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Tax and financial planning news from around the web: January 16 – 20, 2023

Written on Jan 20, 2023

IRS sets Jan. 23 as official start to 2023 tax filing season 
The IRS says it will begin accepting and processing 2022 tax year returns on Jan. 23, 2023. More than 168 million individual tax returns are expected to be filed. The deadline to file is April 18. There are three extra days to file this year. 

Unemployment compensation exclusion corrections led to 12 million refunds 
Nearly 12 million taxpayers received refunds for 2020 through automatic corrections the IRS made because the American Rescue Plan Act added an exclusion for unemployment compensation after some taxpayers had already filed their returns.