The problem stems from stimulus payments made by some states over the past year, which raised tax-related issues.
Millions of taxpayers may be among those the IRS is advising to delay filing their 2022 tax returns.
Regarding stimulus payments made by individual states over the past year, there is a problem. Numerous states, including California, Georgia, Florida, and Hawaii, have recently sent their citizens rebates or stimulus payments. Payments range, with some in California reaching $1,050 per person.
Due to the numerous state programs that distributed the payments in 2022 and the intricate regulations governing them. The IRS stated that it was working as quickly as it could with state officials to provide extra information and clarification for taxpayers after these payments raised tax questions.
It’s possible to get clarification on how taxes will be handled as soon as this week. The IRS advised people to postpone filing their returns until more clarification was available in the interim.
The best course of action for taxpayers and tax preparers with questions is to wait for further clarification on state payments rather than calling the IRS. Additionally, the agency advised against amending a 2022 return that has already been submitted.
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IRS Notifies Millions of Taxpayers to Delay Fil...
[…] The problem stems from stimulus payments made by some states over the past year, which raised tax-related issues. Millions of taxpayers may be among those the IRS is advising to delay filing their 2022 tax returns. Regarding stimulus payment […]