Tax season is here and the IRS will begin accepting and processing returns Monday.

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Tax Season Kicks Off

we are nearly done with january and you know what that means. Tax season is here. The I. S. The I. R. S. Will begin accepting and processing 2022 returns today. But things might look a little bit different. Most people in the U. S. Get a federal tax refund every year. And for many people that refund is a big boost. It's a reliable financial windfall. But this year that boost may be much smaller. Tax experts say that's in part because some covid related tax breaks enhancements. Well they expired child tax credit that's reverting back to pre american rescue plan law where it will be up to $2000 as opposed to up to the expanded $3600. Same with child independent care credit that expanded um You know the amount went up to $8000 in credit. Now the april 18th deadline is already stressing you out. You can file for an extension and then you'll have until october to turn in your taxes