I've used this outfit for over 8 or 9 years now.
2022 Fed & IN.State forms finished, filed, accepted, received Fed refund already.
Charge was $15.90 and used their premium package.
on-line-taxes

I e-filed ours on Feb 3rd, and our refund was direct deposited on the 7th. I kept checking the "Where's My Refund" tool on the IRS website, and it only said that the 2022 return had been received and was being processed, even two days after the refund was deposited in my account.

After Telling Millions of Taxpayers to Hold Off Filing, IRS Says Go Ahead

A week after telling millions of Americans to hold off filing their tax returns, the Internal Revenue Service provided guidance on the taxability of certain state payments Friday to clear up the confusion.

Most taxpayers who received state refunds and rebates in 2022 related to the pandemic and its consequences won’t owe federal taxes on the money, the IRS said. Tax professionals and elected officials had criticized the IRS for not addressing ambiguity over the payments.

The new guidance means tax season can proceed, and many Americans won’t face surprise taxes on these payments. Flush with money, more than a dozen states issued rebates and refunds in 2022, akin to the federal stimulus payments issued during the Covid pandemic.

The tax relief announced Friday extends to the more than 16 million Middle Class Tax Refund payments of up to $1,050 that California handed out to counter inflation and high gas prices, and the Colorado TABOR payments of up to $1,500 that return excess state revenue to taxpayers, for example.



“The last thing Colorado families need right now is a $400 million tax increase. I’m relieved that the IRS heeded our call and won’t tax Coloradans’ TABOR payments this year,” said Sen. Michael Bennet (D., Colo.), the new chair of the Senate Finance Committee’s Subcommittee on Taxation and IRS Oversight.

The National Taxpayer Advocate, Erin Collins, an IRS watchdog, said in a blog post Thursday that the IRS “missed the boat” by failing to issue timely guidance on the special state refunds and payments. “The impact of the delay in providing timely information and guidance is hard to overstate,” Ms. Collins wrote.

Most payments fall into the category of general welfare and disaster relief payments, the IRS concluded, for purposes of filing 2022 tax returns. People in the following states don’t need to report these state payments on their 2022 tax returns: California, Colorado, Connecticut, Delaware, Florida, Hawaii, Idaho, Illinois, Indiana, Maine, New Jersey, New Mexico, New York, Oregon, Pennsylvania and Rhode Island, the IRS said. Alaska’s Energy Relief Payment falls into this category and won’t be taxable for federal purposes, the IRS said.

There is another category of state payments: refunds of state taxes. Many people in Georgia, Massachusetts, South Carolina and Virginia also won’t include state payments in income for federal tax purposes—if the payment is a refund of state taxes and either the recipient claimed the standard deduction or itemized deductions but didn’t receive a tax benefit, the IRS said. Most taxpayers, about 90%, claim the standard deduction, according to the IRS.

Illinois and New York issued both types of payments, some of which will be taxable.

The guidance notes that the annual payment of Alaska’s Permanent Fund Dividend and any payments from states provided as compensation to workers are counted as income for federal income tax purposes.

In cases where the IRS has determined the payments aren’t taxable but taxpayers have already filed returns that reported the payments as taxable, these taxpayers will likely need to file amended returns to exclude the payments, according to Ms. Collins.

Write to Ashlea Ebeling at ashlea.ebeling@wsj.com


LInk: https://www.wsj.com/articles/a...af?mod=hp_lista_pos2

The IRS like the FBI has become another clown show.

Now I’m hearing the Biden IRS plans to go hard after waitresses tips?

^^^^^^^^^^^^
Always been a clown show. They came into the casinos here and gave the barmaids, waitresses and poker dealers an ultimatum. They could be audited for back taxes or agree to a twenty percent charge on their reported wages. Only a few declined and they were audited and penalized. Oh they got valet too and the washroom attendants as well.

I have a simple return (no itemized deductions, no state income tax), so I used Turbo Tax free. It took <20 minutes. $462 refund to be direct deposited. In the past this has taken ~5-8 working days.

quote:

Originally posted by hrcjon:
I don't get you guys at all. Do you like to loan the gov't money all year? In Jan you figure out the 90% or whatever is your no penalty witholding status and step up to that level of witholding. Then in April you file. Get to keep and use your money as long as possible. In an inflationary situation that's are return way better than even the best safe investments.

All this true, don't get me wrong, but there's a lot to be said for having a comfortable margin so as not to have to pay, too.