Bookmark and Share [ [link removed] ]

a { color:#0073AF !important;} a:hover { color:#004673 !important;}
IRS.gov Banner
IRS Tax Tips October 31, 2022

Useful Links:

IRS.gov [ [link removed] ]

Help For Hurricane Victims [ [link removed] ]

________________________________________________________________________

News Essentials

What's Hot [ [link removed] ]

News Releases [ [link removed] ]

IRS - The Basics [ [link removed] ]

IRS Guidance [ [link removed] ]

Media Contacts [ [link removed] ]

Facts & Figures [ [link removed] ]

Around The Nation [ [link removed] ]

e-News Subscriptions [ [link removed] ]

________________________________________________________________________

The Newsroom Topics

Multimedia?Center [ [link removed] ]

Noticias en Espa?ol [ [link removed] ]

Radio PSAs [ [link removed] ]

Tax Scams/Consumer Alerts [ [link removed] ]

The Tax Gap [ [link removed] ]

Fact?Sheets [ [link removed] ]

IRS Tax Tips [ [link removed] ]

Armed Forces [ [link removed] ]

Latest News [ [link removed] ]

________________________________________________________________________

IRS Resources

Contact?Your Local IRS?Office [ [link removed] ]

Filing Your Taxes [ [link removed] ]

Forms & Instructions [ [link removed] ]

Frequently Asked Questions [ [link removed] ]

Taxpayer Advocate Service [ [link removed] ]

Where to File [ [link removed] ]

IRS Social Media [ [link removed] ]

?

________________________________________________________________________


Issue Number:? COVID Tax Tip 2022-166

___________________________________________________________

*Nine million people who missed expanded tax benefits still have time to file *

More than nine million people may qualify for tax benefits but didn?t claim them by filing a 2021 federal income tax return. Many in this group may be eligible to claim some or all of the 2021 recovery rebate credit [ [link removed] ], the child tax credit [ [link removed] ], the earned income tax credit [ [link removed] ] and other tax credits [ [link removed] ]. These and other tax benefits were expanded under last year?s American Rescue Plan Act and other recent legislation.

*The only way to get the valuable benefits is to file a 2021 tax return*.
Often, people can get these expanded tax benefits [ [link removed] ], 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 tax return should do so for 2021, even if they haven?t been required to file in recent years.

Eligible people can file a tax return even if they don?t receive a letter. There?s no penalty for a refund claimed on a tax return filed after the regular April 2022 tax deadline.

*The expanded tax benefits include*:


* *An expanded child tax credit [ [link removed] ]*. Families can claim this credit, even if they received monthly advance payments during the last half of 2021. The total credit can be as much as $3,600 per child.


* *A more generous earned income tax credit [ [link removed] ]*. The law boosted the EITC for childless workers. There are also changes that can help low- and moderate-income families with children. The credit can be as much as $1,502 for workers with no qualifying children, $3,618 for those with one child, $5,980 for those with two children and $6,728 for those with at least three children.


* *The recovery rebate credit [ [link removed] ]*. Those who missed out on last year?s third round of Economic Impact Payments may be eligible to claim the RRC. Often referred to as stimulus payments, this credit can help eligible people whose third payment was less than the full amount, including those who welcomed a child in 2021. The maximum credit is $1,400 for each qualifying adult, plus $1,400 for each eligible child or adult dependent.


* *An increased child and dependent care credit [ [link removed] ]*. Families who have care expenses for a child or dependent 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 deduction for gifts to charity [ [link removed] ]*. Most tax-filers 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 individuals can deduct up to $300 in donations. In addition, itemizers who make large cash donations often qualify to deduct the full amount in 2021.

*Free File to stay open until November 17*
To help people claim these benefits, Free File [ [link removed] ] will remain open for an extra month this year, until November 17, 2022. People with income of $73,000 or less can electronically file a return for free using brand-name software.

People can also visit ChildTaxCredit.gov [ [link removed] ] to file a 2021 income tax return. Individuals with income below $12,500 and couples with income below $25,000 may be able to file a simple tax return to claim the 2021 Recovery Rebate Credit and the Child Tax Credit.

*More information*
EITC Assistant [ [link removed] ]
Does My Child/Dependent Qualify for the Child Tax Credit or the Credit for Other Dependents [ [link removed] ]?
Am I Eligible to Claim the Child and Dependent Care Credit [ [link removed] ]?

Share this tip on social media -- #IRSTaxTip: Nine million people who missed expanded tax benefits still have time to file [link removed]

Back to top [ #top ]

?

________________________________________________________________________

FaceBook Logo [ [link removed] ]??YouTube Logo [ [link removed] ] ?Instagram Logo [ [link removed] ]? Twitter Logo [ [link removed] ] ?LinkedIn Logo [ [link removed] ]

________________________________________________________________________

Thank you for subscribing to IRS Tax Tips, an IRS e-mail service. For more information on federal taxes please visit IRS.gov [ [link removed] ].

This message was distributed automatically from the IRS Tax Tips mailing list. *Please Do Not Reply To This Message.*



?

________________________________________________________________________

Update your subscriptions, modify your password or email address, or stop subscriptions at any time on your Subscriber Preferences Page [ [link removed] ]. You will need to use your email address to log in. If you have questions or problems with the subscription service, please contact subscriberhelp.govdelivery.com [ [link removed] ].

This service is provided to you at no charge by the Internal Revenue Service (IRS) [ [link removed] ].


body .abe-column-block {min-height: 5px;} ________________________________________________________________________

This email was sent to [email protected] by: Internal Revenue Service (IRS) ? Internal Revenue Service ? 1111 Constitution Ave. N.W. ? Washington DC 20535 GovDelivery logo [ [link removed] ]
body .abe-column-block { min-height: 5px; } table.gd_combo_table img {margin-left:10px; margin-right:10px;} table.gd_combo_table div.govd_image_display img, table.gd_combo_table td.gd_combo_image_cell img {margin-left:0px; margin-right:0px;}