US Politics

Here’s what you need to know if you haven’t filed your return yet — and even if you have

As the clock ticks down to the April 18 deadline for filing federal and state income tax returns for the 2022 tax year, millions of Americans are scrambling to ensure their paperwork is completed and submitted on time. This date marks a crucial milestone in the tax calendar, as it is the last day taxpayers can file their returns without incurring penalties for late submissions. The IRS reports that millions of individuals and businesses have already filed their returns, but for those who haven’t, the pressure is on to gather necessary documents and complete their filings. This year, the process has been particularly challenging for many due to changes in tax laws, inflation adjustments, and ongoing economic uncertainties stemming from the pandemic.

In addition to the looming tax deadline, April 18 also coincides with National Animal Crackers Day, a whimsical celebration that pays homage to the beloved snack. While this day might not capture the attention of tax filers, it serves as a lighthearted reminder to take a break amidst the stress of tax season. For those looking to reward themselves after submitting their returns, indulging in animal crackers could be a fun and nostalgic way to celebrate. As taxpayers navigate through their financial obligations, it’s essential to keep in mind the importance of accuracy and thoroughness in their filings to avoid any potential issues with the IRS.

For those who need assistance, resources are available to help taxpayers through the filing process. The IRS offers various tools, including free filing options for eligible individuals, and there are numerous tax preparation services available. As the deadline approaches, it’s crucial for filers to check their eligibility for any credits or deductions they may qualify for, such as the Earned Income Tax Credit or the Child Tax Credit, which can significantly impact their overall tax liability. Ensuring that all necessary forms are completed and submitted by the deadline not only helps avoid penalties but also allows taxpayers to receive any potential refunds in a timely manner. As we approach this critical date, balancing the seriousness of tax obligations with the joy of small celebrations like National Animal Crackers Day can help ease the stress of tax season.