{"id":27161,"date":"2021-10-28T16:02:20","date_gmt":"2021-10-28T20:02:20","guid":{"rendered":"https:\/\/blog.eztaxreturn.com\/?p=27161"},"modified":"2023-06-04T13:24:51","modified_gmt":"2023-06-04T18:24:51","slug":"will-the-2022-tax-filing-season-be-normal","status":"publish","type":"post","link":"https:\/\/staging.eztaxreturn.com\/blog\/will-the-2022-tax-filing-season-be-normal\/","title":{"rendered":"Will the 2022 Tax Filing Season Be Normal?"},"content":{"rendered":"\r\n<p class=\"wp-block-paragraph\">Because of the pandemic, the last two tax seasons have been anything but normal.\u00a0 Stimulus payments were haphazard and confusing, there were numerous tax law changes, the filing deadline was extended, and millions of taxpayers experienced refund delays.\u00a0 To make matters worse, you\u2019ll likely still be impacted by <a href=\"https:\/\/en.wikipedia.org\/wiki\/COVID-19_pandemic\" target=\"_blank\" rel=\"noreferrer noopener\">COVID<\/a> when you do your taxes in 2022.\u00a0 Here are some things that may make your <a href=\"https:\/\/www.eztaxreturn.com\/contact-and-support\/tax-terms.html#taxrefund\" target=\"_blank\" rel=\"noreferrer noopener\">return<\/a> more complicated.<\/p>\r\n<p>&nbsp;<\/p>\r\n\r\n\r\n\r\n<h2 id=\"h-the-third-stimulus-check\" class=\"wp-block-heading\"><strong>The third stimulus check<\/strong><\/h2>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">A third round of <a href=\"https:\/\/www.irs.gov\/coronavirus\/economic-impact-payments\" target=\"_blank\" rel=\"noreferrer noopener\">Economic Income Payments<\/a> was issued in March 2021 to eligible taxpayers.\u00a0 This time around it was worth $1,400 for you plus $1,400 for each qualifying dependent.\u00a0 The payments were automatically issued based on the information on your 2020 tax return (2019 if you hadn\u2019t filed yet).\u00a0 If you didn\u2019t receive a third payment or got less than the full amount, you may be able to claim the <a href=\"https:\/\/www.irs.gov\/newsroom\/recovery-rebate-credit\" target=\"_blank\" rel=\"noreferrer noopener\">Recovery Rebate Credit<\/a> when you file your 2021 tax return.\u00a0 Be sure to keep track of all payments and keep any notices you receive regarding the third stimulus check because you\u2019ll need the information to claim the credit.<\/p>\r\n<p>&nbsp;<\/p>\r\n\r\n\r\n\r\n<h2 id=\"h-the-expanded-child-tax-credit\" class=\"wp-block-heading\"><strong>The expanded Child Tax Credit<\/strong><\/h2>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">The <a href=\"https:\/\/www.eztaxreturn.com\/contact-and-support\/tax-terms.html#childdependentcarecredit\" target=\"_blank\" rel=\"noreferrer noopener\">Child Tax Credit<\/a> got a facelift for 2021.\u00a0 It is now fully refundable, it\u2019s worth more money, and the age limit for qualifying children has increased.\u00a0 Previously, the credit was worth $2,000 per child and up to $1,400 was refundable.\u00a0 Now, the value has increased to $3,600 for children aged 5 and under, and $3,000 per child aged 6-17 at the end of 2021.\u00a0 From July through December, the <a href=\"https:\/\/www.eztaxreturn.com\/contact-and-support\/tax-terms.html#interestincome\" target=\"_blank\" rel=\"noreferrer noopener\">IRS<\/a> will be issuing monthly advance payments of the Child Tax Credit.\u00a0 Eligible taxpayers will receive half of the credit now and the remaining portion when they file their tax return.\u00a0 The IRS is expected to send out a notice in January stating the amount you received.\u00a0 Keep the notice in a safe place you remember because you\u2019ll need to report the information on your tax return.<\/p>\r\n<p>&nbsp;<\/p>\r\n\r\n\r\n\r\n<div class=\"wp-block-buttons is-horizontal is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-7d812b4c wp-block-buttons-is-layout-flex\"><\/div>\r\n<!-- \/wp:post-content -->\r\n\r\n<!-- wp:heading -->\r\n<h2 id=\"h-unemployment-benefits\" class=\"wp-block-heading\"><strong>Unemployment benefits<\/strong><\/h2>\r\n<!-- \/wp:heading -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>Traditionally, the IRS has considered unemployment benefits taxable income.\u00a0 But the <a href=\"https:\/\/en.wikipedia.org\/wiki\/American_Rescue_Plan_Act_of_2021\" target=\"_blank\" rel=\"noreferrer noopener\">American Rescue Plan<\/a> provided a much-needed tax break for workers who lost their jobs in 2020.\u00a0 Under the new law, workers didn\u2019t have to pay taxes on up to $10,200 of unemployment compensation.\u00a0 So far, it doesn\u2019t look like they\u2019ll be getting another tax break for benefits received this year.\u00a0 As a result, millions of taxpayers may receive a surprise bill or owe more than they anticipated.\u00a0 If you\u2019re currently receiving unemployment benefits, the best thing to do is have taxes withheld from your pay.\u00a0 Another option is to make quarterly estimated tax payments.<\/p>\r\n<p>&nbsp;<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:heading -->\r\n<h2 id=\"h-home-office-expenses\" class=\"wp-block-heading\"><strong>Home office expenses<\/strong><\/h2>\r\n<!-- \/wp:heading -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>Many workers haven\u2019t returned to the office full-time yet.\u00a0 As a remote worker, you may be wondering if you can deduct some of the home office expenses you\u2019ve accumulated during the year.\u00a0 For most people, the answer is no.\u00a0 Taxpayers can only claim their home office expenses if they\u2019re self-employed or own a business.\u00a0 To claim the deduction, the space must be used regularly and exclusively for your business.<\/p>\r\n<p>&nbsp;<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:heading -->\r\n<h2 id=\"h-child-and-dependent-care-credit\" class=\"wp-block-heading\"><strong>Child and Dependent Care Credit<\/strong><\/h2>\r\n<!-- \/wp:heading -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>The maximum for the <a href=\"https:\/\/www.eztaxreturn.com\/contact-and-support\/tax-terms.html#charitablemileage\" target=\"_blank\" rel=\"noreferrer noopener\">Child and Dependent Care Credit<\/a> has been increased for 2021 only.\u00a0 If you paid someone to watch your dependent while you went to work, you claim up to $8,000 of qualifying expenses for one person and $16,000 for two or more people.\u00a0 If your adjusted gross income is $125,000 or less, you can receive 50% of your expenses as a credit.\u00a0 Use <a href=\"https:\/\/www.eztaxreturn.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">ezTaxReturn<\/a> to ensure you get every tax credit and deduction you deserve, so you get the biggest possible refund, guaranteed.<\/p>\r\n<p>&nbsp;<\/p>\r\n<h2 style=\"text-align: center;\">File your taxes online the fast and ez way.<\/h2>\r\n<p>&nbsp;<\/p>\r\n<!-- \/wp:paragraph -->","protected":false},"excerpt":{"rendered":"<p>Because of the pandemic, the last two tax seasons have been anything but normal.\u00a0 Stimulus payments were haphazard and confusing, there were numerous tax law changes, the filing deadline was extended, and millions of taxpayers experienced refund delays.\u00a0 To make matters worse, you\u2019ll likely still be impacted by COVID when you do your taxes in [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":27165,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[15],"tags":[],"class_list":["post-27161","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tax-tips-and-planning"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.13 (Yoast SEO v20.13) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Will the 2022 Tax Filing Season Be Normal?<\/title>\n<meta name=\"description\" content=\"The last two tax 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