The IRS is recommending that taxpayers hold off on filing their tax returns for 2022 if they received a special tax refund or payment from their state last year.
, which has stated that taxpayers that filed a standard deduction will not be taxed for their tax rebate. However, not all states have issued guidance on tax rebates.Following the IRS recommendations is key if taxpayers want to avoid having to amend a previously filed tax return, said Hall.
"I think the IRS is trying to help people save another filing, if they had to do an amended return," he said.The IRS is recommending that you don’t file an amended return yet. If you believe you need to file an amended return, the IRS advises you to wait until further instructions are given.Special tax refunds were offered by 19 states in 2022.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
IRS tells millions of Americans to hold off on filing their taxesTax agency said it is trying to determine whether tax rebates, issued in many states last year, count as income.
Read more »
IRS asks millions of Americans to wait before filing taxesThe Internal Revenue Service is asking millions of Americans to wait to file their tax returns as it works to clear up questions about special tax refunds or payments made by states in 2022.
Read more »
Why the IRS Says to Hold Off Filing Your Tax Return If You Received a Relief Check in 2022The IRS says it’s confirming whether state-issued relief checks should be taxed federally.
Read more »
IRS Asks Millions of Taxpayers in Illinois, Other States to Hold Off on Filing 2022 Tax ReturnsThe IRS is recommending that millions of taxpayers in more than a dozen states including Illinois hold off on filing tax returns until they receive “additional guidance.”
Read more »
IRS Tells Tax Payers in 19 States to Hold Off on Filing Returns. Here's WhyThe IRS is recommending that taxpayers in NJ and Delaware hold off on filing their tax returns for 2022 if they received a special tax refund or payment from their state last year.
Read more »
VolunteerNow appoints Rachel Triska as CEO - Dallas Business Journal'Together, I believe we will innovate our way into the most compelling volunteer solutions of this generation.'
Read more »