The IRS announced that the starting date for when it would accept and process 2022 tax-year returns was Monday, Jan. 23, 2023. 

Tips for making filing easier 

To speed refunds and help with tax filing, the IRS suggests the following: 

• Make sure you have received Form W-2 and other earnings information, such as Form 1099, from employers and payers. The dates for furnishing such information to recipients vary by form, but they are generally not required before Feb. 1, 2023. You may need to allow additional time for mail delivery. 
• Go to irs.gov to find the federal individual income tax returns, Form 1040 and Form 1040-SR (available for seniors born before Jan. 2, 1958), and their instructions. 
• File electronically and use direct deposit. 
• Check irs.gov for the latest tax information. 

Key filing dates 

Here are several important dates to keep in mind: 

• January 13. IRS Free File opened. Free File allows you to file your federal income tax return for free [if your adjusted gross income (AGI) is $73,000 or less] using tax preparation and filing software. You can use Free File Fillable Forms even if your AGI exceeds $73,000 (these forms were not available until Jan. 23). You could file with an IRS Free File partner (tax returns could not be transmitted to the IRS before Jan. 23). Tax software companies may have accepted tax filings in advance. 
• January 23. IRS began accepting and processing individual tax returns. 
• April 18. Deadline for filing 2022 tax returns (or requesting an extension) for most taxpayers. 

• October 16. Deadline to file for those who requested an extension on their 2022 tax returns. 

Awaiting processing of previous tax return? 

The IRS is attempting to reduce the inventory of prior-year income tax returns that have not been fully processed due to pandemic-related delays. Taxpayers do not need to wait for their 2021 return to be fully processed to file their 2022 return. 

Tax refunds 

The IRS encourages taxpayers seeking a tax refund to file their tax return as soon as possible. The IRS anticipates most tax refunds being issued within 21 days of the IRS receiving a tax return if the return is filed electronically, any tax refund is delivered through direct deposit, and there are no issues with the tax return. To avoid delays in processing, the IRS encourages people to avoid paper tax returns whenever possible. 

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Kim Brumbaugh is the founder and CEO of Brumbaugh Wealth Management, an Exton-based firm that helps secure people’s financial futures by understanding their unique position and providing personalized solutions for their needs. She started her firm in 2004 with a clear vision to coach clients through complex financial situations and act as a catalyst to get things done. 

Office located at 415 Eagleview Boulevard, Suite 110, Exton, PA 19341. 

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Registered Representatives offering securities and advisory services through Cetera Advisor Networks LLC (doing insurance business in CA as CFGAN Insurance Agency LLC), Member FINRA/SIPC, a Broker-Dealer and a Registered Investment Advisor. Advisory services also offered through AdvisorNet Wealth Partners. Cetera is under separate ownership from any other entity.  

This information was prepared by Broadridge Investor Communications Solutions, Inc. and has been made available for Cetera Advisor Networks and their representatives for distribution to the public for educational information only.  Broadridge Investor Communications Solutions, Inc. is not affiliated with nor controlled by Cetera.  The opinions/views expressed within are that of Broadridge Investor Communications Solutions, Inc. and do not necessarily reflect those of Cetera or its representatives.  In addition, they are not intended to provide specific advice or recommendations for any individual.  Neither Cetera nor its representatives provide tax or legal advice.  You should consult with a financial professional, attorney, accountant, or tax advisor regarding your individual situation prior to making any investment decisions.