Tax return season 2022: Here are 3 changes the IRS wants you to know before you file your taxes

It’s almost time to file your federal tax return, and there are a few changes you need to be aware of, including steps you need to take regarding child tax credit payments.

The deadline to file your 2021 taxes is April 18, 2022, but Internal Revenue Service encourage people to apply early to avoid processing delays.

Here are some key items to keep in mind:

Paying the Child Tax Credit

Families who received prepayments this year will need to track Letter 6419 from the IRS. It was sent, according to the IRS.

The letter includes the total advance amount of the child tax credit received by the taxpayer in 2021.

The IRS saidEligible families who don’t receive a monthly advance payment in 2021 can still get a lump-sum payment by claiming the child tax credit when they file their annual federal income tax return. 2021 next year.

This includes families that do not normally need to file a tax return.

Stimulus Payments and Cashback Credits

If you don’t qualify for a third economic impact payment – commonly referred to as a “stimulus check” – or don’t receive the full amount, you may be eligible for it. Refund Credit.

You’ll need to file a 2021 tax return, even if you don’t normally file, to claim the credit.

The IRS will send Letter 6475 in early 2022, which includes the total amount of the third stimulus payment.

Charitable contributions

Taxpayers who do not split deductions may qualify for a deduction of up to $600 for married couples filing jointly and up to $300 for all other taxpayers for any amount. any cash contributions made in 2021 to eligible organizations.

For the latest updates from the IRS, visit IRS website and search IRS Tax Tips page.

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Dais Johnston

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