Tax Day is only five days away! If you already filed your return, keep reading to discover the two things you should do next.
Check the Status of Your Refund
If you are expecting a refund, use the online tool Where’s My Refund to track the status of your refund after filing your return.
You can use the tool 24 hours after filing electronically or four weeks after mailing your return.
Keep in mind that the system is updated once a day, usually overnight. Avoid checking the status several times a day; this way you will limit the burden on the system, allowing other users to check the status of their refunds as well.
Make Sure Your Withholding for 2022 Is Correct
All workers, self–employed individuals, and retirees who have wage income should check their tax withholding.
This is even more important if your tax refund was too big, too small, or if you received a surprise tax bill. All these situations mean that you need to adjust your withholding.
The IRS also recommends taxpayers to check their withholding after an important life event such as marriage, divorce, the purchase of a house or the birth or adoption of a child.
To check if the amount of tax withheld from your wages is correct, use the online tool Tax Withholding Estimator.
Here’s the information you need to use the Estimator:
- Their most recent pay statements and if married, for their spouse,
- Information for other sources of income and
- Their most recent income tax return, 2021, if possible
Of course, every taxpayer is different If your tax situation is particularly complex, or if you have specific questions, feel free to contact our experts at Delgado’s Insurance.
We’ll be happy to offer assistance and help you find the best ways to maximize your refund while adhering to all applicable laws and regulations.
JT Tax Services: Taxes Made Easy
At JT Taxes, we have made it our mission to take the stress of tax filing off your hands so you can focus on what matters most to you.
Contact us today by email (firstname.lastname@example.org), telephone (805-984-8890), or through our social media accounts on Facebook, Twitter, and LinkedIn to schedule a consultation or to learn more about our wide array of tax services.