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| Issue Number: COVID Tax Tip 2022-25IRS resources to help taxpayers through all stages of the filing process Now that the filing season has begun, the IRS reminds taxpayers that IRS online tools and resources provide the fastest way to get information and answers they need to file their federal tax returns. IRS.gov tools are easy to use and available 24 hours a day. People can use these tools to find information about their tax accounts, get answers to tax questions or file and pay taxes. Get answers with the Interactive Tax Assistant Taxpayers who experienced changes to their income or other life events in 2021 could be eligible for tax credits and deductions that can put more money in their pockets. Thinking about eligibility now can help make tax filing easier. The Interactive Tax Assistant answers general tax law questions, like determining eligibility to claim certain credits and deductions or if a type of income is taxable. File electronically The IRS strongly recommends individuals, especially those who don't usually file a tax return, to file electronically for faster return processing and refunds. Using tax preparation software or a trusted tax professional will help guide people through the process and avoid making errors.
It's important that taxpayers wait until they have all their income statements and documents that support deductions and credits they claim in-hand before filing. Filing an incomplete or inaccurate return will cause processing and refund delays. There are several free options are available for eligible taxpayers. These include IRS Free File, MilTax for military service members and some veterans, the Volunteer Income Tax Assistance and Tax Counseling for the Elderly programs. Use direct deposit for tax refunds Direct deposit gives taxpayers faster access to their refund, rather than waiting on a paper check. Individuals can use a bank account, prepaid debit card or mobile app to use direct deposit but will need to provide their accurate routing and account numbers. Taxpayers can open an account at an FDIC-Insured bank or through the credit union locator tool. Veterans should see the Veterans Benefits Banking Program for access to financial services at participating banks. Information on IRS Online Account Taxpayers can use IRS Online Account to securely view their personal tax information, which is helpful when preparing to file their tax return or following up on balances or notices. Taxpayers can view their adjusted gross income from their last tax return, the total of any estimated tax payments they made, and their Economic Impact Payments and advance child tax credit payment amounts needed to file a complete and accurate return. Eligible families who did not get monthly advance payments in 2021 can still get a lump-sum payment by claiming the child tax credit when they file a 2021 federal income tax return this year. This includes families who don't normally need to file a return. Online Account now allows taxpayers to change their communication preferences to go paperless for certain notices from the IRS and receive email notifications when the IRS sends them a new digital notice. They can also make payments through their online account, including payments for an extension to file. Share this tip on social media -- #IRSTaxTip: IRS resources to help taxpayers through all stages of the filing process. https://go.usa.gov/xtF4s Thank you for subscribing to IRS Tax Tips, an IRS e-mail service. For more information on federal taxes please visit IRS.gov. This message was distributed automatically from the IRS Tax Tips mailing list. Please Do Not Reply To This Message. |
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