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Tribune News Service
Tribune News Service
Business
Sarah Foster

Filing your taxes soon? Here’s how COVID-19 relief could affect what you owe

Even in 2022, millions of Americans will feel an impact from the coronavirus pandemic when they file their taxes.

The federal government in 2021 approved stimulus checks, scaled-up unemployment benefits, federal student loan forbearance and advance child tax credit payments to bridge hard-hit Americans through the crisis — and that direct aid has major implications during the 2022 tax season that could ultimately end up impacting the size of your refund.

Meanwhile, Americans who took hardship distributions from their retirement accounts in 2020 are coming up on the deadline for when they need to pay back all of the money without having to pay income taxes on what they withdrew.

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