The IRS will see you now: 2022 tax filing is open

Jan. 23 is first day to file 2022 taxes

By WVUA23 News Student Reporter Chaney Scott McCorquodale

Today is the first day to file tax returns. The filing deadline or deadline to request an extension is Tuesday, April 18, which is 3 days later than last year.

Taxpayers who request an extension will have until Oct. 16 to file.

The Internal Revenue Service offers several online resources to help taxpayers, such as the Volunteer Income Tax Assistance program and the Tax Counseling for the Elderly program for qualified applicants.

Many filers might experience a little reverse sticker shock when getting their return this year, as the average refund will average $2,700 versus last year’s $3,200. The decrease is happening because of adjustments to the Coronavirus Aid, Relief and Economic Security Act, the Child Tax Credit, Earned Income Tax Credit and Child and Dependent Care Credit.

Filers should take extra care and ensure they’re getting all the tax credits they’re eligible for, said Tuscaloosa Certified Public Accountant Steve Richardson.

“Good tax planning actually depends on having a fair and accurate tax return, an honest taxpayer, and good, solid, reliable books and records,” Richardson said. “With good tax planning, you can save more taxes than you can by being a dishonest taxpayer. A good tax plan and a good tax return gives you the opportunity to plan things like retirement.”

Filing on time is just as important, Richardson said, because filing late can incur stiff penalties.

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