Tips for the 2022 tax season

RAPID CITY, S.D. – With a new year on the way, a new tax season is also on the horizon.

For 2022, the IRS is reminding taxpayers that the season will look different than others. Aside from returning to the April 15 deadline, additions like the Advanced Child Tax Credit and the stimulus earlier this year will change how many people file.

Officials recommend having the documents received on-hand to affirm all funding received and make for a more accurate tax refund.

“It’s going to be important that we reconcile that correctly with the correct amounts that you received,” Tax Consultant for A2Z Business and Tax Services Zachary Hockert explained. “But also, if you were not entitled to some of that money, and you received it anyway, there could be some possible instances where people need to pay some of that back.”

Taxpayers can also claim deductions this year on non-itemized charitable donations made to qualifying organizations. Anywhere from $300 to $600 can be deducted depending on qualification and filing status of the donor.

Proof of donation in a letter or documented form is also needed for filing purposes.

“You want to make sure that, one, it’s going to be a cash contribution, cash or check,” Hockert said. “And then you want to make sure that the organization that you’re contributing to is on the 501(c)(3) list that the IRS has, because you want to make sure that’s going to be eligible for the deduction.”

Donations made online with credit or debit card payments also fall into the cash contribution category.

To see if the organizations you donated to are confirmed under section 501(c)(3), click here.

Categories: Local News, National News, South Dakota News