It's Tax Season
Thursday, February 17, 2022
Tax season is here and it's also the time of year that many households gather all their important financial information. As you prepare to file your taxes, there are a number of important dates and information to keep in mind.
- Nearly 90% of the 1099s from LPL Financial have been delivered. LPL will continue delivering 1099s weekly.
- The 2021 tax year filing deadline is Monday, April 18, 2022. If you must file late, you can get an automatic extension by filing IRS Form 4868. The automatic extended deadline is Oct. 17, 2022. Please note, an extension to file doesn’t grant an extension to pay.
- The IRS began accepting and processing new returns on January 24, 2022. It’s a good idea to get started as soon as possible since the IRS is facing staffing and other pandemic-related challenges that might make the process a bit more frustrating this year. You want to ensure you have all your paperwork organized together during the process and consider filing online.
If you have specific questions related to your own investment strategy or financial planning needs, we welcome you to call us at 302.234.5655 or email us at contactus@covenantwealthstrategies.com to set up time to discuss further.
Disclosure:
The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation.