2022 Tax Refunds - The IRS Reduced My Refund Amount?
Tax refunds are starting to roll in, but many refunds are less than what the taxpayer thought they would receive. Why is that?
In this video, I cover two of the most common errors this year. Not claiming the amounts of the advanced child tax credit, and not getting your federal withholding tax amount correct.
If you have yet to file your tax return, please file it electronically! Paper filed returns will be delayed for months!
To view the IRS' free e-file providers, check here:
https://apps.irs.gov/app/freeFile/bro...
Need to claim the EITC: • How to Claim Earned Income Tax Credit...
IRS FAQ on the EITC: https://www.irs.gov/newsroom/irs-issu...
You can check your tax refund status online at the IRS.gov website.
For a larger database of tutorials, please visit our website and search for your question:
https://knottlearning.com/
DISCLAIMER: The information provided in this video may contain information about tax, financial, and legal topics. Such materials are for informational purposes only and may not reflect the most current developments. These informational materials are not intended and should not be taken as tax, financial, or legal advice. You should contact an advisor to discuss your specific facts and circumstances. Self-help services may not be permitted in all states or jurisdictions. The use of these materials does not create an attorney-client or confidential relationship. This video does not include information about every topic or issue related to these informational materials.
#TaxRefundUpdates #TaxRefund #Form1040
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