The IRS is mailing special letters to recipients, and they can also check amounts received on IRS.gov. This is especially important for people who received advance Child Tax Credit payments or Economic Impact Payments (American Rescue Plan stimulus payments) in 2021 they will need the amounts of these payments when preparing their tax return. Having an accurate tax return can avoid processing delays, refund delays and later IRS notices. The IRS encourages everyone to have all the information they need in hand to make sure they file a complete and accurate return. People should make sure they report the correct amount on their tax return to avoid delays." And we urge extra attention to those who received an Economic Impact Payment or an advance Child Tax Credit last year. Filing electronically with direct deposit and avoiding a paper tax return is more important than ever this year. "The pandemic continues to create challenges, but the IRS reminds people there are important steps they can take to help ensure their tax return and refund don't face processing delays. "Planning for the nation's filing season process is a massive undertaking, and IRS teams have been working non-stop these past several months to prepare," said IRS Commissioner Chuck Rettig. Updated programming helps ensure that eligible people can claim the proper amount of the Child Tax Credit after comparing their 2021 advance credits and claim any remaining stimulus money as a Recovery Rebate Credit when they file their 2021 tax return. The January 24 start date for individual tax return filers allows the IRS time to perform programming and testing that is critical to ensuring IRS systems run smoothly. Availability is subject to satisfaction of identity verification, eligibility criteria, and underwriting standards & approval.WASHINGTON - The Internal Revenue Service announced that the nation's tax season will start on Monday, January 24, 2022, when the tax agency will begin accepting and processing 2021 tax year returns. Pre-qualify is ATC application and applicant must undergo additional criteria from provider MetaBank®. You must first qualify to apply and if pre-qualified you have a higher chance of actual loan/advance approval. Limited time offer at participating locations.Ģ Pre-Qualify application does not guarantee a loan approval. 0 fees - 0% interest! Ask ATC Tax Pro for details. There is no cost to the taxpayer to receive an advance. The Bonu$ is not a "personal loan" and approval is subject to satisfaction of identity verification, eligibility criteria, and underwriting standards. Fees for other optional products or product features may apply. Tax returns may be filed electronically without applying for this loan. The amount of the advance - $200 to $500 - will be deducted from tax refunds and reduce the amount that is paid directly to the taxpayer. 1 $500 Bonu$ – also referred to as Free Tax Loan – is an optional tax refund related loan, not your tax refund, and is via ATC Advance for qualified individuals (Not EML).
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