Table of Contents
How Early Can You File Taxes in 2022?
The Internal Revenue Service announced that the nation’s tax season will start on Monday, January 24, 2022, when the tax agency will begin accepting and processing 2021 tax year returns.
Even before tax season opens, people can begin filing their taxes early with online tax software companies, including TurboTax online. TurboTax Online will start accepting tax returns in early December, and 2021 tax returns will be automatically transmitted to the IRS the day tax season opens in 2022.
The IRS Recommends Filing Your Taxes Early
According to the IRS, you should file your taxes early so you can avoid delays when waiting for your tax refund. This means you’ll get your tax refund the fastest way possible!
With an estimated 153 million tax returns expected to be filed, 80% of which will be submitted through online tax software, it’s always better to start as soon as possible and avoid any system downtime or painful delays.
Remember These Tax Filing Dates
Apart from the opening date of tax-filing season, the IRS also outlined important closing dates.
You have until approximately Tuesday, April 15, to file your 2021 returns.
If you have tax software or work with a tax professional, it might be worth filing your returns now, or at least getting all the paperwork ready. Of course, these third parties are still subject to the same filing dates as everyone else, but having everything sorted will lead to a stress-free tax season.
Possible Refund Delays Because of New Laws
One primary reason for the expected refund delays is a new law that forces the IRS to withhold refunds when the EITC, Earned Income Tax Credit, and ACTC, Additional Child Tax Credit, have been claimed on a person’s taxes.
The 2015 act was passed to allow the IRS to combat fraud and issue correct refunds. Once your refund has been approved and cleared for payment, the funds will be processed.
The IRS also recommended that taxpayers retain previous tax returns and adjust their gross income calculation due to the elimination of the PIN option on the electronic filing system.
These changes will also help those filing for an extension with Form 1040, which gives you until October 16, 2022, to file your tax return.
You Can Start Filing Your Taxes Now!
The IRS will be opening the tax filing season in mid-January, but there’s no need to wait until then to file your taxes.
Online tax filing allows you to be one of the first in line to get your tax refund. They will securely hold your tax return and submit it to the IRS when they start accepting tax returns.