>> TRULY A POWERFUL STORY. >>> MOVING ON TO TAX SEASON NOW, IT OFFICIALLY KICKS OFF TODAY WITH THE IRS EXPECTING 168 MILLION RETURNS TO BE FILED BEFORE THIS YEAR'S DEADLINE ON APRIL 18th. ABC NEWS CHIEF BUSINESS CORRESPONDENT REBECCA JARVIS WITH WHAT WE NEED TO KNOW AS WE GET PREPARED. EVERY YEAR COMES WITH SOMETHING NEW, WHAT DO WE NEED TO KNOW ABOUT 2022? >> THE MOST IMPORTANT THING FOR THIS SEGMENT I'M THE ONLY ME MESSENGER HERE. LOT OF PEOPLE ARE GOING TO SEE SMALLER REFUNDS THIS YEAR THAN THEY DID IN YEARS PAST ESPECIALLY DURING THE PANDEMIC BECAUSE A LOT OF THE CREDITS THAT CAME ALONG AS A RESULT OF THE PANDEMIC ARE NOW ROLLING BACK, SO FOR EXAMPLE, THAT CHILD TAX CREDIT, RETURNING TO ITS 2019 LEVELS, THE EARNED INCOME TAX CREDIT RETURNING TO THE 2019 LEVELS. CHILD INDEPENDENT CARE CREDIT ALSO RETURNING TO 2019, THESE THINGS GOT BEEFED UP, MADE LARGER DURING THE PANDEMIC TO HELP FAMILIES WHO WERE STRUGGLE. ALSO SOMETHING, THOUGH, IF YOU DID PURCHASE AN ELECTRIC VEHICLE IN THE LAST YEAR, THAT'S AN AREA WHERE YOU MIGHT BE ABLE TO TAKE ADVANTAGE OF A CREDIT FOR YOUR PURCHASE. >> OKAY, SOME PEOPLE NEED TO PREPARE TO TAKE A HIT THIS TIME AROUND. HOW HAS THE FILING PROCESS CHANGED THIS TIME. >> ONE OF THE MOST IMPORTANT THINGS TO KEEP IN MIND THAT THE FILING HAS BECOME ELECTRONIC AND YOU DON'T HAVE TO PAY MONEY JUST TO GET THAT TAX FILED. REALLY IMPORTANT FOR PEOPLE TO KNOW. IF YOU'RE ON THE LOWER END OF THE INCOME, THE IRS HAS A LOT OF RESOURCES TO DO THIS. >> SO WHAT'S THE FASTEST WAY YOU CAN GET THAT REFUND? >> AGAIN, ALL ONLINE, WHIT, THIS IS THE MOST IMPORTANT THING GO TO IRS.GOV AND THERE'S AN APP THAT WILL HELP YOU DO IT FOR FREE AND FAST AND MAKE SURE IT'S DIRECT