Tax season has started but some say that doesn’t mean you should file right away.
“Don’t file so early that you miss something. Don’t think I’ve got my W-2, I don’t need anything else, and then here comes a dividend or bank interest form,” Flynn said. “Make sure you have all of your documents before you file.”
There are a few important changes to note for your 2022 return as well. Some tax credits have reverted back to pre-pandemic levels. Tax preparers have shared that the child tax credit has changed back to $2,000 per qualifying child. The dependent care credit, or babysitter credit, has dropped to $3,000 per child and an automatic $300 charitable cash donation credit no longer exists.
Flynn also urged taxpayers to look out for possible scams during this year’s tax season. She said don’t respond to anyone claiming to be from the IRS over the phone or through text messages.According to Flynn, the IRS works exclusively through the mail. The service will never call or text. Tax Day is April 18, when individual income tax returns are due to be submitted to the federal government, according to the
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk tells Supervisor Jim Desmond he will help with San Diego's new Transportation Plan -SAN DIEGO (KUSI) – San Diego County District 5 Supervisor, Jim Desmond, has been leading the opposition against SANDAG’s extremely unpopular mileage tax proposal. The mileage tax is part of the passed $163 Billion Regional Transportation Plan, but SANDAG Board Members who voted to pass it, originally promised the mileage tax would be removed. But the mileage tax is the...
Read more »
Don’t rush to file your tax return, expert saysTax season has started but some say that doesn’t mean you should file right away.
Read more »
Don’t rush to file your tax return, expert saysTax season has started but some say that doesn’t mean you should file right away.
Read more »
How to avoid mistakes when filing your tax returnsThe IRS says one of the most common mistakes is filing too early without having the right documentation.
Read more »
Clarence Page: How a GOP tax cut plan became a gift to DemocratsNew House Speaker Kevin McCarthy couldn’t seem to give away enough to win his leadership post. But his quick retreat from a radical GOP-backed flat-tax bill shows he may have given away too much.
Read more »
Due to changes in forex and tax rates, Apple adjusts App Store prices in multiple countriesApple is changing App Store pricing in some countries to reflect forex changes and changes in tax policies.
Read more »