2022 Tax Season

 

When Is Tax Season?

For starters, you need to know when tax season 2022 even starts, right? When the IRS releases the tax forms for the upcoming season, you’ll be able to start filling them out.

While you’ll be able to do this at any time, you speedposts  usually can’t submit and files your taxes with the IRS until late January or early February. And the deadline for filing your taxes in 2022 is April 15. Do your best to have your return file in February or March, however, to avoid any last-minute complications.

DIY or Hire a Tax Service

As you are preparing for tax season, you’ll want to decide if you are going to file your taxes yourself, or if you want to hire a tax service. Obviously, filing yourself saves money upfront. But you never know if you are doing it properly.

And if you leave out important information, you may be losing out on money that you would otherwise receive.

A tax service costs money upfront but makes the process of filing much easier. They can ensure you get the most amount of money back from the government and is almost always worth the expense. This is especially true for anyone with a non-normal work or financial situation.

If you plan to hire a service, research your options ahead of time. Compare pricing. And when you find the person or team you want to hire, contact them before tax season, so they can tell you everything they are going to need. Then, when it’s time to file, it will be quick and painless.

Factors that Could Complicate Tax Filing

Filing tax returns for the 2020 year was a nightmare  bullbearforex for many people. So many complications made the process difficult for millions of people. From losing jobs to collecting unemployment, to switching to remote work and many other factors, it was a difficult filing season.

While the 2021 tax year won’t be as crazy, there are still a lot of factors that make this a less-than-normal tax year.

Stimulus payments were received in early 2021. But they aren’t considered taxable income. The problem is that many people list it as income, pay taxes on it, and later on, need to request a refund. Don’t be that person.

Many people also had to collect unemployment in 2021 as they were still looking for work.

And those that have switched to remote work may have the opportunity to itemize things on their taxes since many of their home resources are now used for work purposes.

And many families began receiving onlineattorney  advanced payments of their child tax credits, which will also need to be accounted for when filing their next return.