It’s time to file your tax returns, and the 2022 filing season promises to be different from recent years.
“The big thing is that there are a ton of tax changes related to stimulus funds and other benefits people may have received in 2021” because of the pandemic, said Lynnette Khalfani-Cox, the financial expert also known as the Money Coach.
Some of those changes will translate into smaller refunds. But while the IRS warns that it has a large backlog of returns to process, people can still avoid lengthy delays if they file electronically, Khalfani-Cox says.
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