Tax Tools – POS Taxes

Tax Filing Deadline

April 18, 2022

Tax Law Changes for 2022

There are changes coming in the year 2022 for some tax provisions that are affected by inflation adjustments, including Health Savings Accounts, retirement contribution limits, and the foreign earned income exclusion. Also for 2022 the tax-bracket thresholds increase for each filing status. Standard deductions also rise, while personal exemptions have been eliminated through tax year 2025.

While this list outlines important tax changes for 2022, additional changes in tax law are likely to arise during the year ahead. Don’t hesitate to call us at POS Taxes if you have any questions, our friendly team is standing by to help you.

Child Tax Credit
Child and Dependent Care Credit
Premium Tax Credit
Earned Income Credit
New Standard Deduction Amounts
$300 Charitable Contribution
Alternative Minimum Tax (AMT)
“Kiddie Tax”
Health Savings Accounts (HSAs)
Medical Savings Accounts (MSAs)
AGI Limit for Deductible Medical Expenses
Eligible Long-Term Care Premiums

Medicare Taxes
Foreign Earned Income Exclusion
Long-Term Capital Gains and Dividends
Estate and Gift Taxes
Adoption Credit
Earned Income Tax Credit
American Opportunity Tax Credit and Lifetime Learning Credit
Interest on Educational Loans
Retirement Contribution Limits
Retirement Income Phase-out Ranges

Retirement Saver’s Credit
Standard Mileage Rates
Section 179 Expensing
Bonus Depreciation
Qualified Business Income Deduction
Research & Development Tax Credit
Work Opportunity Tax Credit (WOTC)
Employee Health Insurance Expenses
Business Meals and Entertainment Expenses
Employer-provided Transportation Fringe Benefits

Important Tax Dates 2022

2022 Filing Dates

Jan. 10, 2022: Deadline for employees who earned more than $20 in tip income in December to report this income to their employers on Form 4070.
Jan. 15, 2022: Deadline to pay the fourth-quarter estimated tax payment for tax year 2021.
Jan. 31, 2022: Your employer has until Jan. 31 to send you your W-2 form reporting your 2021 earnings. Most 1099 forms must be sent to independent contractors by this date as well.
Feb. 10, 2022: Deadline for employees who earned more than $20 in tip income in January to report this income to their employers. You can use Form 1070 to do so.2
Feb. 15, 2022: Deadline for financial institutions to mail out Form 1099-B relating to sales of stock, bonds, or mutual funds through a brokerage account, Form 1099-S relating to real estate transactions; and Form 1099-MISC, unless the sender is reporting payments in boxes 8 or 10.3
Feb. 28, 2022: Deadline for businesses to mail Forms 1099 and 1096 to the IRS.
March 1, 2022: Deadline for farmers and fishermen to file individual income tax returns unless they paid 2021 estimated tax by Jan. 18, 2022.
March 10, 2022: Deadline for employees who earned more than $20 in tip income in February to report this income to their employers.
March 15, 2022: Deadline for corporate tax returns (Forms 1120, 1120-A, and 1120-S) for tax year 2021, or to request an automatic six-month extension of time to file (Form 7004) for corporations that use the calendar year as their tax year, and for filing partnership tax returns (Form 1065) or to request an automatic six-month extension of time to file (Form 7004).
March 31, 2022: Deadline for businesses to e-file Forms 1099 and 1098 to the IRS, except Form 1099-NEC.
April 11, 2022: Deadline for employees who earned more than $20 in tip income in March to report this income to their employers.1
April 18, 2022: Deadline for household employers who paid $2,300 or more in wages in 2021 to file Schedule H for Form 1040.4
April 18, 2022: All individuals must file their 2021 personal tax returns, or Form 1040 or Form 1040-SE by his date. This is also the deadline to request an automatic extension (Form 4868) for an extra six months to file your return, and for payment of any tax due.
May 10, 2022: Deadline for employees who earned more than $20 in tip income in April to report this income to their employers.
June 10, 2022: Deadline for employees who earned more than $20 in tip income in May to report this income to their employers.
June 15, 2022: Deadline for second-quarter estimated tax payments for the 2021 tax year.
June 15, 2022: Deadline for U.S. citizens living abroad to file individual tax returns or file Form 4868 for an automatic four-month extension.
July 11, 2022: Deadline for employees who earned more than $20 in tip income in June to report this income to their employers.
August 10, 2022: Deadline for employees who earned more than $20 in tip income in July to report this income to their employers.
Sept. 12, 2022: Deadline for employees who earned more than $20 in tip income in August to report this income to their employers.
Sept. 15, 2022: Deadline for third-quarter estimated tax payments for the 2021 tax year.
Sept. 15, 2022: Final deadline to file partnership and S-corporation tax returns for tax year 2021, if an extension was requested (Forms 1065 and 1120-S).
Oct. 11, 2022: Deadline for employees who earned more than $20 in tip income in September to report this income to their employers.
Oct. 17, 2022: Final extended deadline (if previously requested) to file individual and corporate tax returns for the year 2021 using Form 1040 and Form 1120.5
Oct. 17, 2022: Deadline for eligible taxpayers who earned $72,000 or less in adjusted gross income (AGI) for tax year 2021 to use Free File to prepare and file their returns.6
Nov. 10, 2022: Deadline for employees who earned more than $20 in tip income in October to report this income to their employers.
Dec. 10, 2022: Deadline for employees who earned more than $20 in tip income in November to report this income to their employers

2022 Federal Legal Holidays

Saturday, January 1 – New Year’s Day
Monday, January 17 – MLK Jr.’s Birthday
Monday, February 14 – President’s Day
Monday, May 30 – Memorial Day
Monday, July 4 – Independence Day
Monday, September 5 – Labor Day
Monday, October 10 – Columbus Day
Thursday, November 10 – Veterans’ Day
Thursday, November 24 – Thanksgiving Day
Saturday, December 24 – Christmas Eve
Sunday, December 25 – Christmas Day
Sunday, January 1 – New Year’s Day

2022 Tax Refund Calendar

Now, when to expect my tax refund!

Date Accepted	Direct Deposit Sent	Paper Check Mailed
Feb 12 – Feb 13, 2022	Feb 26, 2022	Mar 5, 2022
Feb 14 – Feb 20, 2022	Mar 5, 2022	Mar 12, 2022
Feb 21 – Feb 27, 2022	Mar 12, 2022	Mar 19, 2022
Feb 28 – Mar 6, 2022	Mar 19, 2022	Mar 26, 2022
Mar 7 – Mar 13, 2022	Mar 26, 2022	Apr 2, 2022
Mar 14 – Mar 20, 2022	Apr 2, 2022	Apr 9, 2022
Mar 21 – Mar 27, 2022	Apr 9, 2022	Apr 16, 2022
Mar 28 – Apr 3, 2022	Apr 16, 2022	April 23, 2022
Apr 4 – Apr 10, 2022	Apr 23, 2022	Apr 30, 2022
Apr 11 – Apr 17, 2022	Apr 30, 2022	May 7, 2022
Apr 18 – Apr 24, 2022	May 7, 2022	May 14, 2022
Apr 25 – May 1, 2022	May 14, 2022	May 21, 2022
May 2 – May 8, 2022	May 21, 2022	May 28, 2022
May 9 – May 15, 2022	May 28, 2022	Jun 4, 2022
May 16 – May 22, 2022	Jun 4, 2022	Jun 11, 2022
May 23 – May 29, 2022	Jun 11, 2022	Jun 18, 2022
May 30 – Jun 5, 2022	Jun 18, 2022	Jun 25, 2022
Jun 6 – Jun 12, 2022	Jun 25, 2022	Jul 2, 2022
Jun 13 – Jun 19, 2022	Jul 2, 2022	Jul 9, 2022
Jun 20 – Jun 26, 2022	Jul 9, 2022	Jul 16, 2022
Jun 27 – Jul 3, 2022	Jul 16, 2022	Jul 23, 2022
Jul 4 – Jul 10, 2022	Jul 23, 2022	Jul 30, 2022
Jul 11 – Jul 17, 2022	Jul 30, 2022	Aug 6, 2022
Jul 18 – Jul 24, 2022	Aug 6, 2022	Aug 13, 2022
Jul 25 – Jul 31, 2022	Aug 13, 2022	Aug 20, 2022

Important Links

Tax Law Changes for 2022

Important Tax Dates 2022

2022 Filing Dates

2022 Federal Legal Holidays

2022 Tax Refund Calendar