Tax season is here, but things will be a little different in 2022. When and if you get a stimulus check can affect your profits and when you get it, but there are ways to do it, too. Floridians get more money back.
Make sure you have all the documents you need. If you received that third stimulus payment, you will need to enter that information when filing your taxes as it could mean a delay in checking your refund.
Mary Meador, a United Way program manager, said that if you misrepresent the IRS when it comes to the amount you receive for stimulus credits or the enhanced child tax, your profits will be remitted. for a research department and you’ll be far behind. did not receive the credit you are entitled to. If you owe any money, you must pay it by the April 18 application deadline.
“There is no penalty,” Meador said. “We have sites that work year-round if, for whatever reason, you can’t apply by the 18th. We have four year-round sites that can help or if you get a letter from us. The IRS and you aren’t sure what they’re asking for, or if you need to fix something, we’re here to help. is fine.”
If you haven’t applied or don’t want to do it alone, there are many programs available to help:
- AARP helps seniors apply for free, as long as they meet certain guidelines.
- Getyourrefund.orgOnce you enter the same information, fill out a simple online application form and upload your documents to a secure website using your mobile phone by taking a picture or scanning your document.
United Way also wants people to be aware of the two big ways Floridians can get more of their money back this tax season.
One way is through the Extended Income Tax Credit. Workers ages 19 to 24, plus those 65 and older without children, are eligible for this tax credit. You can get an income boost from $1,500 to $6,700.
The other way around is a child tax credit. Meador said those who qualify may miss out because they don’t know they’re eligible or don’t know how to claim benefits.
“You really don’t have to have earned income to get the child tax credit,” says Meador. “And then there’s the child tax credit, which you’ve probably heard of ranges from $2,000 to $3,000, or $3,600, depending on the age of the kids. So for a lot of people who didn’t have to apply before, because there’s no benefit, they should apply to get those credits.”
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https://www.winknews.com/2022/02/16/ways-for-floridians-to-see-bigger-tax-returns-as-first-payments-go-out/ Ways for Floridians to View Larger Tax Returns When First IRS Payments Go Out