WHY SOME TAX REFUNDS TAKE LONGER

April 15, 2022 - Douglas Myser

Why some tax refunds take longer. Even though the IRS issues most tax refunds in less than 21 days for taxpayers who filed electronically and chose direct deposit, some refunds may take longer. Many different factors can affect the timing of a refund after the IRS receives a return. A manual review may be necessary when a return has errors, is incomplete or is affected by identify theft or fraud. Other returns can also take longer to process, including when a return needs a correction to the Child Tax Credit or Recovery Rebate Credit amount, includes a claim filed for an Earned Income Tax Credit or an Additional Child Tax Credit, or includes a Form 8379, Injured Spouse Allocation, which could take up to an additional 14 weeks to process. Why some tax refunds take longer.

The fastest way to get a tax refund is by fling electronically, and choosing direct deposit. Taxpayers who don't have a bank account can find out more on how to open an account at the FDIC-insured bank or the National Credit Union Locator Tool. The IRS cautions taxpayers not to rely on receiving a refund by a certain date, especially when making major purchases or paying bills. Some returns may require additional review and may take longer. Also, remember to take into consideration the time it takes for a financial institution to post the refund to an account or to receive it by mail. To check the status of a refund, taxpayers should use the "Where's my Refund?" tool at the IRS website, IRS.GOV Information on the most current tax year is filed is generally available within 24 hours after the IRS acknowledges receipt of a taxpayer's return.

If you don't want to file due to owing the IRS, or have a large number of unfiled tax returns, call this Tax Resolution Company for help. We can file all your past tax returns, then determine every option you have for dealing with your tax debt, including the IRS Fresh Start Program, and other options not in that program. Final Tax Relief is what we offer our clients.