Every year, tax season comes around and while it is tempting, you cannot avoid it. For this reason, it is crucial to make sure to file your taxes. Many people simply don’t want to since it requires work, might be difficult, and can take time. If you put off filing your taxes, you should know that you are not the only one. Almost one-third of Americans try to wait as long as they can.

What’s interesting about this is that people’s main excuse for postponing filing for Tax Day in 2022 is that they expect they will not receive a refund. They do not feel they need to file if they are not anticipating a refund. In addition, stress and the need to submit their taxes accurately are two other excuses for delaying filing.

Whatever the cause, it is crucial to make sure your taxes are filed accurately and on time. This is due to the fact that approximately 58 million tax refunds had been distributed as of March 25th, 2022. And here’s the best part: these refunds came with an average amount of $3,263. The average payment amount is surprisingly $448> higher than the average refund check for the 2021 filing season, which is remarkable. We want to look more closely at what handling your taxes involves because refunds might be worth thousands of dollars.

IRS Support Tips

Taxes are an important part of life, even though they can be stressful. For this reason, it is critical to ensure that you manage your taxes properly. You can handle the tax process more easily if you follow a few simple tips. Although the official filing date for the 2022 tax season was April 18th, those who requested an extension have more time to complete their taxes! You have until October 15, 2022, if you requested an extension. Make sure to submit your extension as soon as possible if you have not yet filed your taxes. Keep in mind the following tax support tips:

• Take advantage of Tax Programs the Internal Revenue Service (IRS) Offers
• Hire a Tax Professional for Assistance
• Use Tax Debt Relief Resources

Take advantage of Tax Programs the Internal Revenue Service (IRS) Offers

The IRS is aware that some groups of people may need more assistance than others. For this reason, they offer some helpful programs such as:

• Volunteer Income Tax Assistance (VITA)
• Tax Counseling for the Elderly (TCE)

Volunteer Income Tax Assistance (VITA)

For more than 50 years, VITA has provided assistance to those in need. Anyone who qualifies and participates in this program may receive free tax assistance, including:

• People who generally earn no more than $60,000 each year
• People with disabilities
• Taxpayers who have limited English proficiency

Although the IRS manages this program, VITA sites are run by IRS partners. Volunteers who are qualified to provide tax counseling support work at these sites. Volunteers are IRS-certified and frequently have a background working with non-profit groups that receive IRS grants. VITA’s services are pretty reliable, and they can be of great help to those trying to get their tax returns together.

Tax Counseling for the Elderly (TCE)

This option for tax relief is available to taxpayers who are at least 60 years old. This program’s assistance can be particularly helpful for senior-related issues including retirement, pensions, and more.

TCE sites are run by IRS partners even though this program is administered by the IRS (just like the assistance opportunity we mentioned above). You will find qualified volunteers providing tax counseling support work at these locations. They are IRS-certified volunteers who frequently have experience working with non-profit organizations that are recipients of IRS grants. This chance offers trustworthy services that customers may rely on while putting together their tax returns.

Hire a Tax Professional for Assistance

Contacting a tax professional is the best piece of advice we can offer. Tax professionals are individuals who have the expertise and information necessary to provide proper tax advice. They can assess your particular circumstances and assist you in managing the state and federal tax filing processes. Professionals are available through organizations like H&R Block, TurboTax, and others.

Use Tax Debt Relief Resources

Taxpayers can get support from the IRS in a variety of ways. The IRS also provides the Fresh Start Program in addition to TCE and VITA. This program is a catch-all word for these various IRS relief options:

• Currently Non-Collectible (CNC)
• Installment Agreement (IA)
• In-Compromise Offer (OIC)
• Penalty Abatement

The purpose of these many options is to help taxpayers get back on track by providing debt relief. People can use these solutions to manage their tax burden without having to worry about penalties like:

• Liens
• Levies
• Wage Garnishments
• Jail Time

It is crucial to assess your options because every program might offer support in a different way. Additionally, you can speak with experts to determine which type of support is best for your situation.

Most Frequently Asked Questions

It can be difficult to understand how to handle taxes sometimes, particularly if you are not used to taking responsibility for this aspect of your life. After going through this article, you might have some questions that others have already asked.

How Do Tax Refunds Work?

People may receive thousands of dollars in returns when they are entitled to tax refunds. However, where does this money come from? What exactly is a tax return? A tax return is frequently the result of an individual paying more income tax than necessary. As a result, the state and the federal governments return the extra money they have received.

Who is Eligible for a $3,263 Tax Refund?

We aren’t specifically referring to a chance for checks when we talk about the $3,263 average tax refund. We just want to highlight that the average tax refund check was $3,263, out of all the checks that have been issued.

Bottom Line

Dealing with taxes may be difficult and frustrating for some people. The IRS, however, may owe money to taxpayers who failed to file their returns in 2018. For many taxpayers, the time to submit a claim for this money expired on April 18th. Those who received an extension, however, have until October 15th. These returns came with an average amount of $3,263! Therefore, if you still have time, it’s crucial to check what you might be owed. Additionally, bear in mind some tax tips like:

• Take advantage of Tax Programs the Internal Revenue Service (IRS) Offers
• Hire a Tax Professional for Assistance
• Use Tax Debt Relief Resources

The anxiety associated with taxes does not have to be real. Instead, when tax season rolls around, you could be able to make some money.