Tax season is here and this year is complicated. The Internal Revenue Service is begging taxpayers to file online and is asking that filers make sure to report the correct amounts for stimulus payments and advance Child Tax Credits.
Filing season began on January 24th and getting started early is a good idea. The IRS is bracing for a “challenging” season, according to IRS Commissioner Chuck Rettig. Rettig said, “Filing electronically with direct deposit and avoiding a paper tax return is more important than ever this year.”
For those who think they don’t have to file taxes this year, they might be wrong. A 2021 return is needed to claim a Recovery Rebate Credit or reconcile advance payments of the Child Tax Credit.
Michigan’s Department of Treasury is echoing the sentiments of the IRS: file electronically. State Treasurer Rachael Eubanks said, “Filing electronically is the easiest and quickest way for Michigan taxpayers to get any refund due. This helps ensure tax returns are accurate and improves tax refund turnaround times.”
Taxes must be filed by April 18th.
Reporting for WGRT – Jennie McClelland
