The IRS will begin accepting tax returns on Jan. 24, 2022. Here’s what to know about filing taxes, unemployment claims and child tax credit payments.
Author: Susan Tompor, Detroit Free Press
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If the IRS is accepting tax returns Jan. 24, does that mean you’ll get your refund early?
Although the IRS will start accepting returns on Jan. 24, you may not get a refund until mid-February – especially if you got child tax credit money.
Child tax credit money will be a no show in January; look out for IRS letter instead
What many families might not realize is that monthly child tax credit payments last year were to represent only half of a family’s estimated credit.
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Student loan bills, higher prices for groceries, and uncertainty about the child tax credit all could cut into family budgets in 2022.
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Latest child tax credit money arrives Dec. 15. But don’t count on extra cash in 2022.
The money will stop unless Congress passes President Joe Biden’s Build Back Better package, which is currently stalled in the Senate.
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