Get those W2 forms ready - today marks the officials start to tax season.
WASHINGTON - Tax day is April 18th this year, so you’ve got some time, but Deputy Secretary of the Treasury Wally Adeyemo says when it comes to filing, the earlier the better.
“Do your taxes as soon as possible and that when you do them, you file online,” said Adeyemo. “If you file online, most people will be able to get their refunds back in about 21 days.”Adeyemo says a lot of that backlog is the result of paper filings. He says they’re time consuming, and more prone to error.
He also says make sure you double check that all of your income information is correct when filing. That information is all on your W2 form that your employer will send you. This tax season, the IRS is bolstered with $80 billion dollars that democrats allocated last year as part of the Inflation Reduction Act.House Republicans voted to strip that funding earlier this month, as part of a larger effort to abolish the IRS.
It is unlikely that anything will come of that, since the senate and White House are both controlled by democrats - so it won’t affect you this year as your file.
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