IRS and State Tax Changes by Tax Year

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Tax Year List

An overview of IRS tax law or tax return changes by tax year and expected implications for taxpayers. This page will be updated as the latest tax changes become available. Find state related tax return information here.

Tax Year Returns for 2022

A list of over 15 free tax year 2022 tax calculators and tools that will provide taxpayers with answers.


2022 Tax Changes

Description
The Child Tax Credit for 2022 is worth up to $2,000 per child. There is an earned income requirement, and it is a limited refundable of $1,500. As a result many taxpayers will face lower refunds for tax year 2022. Estimate, calculate your Child Tax Credit or read this detailed publication on the CTC.
The 2022 maximum Child and Dependent Care Tax Credit is $2,100, down from $8,000 for tax year 2021. This change will reduce tax refunds for 2022. Estimate, calculate your Child and Dependent Care Tax Credit or read this detailed publication on the CDCTC.
For tax year 2022, there are no recovery rebate credits available as compared to tax year 2020 and 2021. Stimulus 1 and 2, or associated recovery credit rebates, can only be claimed by filing a 2021 tax return or amendment. For Stimulus 3 and the recovery credit rebate, a 2021 return or amendment has to be filed. A stimulus 4 payment package has not been issued.
For 2022 the additional or "above-the-line charitable deduction" worth up to $300 for single filers and $600 for married joint filers is no longer available. The itemized deduction for charitable donations remains for 2022.
For 2022, the income reporting requirements for Form 1099-K did not change for 2022 as initally proposed by the IRS. This change would have increased the number of tax forms issued to gig economy and independent contractors drastically.
The IRS has not processed all of the 2020 and 2021 tax returns. This might create AGI verification issues for taxpayers and their 2022 tax returns. The National Taxpayer Advocate issued a warning to lawmakers in their annual report to Congress that the backlog creates “challenges and delays for the 2023 tax filing season for taxpayers.”

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Tax Year Returns for 2023

2023 calendar and tax year related tax return changes, updated.


2023 Tax Changes

Description
Tax Credits you could qualify for on your 2023 tax return due in 2024, if you purchase an electric vehicle (EV) in 2023 or after.

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