http://www.colwellstaxservice.com/

Colwell's Tax Service, 61642 Kingston Ct, South Bend, IN (2026)

11/08/2025

Electronic Payment Options Available to Taxpayers

The IRS phased out paper refund checks this year on Sept. 30, 2025, to move toward the use of electronic payments.

The Taxpayer Advocate's Office recommends that taxpayers should prepare now. Refunds may be deposited into checking, savings or retirement accounts, as well as prepaid card or mobile app accounts, to offer the fastest and safest options. To pay taxes electronically, taxpayers can use Direct Pay from a bank account, a debit/credit card, a digital wallet (note that fees may apply) an online IRS account, the Electronic Federal Tax Payment System (EFTPS) or electronic funds withdrawal when filing.

However, those who are unbanked, live abroad or have religious objections may apply for exceptions. Tax professionals should advise clients to update their banking details, verify routing/account numbers and explore digital payment options now to avoid delays or complications.

09/18/2025

Temporary deduction for seniors

Beginning in tax year 2025, and continuing through 2028, individuals age 65 or older by year-end
may claim a new deduction of $6,000. On a joint return, each spouse may qualify, allowing for up
to $12,000 in total deductions if both meet the age requirement.

The deduction is subject to a 6% phaseout based on a modified adjusted gross income (MAGI)
exceeding $75,000 for single filers and $150,000 for joint filers. For this purpose, MAGI includes
income typically excluded under specific foreign income provisions, such as those in IRC §§911,
931 and 933.

The senior must possess a valid Social Security number (SSN) to claim the deduction. An omission
or invalid SSN is treated as a mathematical or clerical error, authorizing the IRS to adjust the return accordingly. In addition, married individuals must file a joint return to be eligible; married filing separately is not permitted for this deduction.

The new deduction for seniors partly addresses President Trump’s campaign promise to make Social Security benefits received nontaxable. H.R. 1 did not accomplish that.

Takeaways: Senior deduction Temporary $6,000 per person, 2025-2028
Income-tested Phases out starting at $75k/$150k
Joint return required Married couples must file jointly
SSN required Must be included for each senior to qualify

07/29/2025

Increased child tax credit

Families with children will see an increase in the
child tax credit.

What changed?

• Increased credit amount: The child tax credit
(CTC) is increased from $2,000 to $2,200 per
qualifying child, effective for tax year 2025.
• Permanent extensions: The expanded CTC,
which was previously set to expire after 2025,
is now made permanent with no expiration
date specified.
• Social Security number requirement: To
claim the credit, the taxpayer (at least one parent
on a joint return) and each qualifying child must
have a valid SSN, which must be issued to a U.S.
citizen or as specified under the Social Security
Act and obtained before the tax return due date.

07/21/2025

No tax for qualified tips

For millions of Americans working in hospitality
and other service industries, tips are a vital part of
their income. Until now, tips were considered taxable
income for federal tax purposes, and workers had to
report them to the IRS and pay income tax.

What’s changed?

The new law allows up to $25,000 per year in tip
income to be deducted from your taxable income for
tax years 2025 through 2028. The deduction is not an
exclusion from gross income, but a deduction when
you file your tax return. This means you won’t see
any withholding changes to your paycheck.

The deduction is NOT a full exclusion; tips still count
toward Social Security and Medicare taxes. The
deduction only applies to cash or card-based tips that
you receive in qualifying jobs, but not to any service
charges, regular wages or non-cash rewards

07/15/2025

Summer Tax Planning Reminders

A variety of summer activities have the potential to generate taxable income, or to help you qualify for tax benefits. For example, if you engage in part-time, seasonal or gig economy work during the summer, then you may need to adjust your tax withholding or make estimated tax payments to account for the extra income. If your children work during the summer, make sure they are prepared to file a tax return next spring to claim any IRS refunds they have coming.

Self-employed people who travel for business purposes may generally deduct travel expenses to reduce their taxable income. However, if a summer trip involves both business and personal activities, you must take care to only deduct expenditures that serve a clear, legitimate business purpose.

Finally, if you make improvements to your home this summer, then you may qualify for home energy tax credits. A variety of credits exist for projects that improve energy efficiency, or involve generating or using renewable energy like wind or solar power. You must carefully document all eligible expenses in order to claim these credits. Also note that the rules for energy credits may change after this year, so this summer might be the ideal time to complete a project.

07/01/2025

Flexible Spending Arrangement (FSA) vs. Health Savings Accounts (HSA)

When it comes to setting aside pre-tax dollars for medical expenses through a workplace benefits program, it’s important to know whether you’re enrolled in a Flexible Spending Arrangement (FSA) or a Health Savings Account (HSA). Both accounts offer tax advantages for covering out-of-pocket medical costs, but the rules for using the money are very different and confusing the two could cost you.

The most important distinction is how long you have to use the funds. With an FSA, the general rule is “use it or lose it.” Money you set aside for the year usually must be spent by the plan’s deadline, or you risk forfeiting the balance. Some employers offer a short grace period (up to two and a half months after year-end) or allow a small amount to roll over, but these exceptions aren’t guaranteed, check your plan’s details carefully. In contrast, HSAs do not have any “use it or lose it” restriction. The money you contribute to an HSA remains yours year after year, rolling over indefinitely, and you keep the account even if you change jobs or retire.

It’s easy to underestimate the impact of these differences. Failing to spend down your FSA can mean leaving your own hard-earned, tax-advantaged dollars on the table, while an HSA can serve as a powerful tool for both current and future healthcare expenses.

05/22/2025

The triple tax advantage of HSAs

1. Tax-deductible contributions

The money you contribute to your HSA is generally tax-deductible, even if you don’t itemize any deductions on Schedule A, Itemized Deductions. Contributions to the account are made pre-tax through your employer but can be made by the account owner, your employer or anyone else on their behalf. For 2025, the contribution limits are:

$4,350 for self-only coverage
$8,750 for family coverage
An additional $1,000 catch-up contribution if you’re age 55 or older

HSA contributions reduce your taxable income, potentially lowering their overall tax bill.

2. Tax-free growth

HSA funds can be invested, and any interest or earnings on those investments grow tax-free. This feature makes HSAs a powerful tool for short-term medical expenses and long-term savings that can be used in retirement. Most HSA accounts require a minimum balance before investing the remaining funds. If you can pay for your current medical expenses with other funds, your HSA contributions will grow tax-free yearly.

3. Tax-free withdrawals for qualified medical expenses

HSA funds can pay for qualified medical expenses, like copayments, dental care, vision needs and prescriptions. Qualified withdrawals are completely tax-free. This applies to expenses for the account owner, spouse and eligible dependents.

After age 65, clients can withdraw HSA funds for non-medical expenses without penalty, and only pay regular income tax, much like a traditional IRA.

05/03/2025

Filing Extensions and Minimizing Penalties

Taxpayers who requested an automatic extension to file their 2024 federal income tax returns may file anytime up until October 15, 2025. Remember, however, that an automatic IRS extension is only an extension to file tax returns, NOT an extension to pay any tax owed. Taxes not paid by the April 15, 2025 payment deadline may be subject to late penalties and interest charges.

Therefore, taxpayers who have not yet sent an IRS payment that was due on April 15, should submit a payment to the IRS as soon as possible to minimize penalties. Electronic payments may be made using the IRS online payment portal (link below). The IRS urges those who cannot pay what they owe at this time to pay whatever amount they can, and then apply for an installment plan to pay off the remaining balance.

IRS Online Payment Portal: https://www.irs.gov/payments

03/03/2025

Important Changes to Deductions, Credits and Limits That May Affect Your 2024 Return

Several IRS rule changes for tax year 2024 will affect millions of people filing their returns this spring. These changes may create new opportunities to lower your tax bill or increase your refund.

First, standard deductions rose in 2024 to $14,600 for single filers and married people filing separate returns, $21,900 for head of household filers, and $29,200 for joint filers. All of these figures represent increases of at least $750 over 2023 levels. In addition, the annual contribution limit for IRAs increased by $500 in 2024, up to $7,000 for people under 50 years old, and $8,000 for those of age 50 or older. If you have not yet reached the limit, then you may still make 2024 contributions to your traditional or Roth IRAs up until April 15, 2025.

Congress also enacted several rule changes for the Additional Child Tax Credit (ACTC), a companion credit to the standard Child Tax Credit (CTC). The maximum CTC amount for 2024 is $2,000 per qualifying child. The credit is nonrefundable, which means that if your CTC amount exceeds the tax you owe, you cannot receive the excess credit as a refund. However, many people who qualify for the CTC are also eligible for the ACTC, which makes the CTC at least partially refundable. For 2024, the maximum ACTC amount is $1,700, a $100 increase from 2023.

01/11/2025

Quarterly Estimated Tax Payments Due Jan. 15

Estimated tax payments for the fourth quarter of 2024 are due by Jan. 15. Missing a quarterly payment can result in a taxpayer facing unexpected penalties and fees when they file their 2025 returns.

12/12/2024

Retirees Reminded of Year-End RMD Deadline

Taxpayers age 73 or older with individual retirement arrangements (IRAs) and other retirement plans are reminded to take required minimum distributions (RMDs) by the end of the year. Those who miss the deadline for RMD distributions are subject to a 25% excise tax on amounts not withdrawn. Some beneficiaries of inherited IRAs, retirement plan accounts and Roth IRAs may also be required to take RMDs.

The IRS also reminded taxpayers of the changes to the RMD rules that were implemented through the SECURE 2.0 Act, which raised the age at which account holders are required to begin taking RMDs. SECURE 2.0 also eliminated RMDs for designated Roth accounts in 401(k) and 403(b) plans.

11/04/2024

State Filing Extension Due Date Nov. 15

Indiana's individual income taxes' due date for the extension of time to file is coming up on Nov. 15. If a taxpayer was granted a federal extension of time to file, they were also granted an extension to file with Indiana. It is important to file by the due date to avoid late filing penalties.

05/08/2023

$1.5 Billion in 2019 Refunds Unclaimed

The IRS is reminding the nearly 1.5 million taxpayers who have unclaimed refunds for the 2019 tax year to file their returns for that year by July 17. The IRS estimates it is holding almost $1.5 billion in unclaimed refunds as a result of taxpayers not having filed their 2019 returns. The median refund amount for those unfiled returns is approximately $893 per taxpayer.

Taxpayers have three years from the date a return was initially due to file one claiming a tax refund. The date for filing 2019 returns was postponed until July 15, 2020, due to COVID-19. Because July 15, 2023, falls on a Saturday, the date for filing 2019 returns in time for a refund is extended to the following Monday, July 17.

05/03/2023

Tax Refund Myths and Realities

Taxpayers who are owed a 2022 tax refund naturally want to know how quickly that refund will come. Unfortunately, a lot of myths and half-truths about IRS refunds circulate online, giving people false expectations or leading them to waste time on unnecessary steps. Here are four facts you need to know to avoid falling for the rumors.

Calling the IRS or your tax professional will not yield more information about your refund. You can get the most up-to-date information about your refund status nearly around the clock by using the online Where’s My Refund tool or calling the automated hotline at 800-829-1954.

The Where’s My Refund Tool cannot always give a refund date. Many taxpayers believe something is wrong if this tool does not display a mailing or deposit date for their refunds. Although the IRS issues many refunds within 21 days, some returns take longer to process. You will get a refund date once the IRS finishes reviewing your return.

The refund amount displayed by the Where’s My Refund tool could differ from the amount you were expecting. The IRS may need to adjust a taxpayer’s refund amount for a variety of reasons, ranging from math errors on their returns to outstanding financial obligations. When such an adjustment is necessary, the IRS always sends a letter explaining the change.

Getting a 2022 tax refund does not necessarily mean that your 2023 withholding is on track. Regardless of how your 2022 taxes came out, you should check your withholding at least once every year. Tax law changes, along with changes in your marital status, family size or many other factors can affect your withholding. You can use the IRS Withholding Estimator tool to find out if you need to make any adjustments.

IRS Where’s My Refund tool: https://www.irs.gov/refunds

IRS Withholding Estimator: https://www.irs.gov/individuals/tax-withholding-estimator

02/11/2023

IRS Issues Important News Regarding State Tax Payments

The Internal Revenue Service has issued guidance clarifying the federal tax status involving special payments made by 21 states in 2022. The IRS has determined that taxpayers in Indiana will not need to report these payments on their 2022 tax returns.

02/03/2023

Unemployment Compensation in 2020

The Internal Revenue Service recently completed the final corrections of tax year 2020 accounts for taxpayers who overpaid their taxes on unemployment compensation they received in 2020.

The American Rescue Plan Act of 2021, which became law in March 2021, excluded up to$10,200 in 2020 unemployment compensation from taxable income calculations (up to $10,200 for each spouse if married filing joint). The exclusion applied to individuals and married couples whose modified adjusted gross income was less than $150,000.

To ease the burden on taxpayers, the IRS took steps to review the Forms 1040 and 1040-SR that were filed prior to the law’s enactment to identify taxpayers who had already report-ed unemployment compensation as income and were eligible for the correction. The IRS determined the correct taxable amount of unemployment compensation and tax.Some taxpayers received refunds, while others had the overpayment applied to taxes due or other debts. In some cases, the exclusion only resulted in a reduction in their adjusted gross income. The IRS mailed a letter to these taxpayers to inform them of the corrections. Taxpayers should keep that letter with their tax records.

The IRS corrected approximately 14 million returns. This resulted in nearly 12 million refunds totaling $14.8 billion, with an average refund of $1,232.

01/20/2023

Do Not Ignore forms 1099-K that you may receive

The IRS has announced that it won’t require third-party settlement organizations (TPSOs) like PayPal, eBay, Etsy and Venmo to issue Forms 1099-K, Payment Card and Third-Party Network Transactions, for 2022 based on the $600 reporting threshold.

While the IRS dropped the requirement that TPSOs issue Forms 1099-K based on the $600 threshold, the announcement came just a few weeks before the forms were scheduled to go out, and it’s likely that some organizations will simply go ahead and issue the form to taxpayers and the IRS.

If you do receive form 1099-K, be sure to include it with your other tax documents when preparing your 2022 income tax returns.

01/12/2023

IRS Announces Tax Season Dates

The nation’s tax-filing season begins on Monday, Jan. 23.

That’s the first day the Internal Revenue Service will accept and process federal returns for the 2022 tax year, the agency announced on Thursday. Taxpayers have until April 18 this year to file their return without requesting an extension.

Victims of California's severe winter storms have until May 15, 2023.

01/07/2023

Taxpayers May Qualify for More Than One Filing Status

Your tax filing status may affect your tax rate, standard deduction amount, eligibility for tax credits and other factors influencing the amount of tax you owe. If you qualify for more than one filing status, it is important to review your options to make sure you do not overpay in tax.

For example, single taxpayers with at least one dependent child may qualify to file under Head of Household (HoH) status. Taxpayers whose spouses passed away in 2020 or 2021 may be eligible for Qualifying Widow(er) (QW) status if they maintain a household with a dependent child. Either HoH or QW status may result in significantly lower tax than Single filer status.

While most married couples benefit from filing jointly, Married Filing Separately (MFS) status may result in lower tax in some circumstances. And as a reminder, if you got married in 2022 or finalized a divorce or legal separation, you will generally need to use a different filing status than you used for 2021.

A tax professional can help you determine which status options you qualify for, and which of those will yield the lowest tax bill.

01/06/2023

Final Estimated Taxes for 2022 are due soon.

The fourth quarter estimated tax payment for calendar year 2022 is due January 17, 2023. You have two extra days since the 15th falls on Sunday, and Monday the 16th is Martin Luther King Day.

If you are mailing your payment, be sure that your envelope is postmarked no later than January 17, 2023. You can also go to the website IRS.GOV and make an online payment.

12/30/2022

IRS Mileage Rates for 2023

Business miles 65.5 cents

Medical miles 22.0 cents

Charitable miles 14.0 cents

12/28/2022

IRS Delays Implementation of $600 reporting threshold for Forms 1099-K

On December 23, 2022, the IRS announced a delay in applying the lowered reporting thresholds for third-party settlement organizations (TPSOs) set to take effect for the upcoming tax filing season.

As a result of this delay, third-party settlement organizations will not be required to report tax year 2022 transactions on a Form 1099-K to the IRS or the payee for the lower $600 threshold amount enacted as part of the American Rescue Plan of 2021.

While the existing Form 1099-K reporting threshold of $20,000 in payments from over 200 transactions will remain in effect, the IRS also released guidance outlining how transitions to the lower reporting thresholds will be made during the 2022 calendar year. Some lower threshold 1099-Ks may still be issued due to TPSOs working to change their systems, however; reporting thresholds do not affect the taxability of income.

12/15/2022

Potentially Taxable Events – Did You Know?

In addition to traditional income sources like employee wages and business profits, there are a number of other activities and transactions that the IRS classifies as potentially taxable. It is important to consider all of these “taxable events” for your tax return.

The most commonly overlooked taxable events include:

Investment income, including receiving stock dividends or cashing in bonds. Converting a traditional IRA to a Roth IRA. Forgiveness (discharge) of a loan or other debt, including student loans. Sale of assets such as vehicles, musical instruments, or a home at a gain (that is, for more than you paid to purchase the assets). Sale or exchange of cryptocurrency (like Bitcoin) or making purchases with cryptocurrency. Withdrawing funds from a retirement plan (or from the cash value of a life insurance policy if you withdraw more than you have paid in premiums). Gifts and inheritances

A tax professional can advise you about which events in your life may have tax implications, and how to properly report those events. For example, in some cases, you may only need to declare the event to the IRS if the amount of money involved exceeds a minimum threshold, known as an “exclusion.”

11/01/2022

IRS Announces Tax Inflation Adjustments for 2023

The IRS recently published the inflation adjustments for many tax-related figures for tax year 2023. These changes include:

Standard Deduction: The 2023 standard deduction for married taxpayers filing jointly will be $27,700, an increase of $1,800 over 2022. Single filers and married people filing separately will get a standard deduction of $13,850 (a $900 increase), while the standard deduction for head-of-household filers will be $20,800 (a $1,400 increase).

Earned Income Tax Credit (EITC): The maximum EITC for eligible taxpayers with three or more qualifying children will be $7,430 in 2023, up from $6,935 in 2022. The maximum credit amount will increase for other eligible taxpayers as well.

Annual Gift Exclusion: The annual gift exclusion amount will increase to $17,000 per recipient, up from $16,000 in 2022.

Foreign Earned Income Exclusion: The maximum amount of foreign earned income that eligible taxpayers may exclude from their gross income will be $120,000, up from $112,000 in 2022.

The income range for each tax bracket will rise in 2023 as well. A tax professional can help you determine how these changes may affect your tax situation.

09/16/2022

Educators Expense Deduction

With students returning to the classroom for the beginning of a new school year, educators need to track out-of-pocket expenses to take advantage of the increased deduction for qualified education expenses.

Earlier this year the IRS announced that it would allow educators to deduct up to $300 of their out-of-pocket classroom expenses for 2022, up from $250 for 2021.

The $50 increase in the allowed deduction marks the first time the amount has been increased since the educator expense deduction was enacted in 2002.

Educators are eligible to claim the deduction for unreimbursed expenses, even if they are claiming the standard deduction. Additionally, married educators filing a joint return with another qualified educator can deduct up to $600 for 2022.

Educators who qualify for the credit include anyone who is a teacher, instructor, counselor, principal or aid for classes from kindergarten through 12th grade. Both public and private educators qualify so long as they work at least 900 hours during the school year.

09/02/2022

Educator Expense Deduction Increase

Since 2002, education professionals have been able to claim a deduction of up to $250 per year for qualified classroom expenses. For tax year 2022, the maximum deduction amount has increased for the first time, to $300. Joint return filers who are both educators may deduct up to $300 per spouse.

You may qualify for this deduction if you work as a teacher, counselor, principal or aide for grades K-12 in a public or private school. You generally must work at the school for at least 900 hours during the school year.

07/01/2022

Reasons Why You May Want to Adjust Your 2022 Tax Withholding

Even if you received a 2021 IRS refund, you may have to adjust your withholding this year to avoid owing tax next spring. Taxpayers who do not pay enough tax throughout the year may also be charged IRS penalties and interest fees. Checking your withholding is especially important this year due to several federal tax law changes, including:

DECREASED CHILD TAX CREDIT (CTC):

With the expiration of the American Rescue Plan Act, CTC amounts will be lower in 2022 than they were in 2021.

DECREASED EARNED INCOME CREDIT WITH HIGHER INCOME LIMITS:

The 2022 income limits for the Earned Income Tax Credit (EITC) are significantly lower than the 2021 limits.

PREMIUM TAX CREDIT (PTC) RULE CHANGES:

To qualify for the PTC, you must purchase a qualifying health insurance plan through the insurance marketplace.

The IRS Withholding Estimator (link below) can help you determine whether your withholding is on track for 2022. If not, you can submit an updated Form W-4 to your employer to request an adjustment.

06/14/2022

Child Tax Credit - Did you know?

The Child Tax Credit for 2022 reverts back to pre-2021 rules. That means that the eligible child amount is $2,000 (not $3,000 or $3,600) if the child is under 17 years of age. The credit is no longer fully refundable either, maximum refundable portion is $1,500.

Keep in mind that there will be no monthly payments in 2022. If eligible, you will receive the credit when you file your 2022 income tax return in 2023.

06/10/2022

IRS Adjusts Standard Mileage Rate

In a rare move the IRS will adjust the deduction for mileage from the current 58.5 cents per mile, to 62.5 cents per mile. This means that taxpayers will need to be careful in tracking their mileage and applying the correct deduction amounts.

Normally the IRS adjust the mileage deduction once per year. This is the first time since 2011 that the IRS has made a mid-year adjustment. The change reflects the IRS's acknowledgement of the increased gasoline costs.

05/23/2022

I hung up on him! I didn't wanna hear it! 🤣😂

Big Perm U93

04/12/2022

$1.5 Billion in Tax Refunds About to Expire

Cross References• IR-2022-66

Unclaimed income tax refunds totaling almost $1.5 billion may be waiting for an estimated 1.5 million taxpayers who did not file a 2018 Form 1040 federal income tax return, but people must act before the April tax deadline, according to the Internal Revenue Service. “The IRS wants to help people who are due refunds but haven’t filed their 2018 tax re-turns yet,” said IRS Commissioner Chuck Rettig. “But people need to act quickly. By law, there’s only a three-year window to claim these refunds, which closes with this year’s April tax deadline. We want to help people get these refunds, but they need to file a 2018 tax return before this critical deadline.”

The IRS estimates the midpoint for the potential refunds for 2018 to be $813—that is, half of the refunds are more than $813 and half are less. In cases where a federal income tax return was not filed, the law provides most taxpayers with a three-year window of opportunity to claim a tax refund. If they do not file a tax re-turn within three years, the money becomes the property of the U.S. Treasury. For 2018 tax returns, the window closes April 18, 2022, for most taxpayers. Taxpayers living in Maine and Massachusetts have until April 19, 2022. The law requires taxpayers to properly ad-dress, mail and ensure the tax return is postmarked by that date.

The IRS reminds taxpayers seeking a 2018 tax refund that their checks may be held if they have not filed tax returns for 2019 and 2020. In addition, the refund will be applied to any amounts still owed to the IRS or a state tax agency and may be used to offset unpaid child support or past due federal debts, such as student loans. By failing to file a tax return, people stand to lose more than just their refund of taxes withheld or paid during 2018. Many low and moderate income workers may be eligible for the Earned Income Tax Credit (EITC). For 2018, the credit was worth as much as $6,431.News

02/08/2022

Avoid Tax Season Phishing Scams

Filing season has just begun, and scammers are already trying to make life miserable for everyone else. While this isn’t a shocking turn for anyone who has been paying attention to the evolution of identity theft tax refund fraud, it’s a problem that everyone needs to be aware of nonetheless.

This week, the Internal Revenue Service is warning that identity thieves are posing as IRS agents in a wide range of scam phone calls. According to the agency, criminals are “posing as IRS agents in hopes of stealing taxpayer money or personal information.”

Identity thieves generally try to create a sense of urgency when they contact you. Their strategy is to put you in a state of fear or anxiety through threats or by offering deals that sound too good to be true. If these criminals set the hook, you might not realize it’s a scam until it’s too late.

Don't get caught in these scams.

02/01/2022

Unemployment is taxable..

If you are one of the many Taxpayers who received unemployment compensation in 2021, you will need to declare it as income on both your federal and state tax returns.

Individual filers who received unemployment compensation will need a Form 1099-G from the state issuing the payment to file their federal and state tax returns. The form will show the amount of unemployment compensation paid over the year.

01/13/2022

Advanced Child Tax Credit Has Ended

If you have been receiving the Advanced Child Tax Credits deposited to your bank account for the past six months, don't expect a deposit in January. The Advanced Child Tax Credit was for six months only, July through December 2021.

Do expect to receive IRS Letter 6419 in your mail during January 2022. Keep this letter as you will need the information included in this letter when you file your 2021 Federal Income Tax return.

For additional helpful tax information visit: www.colwellstaxservice.com

01/10/2022

IRS Filing Season Begins

This year's tax-filing season officially begins on Monday, Jan. 24, the Internal Revenue Service announced Monday. That's the first day the agency will start accepting and processing 2021 federal tax returns.