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Monday, January 23, 2023

The Daily Money: Tax season has officially kicked off

Mondays marks the start of the tax season, when the IRS begins accepting and processing tax returns. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
usatoday.com

The Daily Money
 
Monday, January 23

Happy Monday! It's Amanda PΓ©rez Pintado with your Daily Money headlines. 

The time has come to start gathering your W2s and other financial forms. Tax season has officially begun. 

The Internal Revenue Service will start  processing 2022 tax year returns Monday. If there are no issues with your tax return, you should receive your refund within 21 days if you file electronically and choose to have the money directly deposited in your bank account, the IRS said. 

The filing deadline is April 18 this year because April 15 is a Saturday and the Emancipation Day holiday falls on April 17.

A computer may decide if you're laid off

Layoffs in a recession year could be determined by big data.

Some 98% of human resources leaders say they'll rely at least in part on software programs to decide whom to let go if they have to lay off employees in a 2023 recession, according to a survey by Capterra, a company that helps businesses choose software. 

HR tech companies say software removes human biases from the decision-making process, but critics argue algorithms can make overly simplistic judgements.

 πŸ“° More stories you shouldn't miss πŸ“° 

What are the 2022 US federal tax brackets? Find out which bracket you're in. 

Minimum wage: See which state has the lowest minimum wage.

Mortgage buydowns are on the rise. Thank high interest rates.

πŸ” Today's Menu πŸ”

Comfort food: How to make drool-worthy homemade mac and cheese 

About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.

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