Issue Number: 2022-04
Inside This Issue
- Important filing season information
- Updated FAQs on tax credits for paid leave
- IRS hiring more than 5,000 positions in Austin, Kansas City, Ogden
- Interest rates increase for the second quarter of 2022
- A Closer Look – Get to know the IRS, its people and the issues that affect taxpayers
- Other tax news
1. Important filing season information
Child and Dependent Care Credit can help families, others
The IRS issued a filing season reminder that those taxpayers who pay expenses for the care of a qualifying person while working or looking for work may qualify for an important tax credit.
Voice and chat bots
The IRS announced it has begun using voice and chat bots on two of its specialized toll-free telephone assistance lines and IRS.gov, giving taxpayers with simple payment or collection notice questions to get what they need quickly and avoid waiting.
Low Income Taxpayer Clinics
The IRS Low Income Taxpayer Clinic program office announced that its 2022 Publication 4134, Low Income Taxpayer Clinic List is now available.
Updated FAQs
- 2021 Child Tax Credit and Advance Child Tax Credit Payments
- 2021 Earned Income Tax Credit
- Premium Tax Credit – a refundable credit that helps eligible individuals and families cover premiums for health insurance purchased through the Health Insurance Marketplace
Tax Time Guides
- Saving for retirement? IRA contributions for 2021 can be made until April 18
- IRS reminds taxpayers to report gig economy income, virtual currency transactions, foreign source income and assets
- Use the Where’s My Refund? tool or IRS2Go app to conveniently check tax refund status
New features available in IRS Online Account registration
The IRS announced improvements in the registration process to ensure privacy and security.
Penalties and interest
It’s not too late – taxpayers should file and pay taxes by April 18, 2022, to avoid extra charges. The video Avoiding Interest and Penalty Charges provides more info.
2. Updated FAQs on tax credits for paid leave
- The IRS updated its frequently asked questions on tax credits for paid leave under the Families First Coronavirus Response Act for leave prior to April 1, 2021.
- The IRS updated its frequently asked questions on tax credits for paid leave under the American Rescue Plan Act of 2021 for leave after March 31, 2021.
3. IRS hiring more than 5,000 positions in Austin, Kansas City, Ogden
To help serve taxpayers during this challenging tax season, the IRS is hiring more than 5,000 positions in its service processing centers located in Austin, Texas; Kansas City, Missouri; and Ogden, Utah.
The agency is hosting both virtual and in-person hiring events.
4. Interest rates increase for the second quarter of 2022
The IRS announced that interest rates will increase for the calendar quarter beginning April 1, 2022.
5. A Closer Look – Get to know the IRS, its people and the issues that affect taxpayers
“A Closer Look” is a new area on the IRS website that covers a variety of timely issues of interest to taxpayers and the tax community. It also provides a detailed look at key issues affecting everything from IRS operations and employees to issues involving taxpayers, tax and payroll professionals.
Take a closer look.
The following information may be of interest to individuals and groups in or related to small businesses:
- Taxpayer Experience Office formally established to improve service across the IRS
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