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Image with calculator and money for Tax Filing Season 2023

2023 Tax Filing Season Begins

The IRS declared Monday, January 23rd as the official start to the 2023 tax filing season. This date is when the agency began accepting and processing 2022 tax year returns. In preparation for tax filing season, the IRS is continuously providing tips and details regarding what information you need to file, how to file, changes to tax credits, when to expect refunds and what they have implemented to improve taxpayer service.

Information You Need Before Filing

Organize and gather 2022 tax records including any of the below information that may pertain to your situation:

Identification Numbers including:

  • Social Security number
  • Individual Taxpayer Identification Numbers
  • Adoption Taxpayer Identification Numbers
  • Identity Protection Personal Identification Number (IP PIN) for 2023 (Keep in mind that your IP PIN is valid only for federal income tax returns and changes annually)
  • Direct deposit information

Income

If you have multiple sources of income, be certain that you have all documents before filing, including a W-2 if you are an employee and Form1099 from banks or other payers reporting items including but not limited to:

  • Unemployment compensation
  • Dividends
  • Interest
  • Social Security benefits
  • Retirement / pension plan distributions
  • Income earned from the gig economy
  • Digital assets

How to File


To speed refunds, the IRS urges taxpayers to file electronically with direct deposit information.

Free File

The IRS has various programs to help file electronically such as Free File, for taxpayers who made $73,000 or less in 2022. 

VITA and TCE Programs

Other free services include the Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE) programs. The free tax help is for people who make $60,000 or less, a person with disabilities and limited English-speaking taxpayers. For more information about these programs or to find a VITA or TCE site near you, please click here.

Military Tax Services

For those in the military community, MilTax is a free resource offered through the Department of Defense that includes tax preparation and electronic filing software, personalized support from tax consulting and current information about filing taxes. This service includes specific items such as deployments, combat and training pay, housing and rentals and multi-state filings. To learn more visit, click here.

IRS Online Tools and Resources

For a list with links to online tools and resources offered by the IRS, please click here.

Tax Credits

Changes to Tax Credits include amounts for the Child Tax Credit (CTC), Earned Income Tax Credit (EITC) and Child and Dependent Care Credit. Details can be found in our January 11th WM Wednesday Wisdom. For more details, please click here.

Sign for Tax Refund Ahead

Where’s My Refund?

According to the IRS, most refunds are issued in less than 21 days.

For taxpayers claiming the EITC or Additional Child Tax Credit (ACTC) before mid-February, the law requires the IRS to hold the entire refund, not just the portion associated with EITC or ACTC.

You can use the Where’s My Refund tool to check the status of your refund.

Improving the Taxpayer Experience

In October 2022, the IRS reported hiring 4,000 new customer service representatives, to help answer phones and provide other services.

“As the newly hired employees are trained and move online in 2023, we will have more assistors on the phone than any time in recent history,” said IRS Commissioner Chuck Rettig.

In addition to improving phone assistance, the IRS is also hiring IT and compliance positions to help improve and serve taxpayers.

Deadlines

The deadline to file or request an extension for filing 2022 returns is Tuesday, April 18, 2023. The date was changed to the 18th since April 15th falls on a weekend plus Washington D.C. is closed for the Emancipation Day holiday on April 17th.

Dates to keep in mind for 2023

DatePurpose
Monday, January 23, 2023Tax filing season begins; IRS starts to accept and process individual 2022 tax returns.
Tuesday, April 18, 2023National due date to file a 2022 tax return or request an extension and pay tax owed.
Monday, October 16. 2023Due date to file for those who requested an extension on their 2022 tax return.

Questions?

Should you have questions about year-end payroll processing, or any other topics related to your personal or business situation, please contact us at any time.

DISCLAIMER: The WM Update, WM Wednesday Wisdom, WM Daily Update COVID-19, COVID-19 Business Resources, COVID-19 Client News Alerts and other related communications are intended to provide general information, including information regarding legislative COVID-19 relief measures, as of the date of this communication and may reference information from reputable sources. Although our firm has made every reasonable effort to ensure that the information provided is accurate, we make no warranties, expressed or implied, on the information provided. As legislative efforts are still ongoing, we expect that there may be additional guidance and clarification from regulators that may modify some of the provisions in this communication. Some of those modifications may be significant. As such, be aware that this is not a comprehensive analysis of the subject matter covered and is not intended to provide specific recommendations to you or your business with respect to the matters addressed.