WASHINGTON (AP) – Tax Day has returned to April after two years of delayed deadlines due to the COVID-19 epidemic, but taxpayers have a few extra days than usual due to a D.C. holiday.
Tax Day is formally observed on Monday, April 18 (April 19 in Maine and Massachusetts due to Patriots’ Day). While the deadline is generally April 15, it was moved out due to the Emancipation Day holiday in Washington, D.C.
While Emancipation Day is formally on Saturday, April 16, the government observes it on the nearest weekday. Tax Day was rescheduled until the following weekday because D.C. holidays affect everyone’s tax deadlines.
Taxpayers who request an extension will have until October 17 to file their returns.
There are additional exceptions to the government deadline for places affected by natural catastrophes such as severe storms and wildfires. The IRS provides tax relief information and counties with an extended deadline of May 16.
Whether you’ve already filed your tax return or not, here are a few things to keep in mind in 2022.
This year’s tax refund may be delayed.
According to the IRS, most federal refunds are issued within three weeks for individuals who file online and select direct deposit. However, the government warns that certain payments may take longer than 21 days and that “taxpayers should not rely on receiving a refund by a specific date.”
Delays can occur if the return has errors, is incomplete, or the filer is the victim of identity theft or fraud. It’s also possible that a refund will be delayed due to more specialized claims or because the 2021 child tax credit or recovery rebate credit isn’t considered.
Online resources may be faster than phone calls.
Last tax season, amid COVID-related tax changes, the IRS stated its phone systems received more than 145 million calls from January 1 to May 17. It claims that using its website is the quickest way to acquire answers.
“Our phone traffic continues to be at record-breaking levels,” IRS Commissioner Chuck Rettig said. “We encourage people to visit IRS.gov and create an online account to gain faster access to information.”
Remember to keep your third stimulus check and child tax credit letters handy.
You may have received the third COVID-19 economic impact payment (also known as the third stimulus check) or the advance child tax credit in 2021. However, you could not remember how much money you received.
Those who received either or both should have gotten letters from the IRS this year stating how much money they received in total in 2021.
- Letter 6475 for the stimulus
- Letter 6419 for the child tax credit
If the taxpayer has more or less income in 2021 than they did in 2020, they may be eligible for more money or owe money to the IRS. This is significant because the stimulus and child tax credit amounts were based on taxpayer income levels. That figure was derived from their past tax returns.
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Those who did not get a portion or all of the third stimulus payment but believe they are qualified can apply for a Recovery Rebate Credit.
Last year, those who took the advance child tax credit were eligible to receive up to half of the money in monthly installments in 2021, with the remaining half available after paying taxes.