The official start to the tax season is today–January 23, 2023. More than 168 million individual tax returns are expected to be filed this tax season. 

With new funding from the Inflation Reduction Act, the IRS took steps to hire more than 5,000 new staff members. Most of the new employees have been trained to answer phones and help taxpayers and tax professionals with questions, according to Acting IRS Commissioner Doug O’Donnell. 

He said, “While much work remains after several difficult years, we expect people to experience improvements this tax season. That’s just the start as we work to add new long-term transformation efforts that will make things even smoother in future years.” 

Key Tax Filing Dates (from IRS.gov)

  • January 13: IRS Free File Opens
  • January 17: Due date for tax year 2022 fourth quarter estimated tax payment
  • January 23: IRS starts accepting and processing individual 2022 tax returns
  • January 27: Earned Income Tax Credit Awareness Day 
  • April 18: Due date to file a 2022 tax return or request an extension 
  • October 16: Due date to file for those requesting an extension on their 2022 tax returns

FAQ

Why is the deadline on Tuesday, April 18 this year?

This year’s due date is April 18, instead of April 15, to accommodate for the weekend and the District of Columbia’s Emancipation Day holiday, which falls on Monday, April 17. 

What do I need to have ready for my CPA?

It will pay off to organize your necessary documents ASAP. This might include gathering bank statements, payroll information, 1099s, bookkeeping reports, tax filings, financial statements, K-1s, and other documents depending on your situation. 

When will I get my tax refund?

It’s most important to file an accurate and complete tax return. So, you’ll need to wait until you have all of your income statements, including anything related to unemployment compensation, dividends, pension, and retirement plan distributions. Then, the fastest way to file and receive a refund is by filing electronically with direct deposit. Your CPA can help you through these steps. 

Wilke CPAs & Advisors is standing by to answer questions and to help you maximize your tax return. Contact us to schedule a time to talk this tax season.