![]() There are a variety of state programs that distributed these payments in 2022 and the rules surrounding them are complex. ![]() The IRS is aware of questions involving special tax refunds or payments made by states in 2022 we are working with state tax officials as quickly as possible to provide additional information and clarity for taxpayers. Updates February 3 update IRS issues statement about the taxability of state payments However, for tax year 2022, taxpayers who don't itemize and who take the standard deduction, won't be able to deduct their charitable contributions. No above-the-line charitable deductions. During COVID, taxpayers were able to take up to a $600 charitable donation tax deduction on their tax returns. Visit Credits and Deductions for more details. The Child and Dependent Care Credit returns to a maximum of $2,100 in 2022 instead of $8,000 in 2021.For the EITC, eligible taxpayers with no children who received roughly $1,500 in 2021 will now get $560 for the 2022 tax year.A child must be under age 17 at the end of 2022 to be a qualifying child. For 2022, the CTC is worth $2,000 for each qualifying child.Changes include amounts for the Child Tax Credit (CTC), the Earned Income Tax Credit (EITC) and the Child and Dependent Care Credit will revert to pre-COVID levels. This means that taxpayers will likely receive a significantly smaller refund compared with the previous tax year. Unlike 20, there were no new stimulus payments for 2022 so taxpayers should not expect to get an additional payment. Changes in the number of dependents, employment or self-employment income and divorce, among other factors, may affect your tax-filing status and refund. Status of IRS tax return inventory from prior yearsĢ022 changes that may affect your tax refund.General information for the 2023 tax season.Child Tax Credit guidance for residents of Puerto Rico.Hurricane Fiona tax relief – Puerto Rico.Hurricane Ian tax relief – North Carolina, South Carolina.Inflation adjustments for tax year 2023.Tax relief for California storm victims.2020 unemployment compensation exclusion.IRS issues statement about the taxability of state payments.2022 changes that may affect your return.Newer updates will be placed at the top of this page the IRS will also provide critical updates through social media. This page will be updated with special alerts designed to help anyone whether they are now preparing their tax return or are awaiting processing of a return or refund and the latest updates on IRS letters, or notices. The IRS continues to share updated information for people preparing to file their 2022 tax returns as well as anyone who has previous year tax returns awaiting processing by the IRS. Taxpayers face a number of issues due to critical tax law changes that took place in 2022 and ongoing challenges related to the pandemic.
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