Will the IRS extend the tax deadline in 2022?
After the Internal Revenue Service extended the tax filing deadlines in 2020 and 2021, many are wondering an extension will be offered this year.
Tax day, 18 April, is approaching quickly and after taxpayers have been offered an automatic extension the last two years, many are wondering if another may be coming.
Last year the tax deadline was extended because of the passage of the American Rescue Plan (ARP). The ARP made several last minute changes to the US tax code and the IRS needed some times to adjust their operations. In 2020, the deadline was pushed back because of the uncertainty surrounding the pandemic that the country was experiencing in March of that year.
To date, no extension has been announced and none are expected as there are not significant changes to the tax code or other disruptions that require a nationwide extension.
Which states have had their tax filing deadline extended?
While no national extension has been announced at the federal level, the IRS has identified various states and counties where the deadline was postponed because of a severe natural disaster.
After Kentucky was hit by a wave of tornadoes, the IRS announced that households and businesses in various counties (Barren, Breckinridge, Bullitt, Caldwell, Christian, Fulton, Graves, Grayson, Hart, Hickman, Hopkins, Logan, Lyon, Marion, Marshall, Meade, Muhlenberg, Ohio, Shelby, Spencer, Taylor, Todd, and Warren) would have until 16 May to submit their return.
For those who were victims of the of wildfires that began on December 30, 2021 in Colorado also have until 16 May to submit their return. The same goes for residents of Decatur and Dyer countries in Tennessee.
If you were a victim of severe storms, straight-line winds, and tornadoes in parts of Tennessee, you may have until May 16, 2022 to file various individual and business tax returns and make tax payments. See details of #IRS relief at https://t.co/dYvRT5ifJF pic.twitter.com/J9Mjn8U3m3
— IRSnews (@IRSnews) March 16, 2022
How long should it take for my refund to be processed?
The IRS has reported that typically if a person files electronically and provides bank account information for direct deposit they should see their refund within twenty-one days. The IRS offers a free tool called Where's My Refund for taxpayers to check the status of their refund. Information on the status is typically made available within twenty-four of the refund being submitted.
Updates to the #IRS tool “Where's My Refund?” are made once each day – usually overnight. But a refund may take longer for a variety of reasons including if a return is incomplete or needs review. https://t.co/PFiedQsvmp pic.twitter.com/DLLayfwvjL
— IRSnews (@IRSnews) March 16, 2022