It's almost time to file your federal tax return and there are a handful of changes you need to know about, including steps you need to take regarding child tax credit payments.and stalled legislation that would have given the agency billions of dollars for more expeditiously processing returns will combine to cause taxpayers pain this filing season.
Agency officials are already warning filers that"in many areas, we are unable to deliver the amount of service and enforcement that our taxpayers and tax system deserves and needs," as IRS Commissioner Chuck Rettig put it earlier in the month. Donald Williamson, an accounting and taxation professor at American University in Washington, said he expects"weeks and weeks" of IRS delays in 2022.
Deadlines to file have been extended in the past two years due to the pandemic. It is unclear whether this year the agency will offer similar leeway to taxpayers.For example, individuals who are eligible to claim the child tax credit and have gotten advance payments throughout the year may get a smaller refund than they normally would see.
The IRS anticipates that most taxpayers will receive their refund within 21 days of when they file electronically, barring any issues with processing their return.Tony Reardon, president of the National Treasury Employees Union that represents IRS workers, said the agency"has a hard time recruiting because they're up against Burger King or McDonald's," which offer similar pay without requiring workers to"deal with confusing rules and regulations.
Walmart is late sending out their W-2's this year
April 18, 2022 is the Tax Deadline.
Thank you democrats. Build back better!
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