Cryptocurrencies
If You Bought Crypto, Tax Season Could Be Complicated For You
- Average tax refund for 2021 up 9.9% at $3,175, IRS says
- Preparers report clients surprised by new attention to crypto
This article is for subscribers only.
The 2022 tax season, predicted by some to be a perfect storm, is coming to a close with barely a stiff wind.
For the first time in three years, the scheduled deadline -- April 18 -- will be met, as the Internal Revenue Service ended up largely being able to manage processing the millions of individual returns despite continuing complications from the pandemic. Delayed due dates for 2020 and 2021 returns had sown confusion for taxpayers and created a last-minute chaos within the IRS to update systems.