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Tax season under way

With W-2 forms and other essential forms coming your way, it may be time to get a jump on your taxes. 

 

The Internal Revenue Service began accepting individual tax returns on January 24th, but they are already warning filers about refund delays due to a work backlog and limited staffing. Families who received an advance on their Child Tax Credit or received a third stimulus check will also need to ensure they have the proper letters from the IRS. Letters 6419 (Child Tax Credit) and 6475 (Third Stimulus Check) will have the information needed to make sure your return is accurate.

 

The IRS also recommends taxpayers use e-file and direct deposit to avoid delays. After being pushed back to May last year due to the pandemic, you have until April 18th to file your taxes this year. You can see more tips from the IRS on how to properly file your taxes here.

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