Why are tax refunds coming late?
Why are tax refunds coming late?
The delays are a result of a law that deters fraud linked to the two tax credits, like someone trying to claim another’s refund as their own. The IRS says that people who filed early in the tax season, which began January 24, may have already received their tax refund.
Why is my refund delayed so long?
“A simple mistake in the routing or account number can delay a refund for weeks or even months,” he adds. The IRS will issue a paper check once the deposit is rejected or returned by the bank, and mail the check to you. You can choose to have a paper check sent from the outset, rather than direct deposit.
Why is my 2021 refund taking so long?
What’s Taking So Long? If you don’t receive your refund in 21 days, your tax return might need further review. This may happen if your return was incomplete or incorrect. The IRS may send you instructions through the mail if it needs additional information in order to process your return.
Can I call the IRS about my refund?
Call us at 800-829-1954 (toll-free) and either use the automated system or speak with a representative.
Who do I call if I haven’t received my tax refund?
1-800-829-1040
Calling the IRS at 1-800-829-1040 (Wait times to speak to a representative may be long.)
Is IRS behind on refunds?
According to the latest data, the Internal Revenue Service (IRS) is almost one full year behind in processing paper returns—an intractable situation that has resulted in untold millions of delays, often affecting refunds for the very taxpayers who need them most.
Why is my taxes still processing 2021?
“Tax returns are opened and processed in the order received. As the return is processed, whether it was filed electronically or on paper, it may be delayed because it has a mistake including errors concerning the Recovery Rebate Credit, missing information, or suspected identity theft or fraud,” said the IRS.
Is there a delay on tax refunds 2022?
Experts say tax returns could be delayed. Although the IRS says most refunds will be sent within 21 days, experts warn that delays are likely, noting that the agency is still working through 2020 tax returns.