Tax Time Guide: American Rescue Plan changes can boost refunds for many families; people should file even if they haven’t for years
https://www.irs.gov/newsroom/tax-time-guide-american-rescue-plan-changes-can-boost-refunds-for-many-families-people-should-file-even-if-they-havent-for-years
The Internal Revenue Service today urged Americans to file a 2021 federal income tax return so they can take advantage of key tax benefits included in the American Rescue Plan and other recent legislation.
Often, individuals and families can get these expanded tax benefits, even if they have little or no income from a job, business or other source. This means that many people who don't normally need to file a return should consider doing so this year. Because claiming these benefits could result in tax refunds for many people, individuals should file an accurate return electronically and choose direct deposit to avoid processing delays and speed delivery of their refund.
Expanded tax benefits
A new fact sheet, FS-2022-10, available now on IRS.gov, describes many of these expanded tax benefits. But the IRS emphasized that these benefits are only available to people who file a 2021 federal income tax return. Benefits include:
An expanded Child Tax Credit: Families can claim this credit, even if they received monthly advance payments during the last half of 2021.
An increased Child and Dependent Care Credit: Families who pay for daycare so they can work or look for work can get a tax credit worth up to $4,000 for one qualifying person and $8,000 for two or more qualifying persons.
A more generous Earned Income Tax Credit: The American Rescue Plan boosted the EITC for childless workers. There are also changes that can help low- and moderate-income families with children.
The Recovery Rebate Credit: Those who missed out on last year's third-round of Economic Impact Payments (EIP3), also known as stimulus payments, may be eligible to claim the RRC. This credit can also help eligible people whose EIP3 was less than the full amount, including those who welcomed a child in 2021.
A deduction for gifts to charity: The majority of taxpayers who take the standard deduction can deduct eligible cash contributions they made during 2021. Married couples filing jointly can deduct up to $600 in cash donations and individual taxpayers can deduct up to $300 in donations. In addition, itemizers who make large cash donations often qualify to deduct the full amount in 2021.
See the fact sheet for more information.
The IRS reminds early filers that by law, the agency cannot issue EITC refunds before mid-February. The same rule applies to refunds that include the Additional Child Tax Credit (ACTC). This year, the ACTC is typically claimed by Americans abroad who did not have a main h
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IRS resources available in English, Spanish and other languages to help taxpayers still needing to file their 2019 tax returns
https://www.irs.gov/newsroom/irs-resources-available-in-english-spanish-and-other-languages-to-help-taxpayers-still-needing-to-file-their-2019-tax-returns
WASHINGTON — As the tax-filing deadline fast approaches, the Internal Revenue Service reminds taxpayers with limited English proficiency and who have yet to file their 2019 tax returns that there are a variety of ways to get help and information in languages other than English.
"Providing additional materials in more languages to help taxpayers is a priority for the IRS," said IRS Commissioner Chuck Rettig. "These resources are just a start for the IRS. In the months ahead, we will be working to add more material on IRS.gov. We also continue to work with our partners in the tax community to help translate and share more tax materials into different languages. For example, we are extremely proud to have material related to Economic Impact Payments translated into more than 30 different languages with the help of our partners."
The IRS provides some tax information on its IRS.gov website in up to seven languages, including English, Spanish, Chinese, Korean, Russian, Vietnamese and Haitian-Creole.
To get information in one of these languages, taxpayers can click on the language dropdown tab at the top of IRS.gov pages. The tab displays the current language selection and other languages a taxpayer can choose to view translated content. IRS.gov pages translated into one or more languages also have links to available translations on the right side of the page, just below the title.
For example, the Let Us Help You page highlights IRS resources for taxpayers in six languages. This page offers information on notices, payments and numerous other topics. A helpful page for people wanting to plan for the future is the Steps To Take Now To Get A Jump On Next Year's Taxes page, available in seven languages.
Other resources for people with limited English proficiency on IRS.gov include:
IRS Free File for taxpayers with income of $69,000 and below, English and Spanish
Direct Pay with Bank Account to pay your tax bill for free from your bank account, English and Spanish
Check your refund status with Where's My Refund, English and Spanish
Information on Electronic Filing Options for Individuals, six languages
Information on Reporting Phishing and Online Scams, six languages
Publication 17, Your Federal Income Tax, English and Spanish
Answers to questions about tax relief related to COVID-19 and Economic Impact Payments, English and Spanish
Free IRS2Go app for use on Apple and Android devices, English and Spanish
Watch out for scams targeted to non-English speakers
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