Tax-filing Season Starts January 24, 2022

Posted by Nailah Herbert in TaxesJanuary 13, 2022(Last Updated July 26, 2022)•1 min read
Key Takeaways
  • The Internal Revenue Service (IRS) announced that it would begin this year’s tax filing season on Monday, January 24, 2022.
  • As the IRS starts accepting and processing 2021 federal tax returns, individuals and businesses should begin preparing their tax returns.
Are you ready to make some real money moves?

The Internal Revenue Service (IRS) announced that it would begin this year’s tax filing season on Monday, January 24, 2022. As the IRS starts accepting and processing 2021 federal tax returns, individuals and businesses should begin preparing their tax returns.

 

The IRS strongly encourages taxpayers to file their tax returns electronically and with direct deposit. This allows taxpayers to receive their tax refunds within 21 days of filing their return if there are no errors with the tax return.

 

For most taxpayers, except the residents in Maine and Massachusetts, the deadline for filing the 2021 tax return is Monday, April 18. However, those residents who live in Maine or Massachusetts have an extra day to file their return, which is April 19. This is due to the Patriots' Day holiday. 

 

It’s important to file your tax returns as soon as possible, whether you are filing independently or with a tax preparer.

Was this content helpful?
Comments (0)

Sign In to leave a comment.

Download the CapWay App

Access more features to your Money Account

  • Money Goals
  • Request Money
  • Categorize Spending
  • Money Talk

The CapWay, Inc Debit Visa Card is issued by Metropolitan Commercial Bank (Member FDIC) pursuant to a license from Visa U.S.A. Inc. “Metropolitan Commercial Bank” and “Metropolitan” are registered trademarks of Metropolitan Commercial Bank ©2014.

1. For Money Account holders with a negative balance, the CapWay debit card will go into freeze until funds are deposited to bring account back to current. See terms and conditions

2. Sending or receiving money from other CapWay account holders will be instant. Transfers from other accounts could take up to 48 hours, depending on the financial institution.

3. Early access to funds requires direct deposit. Early payment is not guaranteed and is dependent on the timing of payer's submission of deposits. We generally post such deposits on the day they are received which may be up to 2 days earlier than the payer's scheduled payment date.

4. Money Goals allows account holders to save money towards financial goals created within the CapWay platform. Funds can be transferred from your Money Account or saved through the rounding up of your transactions from purchases.

5. CapWay offers financial content through Learn Money free of charge, but may include advertisements through affiliates. Phunds, CapWay's literacy program and session, is paid content or co-branded content.

© 2019-2023 CapWay Inc. All Rights Reserved.