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The Internal Revenue Service announced that the nation’s tax season will start on Monday, January 24, 2023, when the tax agency will start accepting and processing 2022 tax year returns.
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1The IRS will begin issuing Letter 6475, Your Third Economic Impact Payment, to EIP recipients in late January. This letter will help Economic Impact Payment recipients determine if they are entitled to and should claim the Recovery Rebate Credit on their tax year 2021 tax returns that they file in 2022
. Letter 6475 only applies to the third round of Economic Impact Payments that was issued starting in March 2021 and continued through December 2021. The third round of Economic Impact Payments, including the "plus-up" payments, were advance payments of the 2021 Recovery Rebate Credit that would be claimed on a 2021 tax return. Plus-up payments were additional payments the IRS sent to people who received a third Economic Impact Payment based on a 2019 tax return or information received from SSA, RRB or VA; or to people who may be eligible for a larger amount based on their 2020 tax return. Most eligible people already received the payments. However, people who are missing stimulus payments should review the information to determine their eligibility and whether they need to claim a Recovery Rebate Credit for tax year 2020 or 2021 You can claim the recovery rebate credit for the third payment on your 2021 return, You may need that information from letter 6475 to determine whether you are eligible to claim a 2021 Recovery Rebate Credit on your 2021 tax return filed next year. This information will help you if you don't receive a third payment or don't receive the maximum amount this year, because you may be eligible to claim the 2021 Recovery Rebate Credit when you file your 2021 tax return.
If you’re ready to file but don’t have your letter, you can use the IRS Child Tax Credit portal with an ID.me account to verify the details from the letter.
Here’s how to check your advance child tax credit payments:
The IRS will send this important notice at the end January to those who received advance Child Tax Credit payments in 2021.
Why is the letter so important? The information in this form will help you report your CTC advance payments correctly and it will help you claim the other half of your Child Tax Credit. We strongly encourage you to reference IRS letter 6419 before you file your taxes. Using incorrect amounts on your return could trigger a manual review of your return, which could delay your return and refund for weeks even months. If you’re ready to file but don’t have your letter, you can use the IRS Child Tax Credit portal with an ID.me account to verify the details from the letter. Here’s how to check your advance child tax credit payments:
All or part of your refund may have been used (offset) to pay off past-due federal tax, state income tax, state unemployment compensation debts, child support, spousal support, or other federal nontax debts, such as student loans. To find out if you may have an offset or if you have questions about an offset, contact the IRS to which you owe the debt.
IRS also may have changed your refund amount because they made changes to your tax return. This may include corrections to any incorrect Recovery Rebate Credit amount. You’ll get a notice explaining the changes. Where’s My Refund? will reflect the reasons for the refund offset when it relates to a change in your tax return. Tax Topic 203, Refund Offsets for Unpaid Child Support, Certain Federal and State Debts, and Unemployment Compensation Debts has more information about refund offsets. It's been longer than 21 days since the IRS received my return and I haven’t gotten my refund. Why? Some tax returns take longer to process than others for many reasons, including when a return:
IRS will contact you by mail when (or if) they need more information to process your return. If the IRS is still processing your return or correcting an error, neither Where’s My Refund? or our phone representatives will be able to provide you with your specific refund date. Please check Where’s My Refund? for updated information on your refund. Once per day, usually at night. There’s no need to check more often.
According to the Protecting Americans from Tax Hikes (PATH) Act, the IRS cannot issue EITC and ACTC refunds before mid-February. The IRS expects most EITC/ACTC related refunds to be available in taxpayer bank accounts or on debit cards by the first week of March, if they chose direct deposit and there are no other issues with their tax return. Check Where’s My Refund for your personalized refund date.
Where’s My Refund? on IRS.gov and the IRS2Go mobile app remains the best way to check the status of a refund. WMR on IRS.gov and the IRS2Go app will be updated with projected deposit dates for most early EITC/ACTC refund filers by February 22. So EITC/ACTC filers will not see an update to their refund status for several days after Feb. 15. While the IRS issues 9 out of 10 tax refunds within 21 days, it's possible your return may require additional review and take longer to process.
For some taxpayers, income, and other identity-protection safeguards implemented by the IRS may account for longer wait times. Other things that can delay your refund include, but are not limited to:
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January 2023
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