Content of the material
- Budget, Financial Reporting, Planning and Performance
- Watch for IRS letters about advance Child Tax Credit payments and third Economic Impact Payments
- Get Help
- “When Will I Get My Tax Return?”
- What’s the deadline for filing an extension?
- More Tax Planning Tips
- The Tax Filing Deadline
- Things That May Delay Your Refund
- Planning ahead
Budget, Financial Reporting, Planning and Performance
Watch for IRS letters about advance Child Tax Credit payments and third Economic Impact Payments
The IRS started sending Letter 6419, 2021 advance Child Tax Credit, in late December 2021 and continues to do so into January. The letter contains important information that can help ensure the return is accurate. People who received the advance CTC payments can also check the amount of the payments they received by using the CTC Update Portal available on IRS.gov.
Eligible taxpayers who received advance Child Tax Credit payments should file a 2021 tax return to receive the second half of the credit. Eligible taxpayers who did not receive advance Child Tax Credit payments can claim the full credit by filing a tax return.
The IRS will begin issuing Letter 6475, Your Third Economic Impact Payment, to individuals who received a third payment in 2021 in late January. While most eligible people already received their stimulus payments, this letter will help individuals determine if they are eligible to claim the Recovery Rebate Credit for missing stimulus payments. If so, they must file a 2021 tax return to claim their remaining stimulus amount. People can also use IRS online account to view their Economic Impact Payment amounts.
Both letters include important information that can help people file an accurate 2021 tax return. If the return includes errors or is incomplete, it may require further review while the IRS corrects the error, which may slow the tax refund. Using this information when preparing a tax return electronically can reduce errors and avoid delays in processing.
The fastest way for eligible individuals to get their 2021 tax refund that will include their allowable Child Tax Credit and Recovery Rebate Credit is by filing electronically and choosing direct deposit.
The first day to file taxes varies from year to year, but generally falls in the same period in January.
Still have questions? Schedule an appointment with your local tax pro, or call 1-800-HRBLOCK for more help.
“When Will I Get My Tax Return?”
Technically, you don’t get your tax return… You get forms that help you fill out a tax return. And if you overpay, you will get a tax refund from the IRS.
What’s the deadline for filing an extension?
You still have to submit your request for an extension by April 18 (or April 19, if you live in Maine or Massachusetts). But you will have until Oct. 17, 2022, to file a completed 2021 tax return.
Keep in mind that filing an extension doesn’t push back when you need to pay the IRS: To avoid late penalties, you still need to submit an estimate of what you owe. An extension just gives you more time to complete your return.
More Tax Planning Tips
Filing and refund dates aren't the only deadlines that taxpayers have to concern themselves with. Certain payments and reporting requirements are sprinkled over the calendar year, and missing any of them could cause a headache. Here are a few other deadlines you may want to keep in mind:
- Sole proprietors and independent contractors who aren’t subject to tax withholding by an employer should make quarterly estimated payments on January 15, April 15, June 15, and Sept. 15 of each year. The date in January 2022 is actually Jan. 18, and its payment is especially important because it’s the last payment for the 2021 tax year.
- Employees who earn more than $20 in tips in the month of December 2021 should report them to their employers on Form 4070 by Jan. 10, 2022, and every month going forward.
- You can make 2021 IRA contributions until April 18, 2022.
The Tax Filing Deadline
Typically, taxes must be filed by April 15. However, for 2022, you have until April 18, 2022, to file your 2021 income tax returns and pay any tax due.
If you live in Maine or Massachusetts, you have until April 19, 2022, to file your Form 1040 or Form 1040-SR. This is because April 15, 2022, is Emancipation Day and April 18, 2022, is Patriot's Day.
Those wishing to file their returns later can request a six-month extension from the IRS, pushing the filing deadline back to Oct. 17, 2022, if they’re not ready to prepare and file their tax return by April 18 (or April 19).
Typically, the extension end date falls on Oct. 15 each year, but in 2022, that date is a Saturday. To receive the extra time, you must file Form 4868 rather than a tax return by the April date.
Things That May Delay Your Refund
Even though you can file your tax return as soon as Jan. 24, 2022, by law the IRS cannot issue a refund involving the Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC) before mid-February. The purpose of the law is to prevent fraudulent refunds from being issued.
In some cases, even though you file electronically, your return may need manual review, resulting in a delay in processing your return and refund. This could be due to errors, missing information, or if there is suspected identity theft or fraud. The IRS will not always correspond with you about these questions during the review period, but it will send an explanation to you once the issue has been resolved.
It’s never too early to get ready for the tax-filing season ahead. For more tips and resources, check out the Get Ready page on IRS.gov.