IRS asks Americans not to file tax returns yet: what is the reason - ForumDaily
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IRS asks Americans not to file tax returns yet: what is the reason

The Internal Revenue Service (IRS) is asking millions of taxpayers in California, Colorado and other states that granted tax credits last year to delay filing tax returns, reports CBS.

Photo: IStock

The service said it is trying to figure out whether these tax credits and special refunds count as taxable income. “We look forward to bringing further clarity to as many states and taxpayers as possible next week,” the IRS said Feb. 3.

Last year, about 16 million Californians received $350 "middle class tax refund" checks for each eligible taxpayer. This is part of an aid package designed by the state to help residents cope with rising inflation at a time when the state was running a budget surplus.

Many other states, including Colorado, Illinois and South Carolina, allowed tax credits last year as their coffers were supported by strong economic growth and federal pandemic aid.

On the subject: Four Tax Return Mistakes That Can Lead the IRS to Audit

But these one-time payments are now disrupting the normal tax season process for millions of Americans, many of whom rely on timely tax refunds to pay off debt, make a purchase or pay bills. Last year, the average tax refund (for the 2021 tax year) was nearly $3200, up 14% from the previous year, according to the IRS, more than the average worker's salary.

Some taxpayers have taken to social media to express their dissatisfaction with the IRS' instructions that they should delay filing their tax returns. The agency began accepting returns for this year's tax season on January 23rd.

"So this morning I tried to play the fun game 'Know Your Taxes' but it turns out the IRS hasn't decided yet whether California tax credits count as taxable income," one taxpayer tweeted.

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The IRS issued the guidance after Rep. Kevin Keely, a California Republican, wrote to the IRS that "numerous" voters had approached its office asking for help on the matter.

“Many of the 16 million California residents who received a refund are unable to file a 2022 tax return because they do not have clear guidance on whether to include this payment in taxable income,” he wrote in a February 2 letter.

On Feb. 3, the IRS said the best course of action is to wait for more clarification on government payments rather than calling the IRS.

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“We also do not recommend making changes to a previously filed 2022 return,” the service said. Amended returns ended up in the IRS queue, causing processing delays.

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