You may have received your 2021 tax refund
If you filed your 2021 tax return early online, opted for direct deposit to your bank account, and the IRS found no “issues” with your return, check your bank account – you can see your refund deposit. This is according to a February 24, 2022 IRS press release, “Tax Time Guide: Use the ‘Where’s My Refund?’ IRS2Go tool or app to easily check tax refund status. »
If you filed earlier but claimed the Earned Income Tax Credit or the Additional Child Tax Credit, the refund should arrive around March 1.
If you’re checking your bank account but have questions about where your refund is, there are two IRS sites that can help: Where’s my refund? and IRS2Go.
Tax refund details
If you go to Where’s my refund? page on IRS.gov, you can find details about your refund. You will need your Social Security Number or ITIN (Individual Tax Identification Number), as well as your filing status (single, married filing jointly, head of household, etc.) and the exact amount of your declaration.
Once you have entered this information online, you can view the status of your refund (return received, refund approved, refund sent). The IRS notes, “If you filed a complete and accurate tax return, your refund should be issued within 21 days of the date it was received. However, processing may take longer under certain circumstances.
IRS2Go is the official IRS mobile app. You can use the app to check the status of a tax refund. (If you need to make a payment, you can access IRS Direct Pay through the app.)
EITC and ACTC
As a reminder, the Earned Income Tax Credit (EITC) aims to offer tax relief to taxpayers with low or average incomes. You can check if you qualify by using the EITC wizard on IRS.gov.
The additional child tax credit, according to the IRS, is “a credit you may be able to take if you are unable to claim the full amount of the [Child Tax Credit].”
You don’t normally file a tax return?
Here’s another important reminder: if you don’t normally need to file a tax return, but you have children, you must file a return in order to get child-related tax credits, such as the child tax and the child care and dependent care credit. .
The child tax credit allows a taxpayer to receive up to $3,600 for each child aged 5 and under and $3,000 for each child aged 6 to 17 (ages are determined at the end of 2021). No income is necessary to claim the credit, but the qualifying child must have a Social Security number.
The child and dependent care credit allows a taxpayer to get a credit of up to $4,000 for one eligible person and up to $8,000 for two or more eligible people, depending on eligible expenses for the care of children or dependents while the taxpayer was working or looking for work. . For details, see IRS Publication 503.
Need help filling out your declarations?
The IRS offers two important resources to help file accurate tax returns.
The Tax Time Guide provides important information about tax changes and how they affect taxpayers, while Publication 17, “Your Federal Personal Income Tax,” is a 140-page guide with explanations and examples for 2021 tax returns.
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