LAST-MINUTE TAX TIPS

摘要

The good news about filing your tax return this year is that it may be a simpler process, according to the Defense Department's tax counsel. For example, since there weren't any economic stimulus checks in 2022, you don't have to worry about tax rules related to that. And service members don't need to concern themselves with tax forms they received from the Defense Finance and Accounting Service related to Social Security withholding. Some benefits, deductions and credits that were available in the past few years because of the pandemic have gone away or reverted back to pre-COVID levels, said Susan Mitchell, DoD tax counsel and executive director of the Armed Forces Tax Council. For example, the child tax credit is lower than it was in 2021, and both the child and dependent care credit and the earned income tax credit revert back to pre-COVID levels.