Quickly paying out refunds causes concern for the IRS and the U. And rushing this process creates the opportunity for return errors and improper refunds. Specifically, Congress:. Both new rules mean that, for the first time, the IRS will have the information and the time it needs to question more returns before issuing refunds.
In fact, several IRS compliance programs take or hold refunds for millions of taxpayers each year. Here are some of the reasons why your tax refund may be delayed:. When the IRS issues refunds, it mainly takes or reduces offsets refunds when taxpayers have debts to pay.
Here are the two most common situations:. Taxpayers should call TOP at for answers. File an injured spouse claim using Form , Injured Spouse Allocation. The IRS can hold your refund and request more information from you in several situations.
When taxpayers e-file their returns, the e-file process catches many return errors and rejects the returns at the time of filing. If you mail your return instead of e-filing it, the IRS is more likely to identify an error after the fact. If you submitted a tax return by mail, the IRS says it could take six to eight weeks for your tax refund to arrive once it's been processed.
Because of the pandemic, the IRS ran at restricted capacity in , which put a strain on its ability to process tax returns and created a backlog.
The combination of the shutdown, three rounds of stimulus payments, challenges with paper-filed returns and the tasks related to implementing new tax laws and credits created a "perfect storm," according to a National Taxpayer Advocate review of the filing season to Congress. The IRS is open again and currently processing mail, tax returns, payments, refunds and correspondence, but limited resources continue to cause delays.
The IRS said it's also taking more time for tax returns that need review, such as determining recovery rebate credit amounts for the first and second stimulus checks -- or figuring out earned income tax credit and additional child tax credit amounts.
If the delay is due to a necessary tax correction made to a recovery rebate credit, earned income tax or additional child tax credit claimed on your return, the IRS will send you an explanation. If there's a problem that needs to be fixed, the IRS will first try to proceed without contacting you. However, if it needs any more information, it will write you a letter.
To check the status of your income tax refund using the IRS tracker tools , you'll need to give some information: your Social Security number or Individual Taxpayer Identification Number, filing status -- single, married or head of household -- and your refund amount in whole dollars which you can find on your tax return.
Also, make sure it's been at least 24 hours or up to four weeks if you mailed your return before you start tracking your refund. If you entered your information correctly, you'll be taken to a page that shows your refund status. If not, you may be asked to verify your personal tax data and try again. If all the information looks correct, you'll need to enter the date you filed your taxes, along with whether you filed electronically or on paper.
You'll be able to see if your return has been received, approved and sent. In order to log in, you'll need some information -- your Social Security number, filing status and expected refund amount. The IRS updates the data in this tool overnight, so if you don't see a status change after 24 hours or more, check back the following day. Once your return and refund are approved, you'll receive a personalized date by which to expect your money.
Where's My Refund has information on the most recent tax refund that the IRS has on file within the past two years, so if you're looking for return information from previous years you'll need to check your IRS online account for more information.
The IRS also takes longer to process a return and issue a refund if you file a paper return via certified mail. Speaking of paper returns, you will need to file all amended returns X as a paper return. The IRS estimates the processing time for amended returns as somewhere between eight and 12 weeks. Even if you file electronically, you will have to wait longer if you elect to receive your refund as a paper check.
Sending a check through the mail also creates the possibility of the check getting lost or sent to the wrong address. That would delay your refund similarly to the way sending a refund to the wrong bank account would. If you file an incomplete return or if you have any mistakes on your tax return, the IRS will spend longer processing your return. This will slow down any potential refund.
Mistakes could include mathematical errors or incorrect personal information. Using a tax filing service, such as TurboTax , will likely eliminate mathematical errors from your return. The software will do the math for you. The IRS will contact you if there are any issues with your return.
In some cases, the IRS will correct small mathematical errors. That could save you the work of having to file an amended return. Incorrect personal information will also slow down your return.
Most taxpayers now receive refunds via direct deposit into a bank account. No one wants to miss out on a refund because it went to the wrong bank account. If you entered the wrong account information, there are a few things you can do. Call the IRS toll-free at , any weekday between 7 a. In the case that the IRS already sent the payment, you will need to contact the financial institution.
If the institution can get the funds, it will return the refund to the IRS. The IRS will then issue your refund as a paper check. Check here the full list. Home Business. When Do Refunds Get Delayed? Outlook Newsletters Ent. AR Tired of the unceasing, ungainly internet entertainment updates? Tech in style The right tech that defines you. Your aspirations.
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