your free file opens. Taxpayers can start filing through the IRS’s free filing partners; Tax returns will be transmitted to the IRS beginning January 24. tax software companies are also accepting tax returns in advance.
- January 18: Estimated tax payment due date for the fourth quarter of fiscal year 2021.
- January 24: irs begins 2022 filing season. 2021 individual tax returns begin being accepted and processing begins
- January 28: Earned Income Tax Credit Awareness Day to raise awareness of the valuable tax credits available to many people, including the option of using prior year’s income to qualify .
- April 18: Deadline to file the 2021 tax return or request an extension and pay the tax due due to the emancipation day holiday in washington, d.c., even for those who They live outside the area.
- April 19: due date to file 2021 tax return or request an extension and pay taxes due for those living in ma or yo due to the patriot day holiday
- October 17: due date for those requesting an extension on their 2021 tax returns
It’s never too early to prepare for the upcoming filing season. For more tips and resources, check out the preparation page on irs.gov.