Tax Refund 2022 May Come on March 1; Here's How To Check If You Have Received Your Money!
(Photo : Justin Sullivan)
US Dollar Drops To Two And Half Year Low After Latest N. Korean Missile Launch

SAN ANSELMO, CA - AUGUST 29: In this Photo Illustration, Twenty and five dollar bills are displayed on August 29, 2017 in San Anselmo, California. The dollar fell to a two and a half year low to 91.77 Tuesday following the latest missile launch by North Korea. The U.S. dollar index has slipped over 10% since the inauguration of U.S. President Donald Trump. (Photo Illustration by Justin Sullivan/Getty Images)

If you filed your 2021 tax return early online and chose direct deposit and the IRS discovered no "problems" with your return, check your bank account to see if your refund has arrived.

The refund should arrive around March 1 if you filed early and claimed the Earned Income Tax Credit or the Additional Child Tax Credit. If you've checked your bank account but still don't know where your refund is, two IRS websites can help: Where's My Refund? and IRS2Go is also available.

Where To Find Details About Tax Refund?

If you go to the Where's My Refund? page, you can find out where your refund is. You can discover information regarding your refund on the IRS.gov page. Your Social Security number or ITIN (Individual Taxpayer Identification Number), as well as your filing status (single, married filing jointly, head of household, etc.) and the amount of your return, will be required.

If you don't ordinarily have to file a tax return but have children, you must do so to qualify for child-related tax credits like the Child Tax Credit and the Child and Dependent Care Credit.

A taxpayer can get up to $3,600 for each child under the age of five and $3,000 for each child aged six to seventeen under the Child Tax Credit (ages are determined at the end of 2021). The credit can be claimed without proof of income, but the qualifying kid must have a Social Security number.

The Child and Dependent Care Credit allows a taxpayer to claim a credit of up to $4,000 for one eligible person and up to $8,000 for two or more qualified people based on qualifying child or dependent care expenses incurred while the taxpayer worked or looked for work. See IRS Publication 503 for further information, Forbes reported.

You can check the status of your refund within 24 hours after receiving your e-filed return, or about a month after mailing your paper return. You'll need to submit your Social Security number, tax filing status, and projected refund amount to track your refund.

According to the IRS, most tax refunds are shipped out in fewer than 21 days, but if you haven't received your refund after that time, you should contact the IRS.

You can pay any taxes you owe straight from your bank account using the IRS Direct Pay system via the IRS2Go app for free and securely. You can also pay with your credit or debit card using an approved payment processor.

If you qualify, you can use your mobile device to access free tax software to prepare, file, and get your return. You can also get free tax help from a Volunteer Income Tax Assistance or Tax Counseling for the Elderly facility near you. Older taxpayers, as well as those who earn $58,000 or less per year, have a disability or have a restricted capacity to communicate in English, are eligible for free tax assistance, as per GO Banking Rates.

Read Also: Stimulus Checks in States: Each Household May Be Eligible for $4,000 If You Meet the Deadlines

2022 Tax Filing Deadline

If the following requirements are met, your refund money could arrive on March 1 if you claimed the EITC or ACTC:

  • You submitted your tax return via the internet

  • You have the option of receiving your refund via direct deposit

  • Your tax return was found to be error-free by the IRS

You may receive your refund a few days sooner if you meet the aforementioned criteria. It's worth mentioning that your bank may take a few days to authorize your return payment, so don't be surprised if you don't get paid on March 1.

In 2022, the deadline to pay federal taxes is April 18, 2022. Filing your tax return is an important aspect of managing your personal finances.

Gathering the proper papers and information to file a return takes time for most taxpayers. Now is a great time to start thinking about and paying your taxes.

With online tax software, filing your federal and state income tax forms is simple. Whether you owe additional taxes or are expecting a refund, the application can help you through the process, making it easier to file and submit your return.

If you will still have to file and plan to do it with software, have a look at our list of the best tax software to find the best option for you. If you're on a budget and want to save money, check out our list of the best free tax software, USA Today reported.

Related Article: IRS Warning: Underpayments Will Cost Taxpayers More Starting April 1!

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