Don’t like ’em but got to pay Uncle Sam to stay clean and fund the land we live in. However be smart and realize while we should pay our fair share there are many credits, deductions and tax breaks you should be taking advantage of to lower your taxes or maximize your refund. For these and other tax related information keep reading.
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2022-2023 Tax Season Trending Topics
- 7 most searched tax topics
- Tax Rates and Brackets
- Tax Season Due Dates and Deadlines
- Tax Refund Delays and Contacting the IRS
- Why is my refund lower than expected?
- IRS New Agents and System Upgrades under PATH act
- Current IRS Tax Refund Processing Schedule
- IRS Processing Cycle Code
- Amended Returns
- What to the IRS Tax Transcript Codes Mean?
- Child Tax Credit (CTC) Stimulus
- Earned Income Tax Credit
2023 Tax Season Filing Calendar & Key Deadlines
2023 Tax Season Key Dates | Tax Related Activity |
|---|---|
| Jan 3rd | Official start of the current tax season. You can start filing a federal tax return via e-file or mailed-in paper returns, though the IRS generally will not accept and process tax returns until January 23rd |
| Jan 13th | IRS Free File opens and eligible providers will start accepting returns and submit to IRS after Jan 23rd |
| Jan 17th | Final estimated tax quarterly payment due for 2022 |
| Jan 23rd | IRS E-file goes "live" allowing acceptance and processing of electronic tax returns for the vast majority of tax filers. Paper tax returns will begin processing a week or two later (see est. IRS refund schedule) |
| Feb 1st | Date by which you should have received a W-2 from employer(s) you worked for during the tax year. If not, contact their HR/Payroll department to resend tax documents. |
| Feb 1st | Deadline for receiving 1099 statements (factors in your AGI income) that report non-employee compensation, bank interest, dividends and distributions from a retirement plan. Financial institutions (e.g Vanguard, Fidelity) must also mail out 1099-B, 1099-S and 1099-MISC forms by this date. See what these forms are and if you will need one for your return |
| Feb 28th | PATH Act Lifts (estimated IRS date). Refund dates released for taxpayers who have filed electronically and claimed the EITC or ACTC. Impacted refund payments will generally start 8 to10 days after this date. See more on PATH updates and processing. |
| March 15th | S Corporation and Partnership tax returns or extension requests due |
| April 18th | *Tax Day* Last day for on-time filing of federal and state IRS income tax returns or for submitting extension requests (Form 4868). This is 3 days later than the usual April 15th date because of the weekend and DC's Emancipation day holiday. Residents in FEMA approved federal disaster zones will also get an automatic extension (see below). Otherwise all tax liabilities or payments must be made by this day to avoid interest and penalties. This includes returns with approved extensions to file. If you are unable to pay your taxes, you can apply for an IRS payment plan. |
| April 18th | Last day to make a tax filing year contribution to Traditional or Roth IRAs, Health Savings Account (HSA), SEP-IRAs. |
| April 18th | FBAR (Foreign Bank Account Report) forms due for taxpayers who have signature authority over $10,000 in total in foreign bank accounts in the prior year. Laws enacted last year change the standard FBAR due date to "tax day" (vs June 30th as in years past). No extensions are allowed and forms must be filed electronically. |
| May 15th | Tax Day for designated FEMA relief areas where the IRS provided tax payment and filing extensions. Individuals and households that reside or have a business in these areas may qualify for tax relief. The current list of eligible localities is always available on the IRS disaster relief page. |
| June 15th | U.S. citizens or resident aliens living abroad must file tax returns by this date (or request a four-month extension). See section below for more details. Any actual or estimated taxes are still due by Tax Day. |
| Oct 16th | Due date to file approved extensions for federal, state and S-Corp/Partnership income tax returns |
See this article for more information and comments on key dates, forms and deadlines for the current, past and upcoming tax season.
Best Tax Filing Software Providers (and deals)
Maximize your refund and pay as little as you have to with these recommended top online e-file tax software packages. You can try them all for free and only pay when you actually file the return.
Most will get you to the same refund number, but the user experience and post-filing support (if audit issues) are what you pay for with the bigger players.
| Tax Provider | Summary |
|---|---|
| TurboTax | The most headache-free option, with a very slick user interface and a variety of live support options. From the simplest to the most complex return, TurboTax probably has various options to cover you (see full review). Good for small business’ and self employed. It also has some great post filing support and a 100% accuracy guarantee, where they pay any IRS or state penalty (or interest) related to any errors they made. See all TurboTax Deals |
| H&R Block | H&R Block’s offers an in-person and online do-it-yourself tax preparation service with well designed filing software and over 12,000 retail offices to provide back-up options and audit support. It’s a large national brand and if you like the ability to get a high level of support (online and in person) then block is a good option. See H&R Block Deals |
| TaxAct | Provider of affordable digital tax preparation solutions for individuals, business owners and tax professionals. The software has been designed by in-house programmers and tax accountants. Probably one of the best value D-I-Y online tax filing options out there. See more TaxAct Deals |
| eFile | Basic and no-frill tax filing software for a fraction of the cost of the larger providers. If your return is simple and you just want a straightforward electronic filing option then this is the tax filing package for you. File for free with eFile |
| Tax Slayer | Another one of the low frill providers out there for those looking for an inexpensive tax software option a sleek and mobile friendly user interface. They also provide maximum refund guarantees. Like other providers you get one free state filing with your federal return and can up load a lot of your tax documents. Phone and email support is available, but no live chat. See tax season deals |
See a more detailed review of tax software providers.
You can use the IRS Free e-Filing (online tax software filing) if your adjusted gross income (AGI) is below a certain threshold. This free filing service is partnership between the IRS and major tax software providers. Note that participating tax software companies can set lower or higher AGI limits for using free file through their online service (see more details in this article).
2022-2023 Tax Brackets and Standard Deduction
Below are the tax tables for the 2022 tax year (used for filings in 2023). See this article for more on the prior, current and 2023 federal tax brackets.
2022 Federal Taxable Income IRS Tax Brackets and Rates
| Tax Rate | Single Filers | Married Filing Jointly | Married, filing separately | Head of Household |
|---|---|---|---|---|
| 10% | Up to $10,275 | Up to $20,550 | Up to $10,275 | Up to $14,650 |
| 12% | $10,276 to $41,775 | $20,551 to $83,550 | $10,276 to $41,775 | $14,651 to $55,900 |
| 22% | $41,776 to $89,075 | $83,551 to $178,150 | $41,776 to $89,075 | $55,901 to $89,050 |
| 24% | $89,076 to $170,050 | $178,151 to $340,100 | $89,076 to $170,050 | $89,051 to $170,050 |
| 32% | $170,051 to $215,950 | $340,101 to $431,900 | $170,051 to $215,950 | $170,051 to $215,950 |
| 35% | $215,951 to $539,900 | $431,901 to $647,850 | $215,951 to $323,925 | $215,951 to $539,900 |
| 37% | Over $539,900 | Over $647,850 | Over $323,925 | Over $539,900 |
| Standard Deduction | $12,950 | $25,900 | $12,950 | $19,400 |
| Personal Examption | $0 | $0 | $0 | $0 |
2023 IRS Refund Schedule
Below is the estimated IRS refund schedule for standard/regular returns in 2023. You can see more in this article which has several thousand comments on people having refund issues due to some of these reasons.
2023 IRS Refund Standard Processing Schedule
| Tax Return Accepted by IRS By: (Status = Return Received) | IRS Processing Completed By: (Status = Refund Approved) | Refund Payment (DD) By: (Status = Refund Sent) |
|---|---|---|
| January 27, 2023 | February 6, 2023 | February 13, 2023 |
| February 3, 2023 | February 10, 2023 | February 20, 2023 |
| February 10, 2023 | February 17, 2023 | February 27, 2023 |
| February 17, 2023 | February 24, 2023 | March 3, 2023 |
| February 24, 2023 | March 3, 2023 | March 9, 2023 |
| March 3, 2023 | March 10, 2023 | March 15, 2023 |
| March 10, 2023 | March 17, 2023 | March 22, 2023 |
| March 17, 2023 | March 24, 2023 | March 28, 2023 |
| March 24, 2023 | March 31, 2023 | April 4, 2023 |
| March 31, 2023 | April 7, 2023 | April 11, 2023 |
| April 7, 2023 | April 14, 2023 | April 18, 2023 |
| April 14, 2023 | April 21, 2023 | April 25, 2023 |
| April 21, 2023 | April 28, 2023 | May 2, 2023 |
| April 28, 2023 | May 5, 2023 | May 9, 2023 |
| May 5, 2023 | May 12, 2023 | May 16, 2023 |
| May 12, 2023 | May 19, 2023 | May 23, 2023 |
| May 19, 2023 | May 26, 2023 | May 30, 2023 |
| May 26, 2023 | June 2, 2023 | June 6, 2023 |
| June 2, 2023 | June 9, 2023 | June 13, 2023 |
| June 9, 2023 | June 16, 2023 | June 20, 2023 |
| June 16, 2023 | June 23, 2023 | June 27, 2023 |
| June 23, 2023 | June 30, 2023 | July 4, 2023 |
| June 30, 2023 | July 7, 2023 | July 11, 2023 |
| July 7, 2023 | July 14, 2023 | July 18, 2023 |
| July 14, 2023 | July 21, 2023 | July 25, 2023 |
| July 21, 2023 | July 28, 2023 | August 1, 2023 |
| July 28, 2023 | August 4, 2023 | August 8, 2023 |
| August 4, 2023 | August 11, 2023 | August 15, 2023 |
| August 11, 2023 | August 18, 2023 | August 22, 2023 |
| August 18, 2023 | August 25, 2023 | August 29, 2023 |
| August 25, 2023 | September 1, 2023 | September 5, 2023 |
| September 1, 2023 | September 8, 2023 | September 12, 2023 |
| September 8, 2023 | September 15, 2023 | September 19, 2023 |
| September 15, 2023 | September 22, 2023 | September 26, 2023 |
| September 22, 2023 | September 29, 2023 | October 3, 2023 |
| September 29, 2023 | October 6, 2023 | October 10, 2023 |
| October 6, 2023 | October 13, 2023 | October 17, 2023 |
| October 13, 2023 | October 20, 2023 | October 24, 2023 |
| October 20, 2023 | October 27, 2023 | October 31, 2023 |
| October 27, 2023 | November 3, 2023 | November 7, 2023 |
| November 3, 2023 | November 10, 2023 | November 14, 2023 |
| November 10, 2023 | November 17, 2023 | November 21, 2023 |
| November 17, 2023 | November 24, 2023 | November 28, 2023 |
| November 24, 2023 | December 1, 2023 | December 5, 2023 |
| December 1, 2023 | December 8, 2023 | December 12, 2023 |
| December 8, 2023 | December 15, 2023 | December 19, 2023 |
| December 15, 2023 | December 22, 2023 | December 26, 2023 |
| December 22, 2023 | December 29, 2023 | January 2, 2024 |
| December 29, 2023 | January 5, 2024 | January 9, 2024 |
| January 5, 2024 | January 12, 2024 | January 16, 2024 |
| January 12, 2024 | January 19, 2024 | January 23, 2024 |
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I need to update my address because at the time I moved from the address were I got two stimulus checks and my bank account closed because I didn’t have no money in to keep it open
I didn’t get the first 3 stimulus chcks
you can claim them via your tax return. The first 2 via your 2020 return (you can retroactively file returns) and the last in your current 2021 return.
Its been over a month now since they given me this 151 code and no letter whats going on?
My husband did my taxes (like every year) and they were accepted. It said they were going to be deposited on the 4th of April but now it says they are processing … Is there a cause for this? Why would they go from accepted to processing?
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Can someone tell me what the minimum amount of income is to be eligible for the EIC?
See this article – > https://savingtoinvest.com/earned-income-tax-credit-eitc-qualification-and-income-threshold-limits/
$! to get some of the credit, but to get the full credit you need to meet the annually adjusted thresholds as shown in the article.
hi had a question how come i cant see the comments to talk about the refund any more when i tey to get on it brings e to the 2015 taxes comments
for the 2016 refunds
I hear that if you can order a transcript you will get your refund within 72 hours? I was able to order mine over the phone. Is this a good sign?
I ordered my transcript (refund transcript) on Saturday (02/20/16) – two weeks after filing (02/06/16). I had no problem ordering them; however, I didn’t get my tax refund yet. On the 27th it will be 21 days. I helped a friend file his taxes on the same day (02/06/16) and he got his refund last week. I always hate waiting, but it’s not looking like the “72 hour” rule really applies.
Also Waiting, Have you gotten anything yet?
I filled over two weeks ago and I still haven’t seen any change on the Wheres my IRS tax refund. Why is it taking so much longer for my taxes to be processed? I only had 1 income and 1 dependent.
See this article with more information on WMR – https://savingtoinvest.com/wmr-and-irs2go-status-differences-return-received-accepted-or-under-review-and-refund-approved-versus-refund-sent/
I lost my copy, of my taxes so that I can find out if it was mailed out yet or not. But I would need the amount to find it out. Cause I need to pay my rent for this mouth, I hop that you can help me cause I don’t need to be livining in the street. Thank you!
I bought my home in june 2010 I think as a vet its wrong I cant get a first time home owners tax credit served 8 yrs still missed it by 45 days there should be a wavier for people like me