It's important to have your necessary documents and know which credits you qualify for when filing taxes each year.
– With the 2022 tax season here, the Internal Revenue Service wants to remind taxpayers of some things they should consider before they need to file, and to suggest some free resources to help them get organized.While it’s important not to file your taxes too late, the IRS says it’s just as important not to file too early as it could complicate the filing process and lead to delays.
The agency says people who file before they’ve received all of their tax documents can risk making a mistake that may lead to processing delays.Tax records should be organized ahead of filing to make a complete and accurate tax return easier and to help find overlooked deductions or credits. You should make sure you have all of your supporting income statements before filing, including but not limited to:1099-K, 1099-Misc, W-2 or other income statement if you worked in the gig economyDocuments and records reporting virtual or crypto currency transactionsThe IRS says individuals who are not required to file a tax return should file one this tax season to claim potentially thousands of dollars in tax credits.
The IRS suggests to file electronically, if possible, and choose to get your return via direct deposit to get your return back faster. Taxpayers can file electronically through a tax professional,
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
IRS offering Saturday walk-in help at select officesThe IRS announced it will open a number of Taxpayer Assistance Centers across the country on select Saturdays during the filing season
Read more »
IRS tax refund delays block Americans from thousandsIRS delays are blocking Americans from getting thousands of dollars in returns. They're struggling to keep their homes, afford childcare, and feed their families.
Read more »
13 Important Things to Know Before You Have Anal SexLet’s talk about butt sex, shall we?
Read more »
Liberty Poole and Jake Cornish 'gave things another try' after Love Island splitDancing On Ice star Liberty Poole gave her Love Island ex-boyfriend Jake Cornish another chance after their heartbreaking split on the ITV2 show last summer
Read more »