IRS still faces 2021 backlog as new tax season begins

IRS still faces 2021 backlog as new tax season begins

From NPR.org —  By BRIAN NAYLOR Monday, Jan. 24 marked the beginning of the 2022 tax filing season, when the IRS began accepting accept 2021 income tax returns from individuals and businesses. Most people have until April 18 to submit them this year. But as it starts...
Tax refunds could be delayed in 2022. Here’s why

Tax refunds could be delayed in 2022. Here’s why

From Nexstar Media Wire —  NBC4i.com — Tax season is almost here, but issues related to the pandemic could delay your refund. The IRS announced Monday that it will begin accepting and processing 2021 tax year returns on Jan. 24, 17 days earlier than last year. “The...
More tax-saving tips to wrap up 2021

More tax-saving tips to wrap up 2021

From gobankingrates.com —  By SAM DiSALVO — Worrying so much about how much you’ll owe in taxes that you’ve searched “is the punishment for tax evasion really that bad?” There’s no reason to resort to extremes. Here are a few tax-saving tips for moves you can make to...
Retirement Plan Limits on the Rise in 2022

Retirement Plan Limits on the Rise in 2022

From Pinnacle Wealth Planning Services, Inc. —  Many IRA and retirement plan limits are indexed for inflation each year. Although the amount you can contribute to IRAs remains the same in 2022, other key numbers will increase, including how much you can contribute to...