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Very excited to share the recent IRS announcement under IR-2022-109, on May 25, 2022 about the new feature updated on “Where is My Refund?” online tool. As an IRS authorized electronic tax filing service provider, we always come across many questions about the taxpayers refunds and this article adds more light to the subject.
The Internal Revenue Service made an important enhancement to the “Where’s My Refund?” online tool this week, introducing a new feature that allows taxpayers to check the status of their current tax year and two previous years’ refunds. Taxpayers can select any of the three most recent tax years to check their refund status. They’ll need their Social Security number or ITIN, filing status and expected refund amount from the original filed tax return for the tax year they’re checking.
Members of the military may qualify for tax benefits not available to civilians. For example, they don’t have to pay taxes on some types of income. Special rules may lower the tax they owe or allow them more time to file and pay their federal taxes.
Here are some of these special tax benefits:
• Combat pay exclusion: If someone serves in a combat zone, part or all of their pay is tax-free. This also applies to people working in an area outside a combat zone when the Department of Defense certifies that area is in direct support of military operations in a combat zone. There are limits to this exclusion for commissioned officers.
The April 18 deadline for individuals to file and pay their federal income tax is just around the corner. While paying taxes is not optional, the IRS offers a variety of ways for people to pay their taxes.
C-Corp Businesses have until April 18, 2022 to complete a tax return and pay the taxes. When need additional time to report the tax return, the IRS grants automatic extension of time upto 6-months when you complete IRS Extension Tax Form 7004 by the actual due date. https://ExtensionTax.com support electronic filing for C-corps to receive extension of time in 3 simple steps, instantly. Likewise the Personal Extension Tax Form 4868 is also due on April 18. Act fast to push your federal tax deadlines from April 18 to October 17, today!.
Even though the Internal Revenue Service issues most refunds in less than 21 days for taxpayers who filed electronically and chose direct deposit, some refunds may take longer.
Many different factors can affect the timing of a refund after the IRS receives a return. A manual review may be necessary when a return has errors, is incomplete or is affected by identity theft or fraud.
Many people will be filing federal tax returns for the first time this year. This includes people who don’t normally file and now need to file a 2021 return to claim a recovery rebate credit or reconcile advance payments of the child tax credit. For these taxpayers, IRS Free File may be the perfect solution.
For eligible individuals who want to prepare their own taxes, IRS Free File features electronic tax preparation software providers. This program provides free tax preparation, free electronic filing and free direct deposit, which is the fastest way to get a refund. People can also directly access IRS Free File from their mobile device using the IRS2Go app.
As part of a longer-term effort to improve taxpayer service, the IRS has officially established the first-ever Taxpayer Experience Office and will soon begin taking additional steps to expand the effort.
“As the IRS continues taking immediate steps this filing season including adding more employees to address the significant challenges facing a resource-constrained IRS, it’s critical that we work going forward to equip the IRS to be a 21st century resource for Americans,” said IRS Commissioner Chuck Rettig. “The formal establishment of this office will help unify and expand efforts across the IRS to improve service to taxpayers.”
The Earned Income Tax Credit (EITC) helps low- to moderate-income workers and families in the form of a credit to either reduce the taxes owed or an added payment to increase a tax refund. The amount of the credit may change if the taxpayer has children, dependents, are disabled or meet other criteria.
Now that the 2022 tax season is open, the Internal Revenue Service reminds taxpayers to make sure they’ve got what they need before they file and to consider free resources available to help them get organized.
The Internal Revenue Service kicked off the 2022 tax filing season on Jan. 24, 2022 with an urgent reminder to taxpayers to take extra precautions this year to file an accurate tax return electronically to help speed refunds.
The start of this year’s tax season – which takes place earlier than last year’s February 12 opening – signals the IRS is now accepting and processing 2021 tax returns.
More than 160 million individual tax returns for the 2021 tax year are expected to be filed, with most before the April 18 tax deadline.
As the 2022 filing season begins, the IRS encourages taxpayers to file electronically when they are ready and choose direct deposit to get their refund. Direct deposit is the safest and most convenient way to receive a tax refund.
Here are some other benefits of choosing IRS direct deposit: