Getting ready for tax season: advice from a CPA – DC News Now | Washington, DC

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by: Shennekia Grimshaw
Posted: Jan 20, 2023 / 01:37 PM EST
Up to date: Jan 20, 2023 / 01:37 PM EST
E-filing begins Monday, January twenty third
by: Shennekia Grimshaw
Posted: Jan 20, 2023 / 01:37 PM EST
Up to date: Jan 20, 2023 / 01:37 PM EST
WASHINGTON (DC Information Now) — Yearly, tax season could be a little difficult to navigate, particularly if you happen to are likely to navigate it by yourself. Cory W. Johnson, a licensed public accountant right here within the DMV, supplied some steering as individuals get able to file taxes in 2023.
The worth of hiring a CPA isn’t a lot in the associated fee, however within the peace of thoughts that it’s best to get, understanding you’ve gotten limitless entry to a trusted skilled that can assist you make sound monetary selections.
The primary day you possibly can e-file is Monday, Jan. 23. This yr, Tax Day (in terms of federal earnings tax submitting) is Tuesday, April 18. Keep in mind, that day is the day to file in an effort to keep away from penalties and curiosity. It is also the deadline to request an extension, however it’s a must to file one thing by that date!
So far as among the trickiness in 2023, Johnson mentioned individuals ought to be conscious that COVID-19 tax legal guidelines have been non permanent:
Johnson mentioned these adjustments and others will lead to increased taxes and decrease refunds.
To get your self able to file your tax return, Johnson mentioned to assessment your return for the earlier yr (on this case, the one you filed for 2021). Collect all of your 2022 tax paperwork, then contact a CPA to get your tax return accomplished.
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