How Long Does It Take For Tax Return To Be Processed? (Perfect answer)

If you file a complete and accurate paper tax return, your refund should be issued in about six to eight weeks from the date IRS receives your return. If you file your return electronically, your refund should be issued in less than three weeks, even faster when you choose direct deposit.

How do I reach a real person at the IRS?

  • If you are calling in response to a notice or letter that you received, check for the appropriate telephone number in the correspondence. This may be your only way you can talk to a real person. Once you get through to a real person at the IRS, that doesn’t necessarily mean you will get the help you need.

How long does it take to process an accepted tax return?

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. 3

Why is my tax return still being processed 2020?

He said the IRS is still processing $9.8 million tax returns from 2020. The delays are mostly due to errors in filing, some having to do with the economic stimulus payments. 5

Can my tax refund be rejected after being accepted?

No. Once your return shows “accepted” the status can not change to “rejected”. Please use the below information to check your refund status: How do I check my e-file status?

How long does it take the IRS to process a late tax return?

It takes approximately 6 weeks for us to process an accurately completed past due tax return.

What does it mean when the IRS says your tax return has been received and is being processed?

This means the IRS has processed your return and has approved your refund. The IRS is now preparing to send your refund to your bank or directly to you in the mail if you requested a paper check.

Is the IRS still processing returns?

The IRS is opening mail within normal timeframes and all paper and electronic individual refund returns received prior to April 2021 have been processed if the return had no errors or did not require further review. As of December 31, 2021, we had 6 million unprocessed individual returns.

How do I know if IRS received my tax return?

Find out if Your Tax Return Was Submitted

  1. Using the IRS Where’s My Refund tool.
  2. Viewing your IRS account information.
  3. Calling the IRS at 1-800-829-1040 (Wait times to speak to a representative may be long.)
  4. Looking for emails or status updates from your e-filing website or software.

Why has my tax return been accepted but not approved?

Accepted means your tax return is now in the government’s hands and has passed the initial inspection (your verification info is correct, dependents haven’t already been claimed by someone else, etc.).

Why IRS hasn’t accepted my return?

The following are some of the most common causes for a return to be rejected: The prior year Adjusted Gross Income (AGI) for the taxpayer does not match what the IRS shows. The taxpayer’s prior year AGI is what is being used to digitally sign their return and to help combat fraud. It must match what the IRS shows.

Why is my federal tax return 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. You may also experience delays if you claimed the Earned Income Tax Credit or the Additional Child Tax Credit.

How long does it take for IRS to approve refund after it is accepted 2022?

Most taxpayers who file electronically and choose direct deposit will get their refund within 21 days, assuming there are no problems with the return, according to the IRS. 2

What happens if I file my taxes late and I am due a refund?

If you missed the tax deadline but are due a refund there is no penalty. The government is happy to hold on to your money, interest-free, for a bit longer. In fact, you have up to three years from the filing deadline to complete a return and get that refund. Don’t delay too long though.

Tax Season Refund Frequently Asked Questions

The majority of refunds are processed in fewer than 21 calendar days. If your tax return requires further scrutiny, it is likely that it will take longer to complete. Where Has My Refund Gone? provides the most up-to-date information about your refund that is currently available For some 2020 tax returns that require review, such as those that contain incorrect Recovery Rebate Credit amounts or those that used 2019 income to calculate the Earned Income Tax Credit (EITC) and Additional Child Tax Credit, the Internal Revenue Service is taking more than 21 days to issue refunds (ACTC).

I’m counting on my refund for something important. Can I expect to receive it in 21 days?

Following the receipt of your return, a number of different circumstances might influence the timeliness of your reimbursement. Despite the fact that we provide the majority of refunds in less than 21 days, it is conceivable that your refund will take longer. Please bear in mind that your financial institution may require a period of time before crediting your account or mailing you a refund.

It’s been longer than 21 days since the IRS received my return and I haven’t gotten my refund. Why?

  • It has flaws, such as an inaccurate Recovery Rebate Credit
  • It is insufficient
  • And it requires more examination in general. Has been a victim of identity theft or fraud
  • Included is a claim for the Earned Income Tax Credit or the Additional Child Tax Credit that has been lodged. See the Q&A section below. In addition, there is Form 8379, Injured Spouse AllocationPDF, which might take up to 14 weeks to be processed.

For the most up-to-date information on IRS return processing during the COVID-19 epidemic, see theIRS Operations Status website (in English). When (or if) we require further information from you in order to process your refund, we will notify you by letter. As long as we’re still processing your return or making corrections to a mistake, neither Where’s My Reimbursement? nor our phone specialists will be able to offer you with an estimated refund date in advance. Please go to Where Has My Refund Gone?

I claimed the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC) on my tax return. When can I expect my refund?

According to the Protecting Americans from Tax Hikes (PATH) Act, the Internal Revenue Service is not permitted to provide EITC and ACTC refunds before the middle of the month. When taxpayers choose direct deposit and there are no additional concerns with their tax return, the IRS anticipates that most EITC/Additional CTC refunds will be available in their bank accounts or on their debit cards by March 1. Some taxpayers, on the other hand, may receive their refunds a few days early. Check Where’s My Refund to find out when you will receive your customised refund.

The IRS2Go smartphone app, as well as IRS.gov, continue to be the most convenient ways to check the status of a refund.

Will calling you help me get my refund any faster?

If Where’s My Refund? urges you to call us, our personnel will be unable to give you with any extra information until you specifically request it. If the message “Where’s My Reimbursement?” indicates that we are still processing your return, our personnel will be unable to provide you with an exact refund date.

What information doesWhere’s My Refund?have?

Typically, we will provide you with information on the most recent tax year refund we have on file for you.

Can I use Where’s My Refund? to check the status of a refund on a prior year return.

Where Has My Refund Gone? will show you the current status of your most recently filed tax return during the previous two tax seasons.

When can I start checkingWhere’s My Refund?for my refund’s status?

We’ll notify you within 24 hours of receiving your electronically submitted tax return or within 4 weeks of receiving your paper tax return, whichever is sooner.

WillWhere’s My Refund?show me when I’ll receive my refund?

Where Has My Refund Gone? After we have processed your return and approved your reimbursement, we will contact you to set up a specific day for you.

Will ordering a transcript help me find out when I’ll get my refund?

A tax transcript will not assist you in determining when you will get your refund. There is no guarantee that the information transcripts have about your account will accurately reflect the amount or timeliness of your refund. They are ideally suited for verifying prior income and tax filing status for mortgage, student, and small business loan applications, as well as for assisting with tax preparation and production of tax returns.

I’m a nonresident alien. I don’t have to pay U.S. federal income tax. How do I claim a refund for federal taxes withheld on income from a U.S. source? When can I expect to receive my refund?

Nonresident aliens who receive income from a source in the United States must disclose the necessary income and withholding amounts on Form 1040-NR, U.S. Nonresident Alien Income Tax ReturnPDF in order to be eligible for a refund of federal taxes withheld on such income. When you submit your Form 1040NR, you must include any supporting documentation that demonstrates your income and withholding levels. To complete a 1040NR return, we require more than 21 days of processing time. Please anticipate up to 6 months for your refund to be processed from the date you filed your 1040NR.

How will I know you’re processing my tax return?

Where Has My Refund Gone? tracks the progress of your tax return from its reception until its conclusion. It will notify you when your return has been received as well as if your refund has been accepted or has been issued.

What is happening whenWhere’s My Refund?shows my tax return status as received?

We have received and are currently processing your tax return.

What is happening whenWhere’s My Refund?shows my refund’s status as approved?

We’ve authorized your request for a refund. Currently, we are prepared to issue a refund through your bank or straight to you through the mail. This status will inform you as to when we will transfer the funds back to your bank account (if you selected the direct deposit option). You should check with your bank about your refund 5 days after we’ve issued it because banks differ in how and when they credit monies to accounts. If you get a refund cheque in the mail, please allow several weeks for it to arrive.

How long will it take for my status to change from return received to refund approved?

It can take a few days in certain cases, but it could take longer.

DoesWhere’s My Refund?always display my refund status showing the different stages of return received, refund approved and refund sent?

No, this is not always the case. Instead, when we are still examining your return, it may offer instructions or an explanation of what we are doing, depending on the circumstances.

DoesWhere’s My Refund?update often?

Once a day, generally at night, for 30 minutes. There is no need to check any more frequently.

WillWhere’s My Refund?give me my amended return’s status?

No, it will not provide you with information on revised tax returns. What happened to my Amended Return? can provide you with information on the current status of your amended return. The status of your modified return may only be researched by our phone and walk-in staff if it has been 16 weeks or more since you submitted it in.

I requested a direct deposit refund. Why are you mailing it to me as a paper check?

  • We can only deposit refunds into accounts in your own name, the name of your spouse, or the name of a joint account
  • Otherwise, we cannot repay you. A direct deposit may be rejected by a banking institution. The amount of electronic refunds that can be deposited into a single bank account is limited to three

Why is my refund different than the amount on the tax return I filed?

It is possible that all or part of your return was utilized (offset) to pay down past-due federal tax, state income tax, state unemployment compensation obligations, child support, spousal support, or other federal nontax debts, such as student loan debt. If you believe you may be entitled to an offset, or if you have any questions concerning an offset, you should contact the collection agency to which you owe the amount. We may have also adjusted the amount of your refund as a result of the modifications we made to your tax return.

You’ll receive a notification informing you of the changes.

page will show the reasons for the refund offset. More information on refund offsets may be found in Tax Topic 203, Refund Offsets for Unpaid Child Support, Certain Federal and State Debts, and Unemployment Compensation Debts, which can be found here.

What should I do when the refund I receive is not from my tax account?

We ask that you refrain from cashing the refund cheque or spending the direct deposit return. Return the money to us in its original form. Tax Topic 161, Returning an Erroneous Refund — Paper Check or Direct Deposit, explains how to return an incorrect refund. gives further information about what to do

Where’s My Tax Refund? The IRS Refund Timetable Explained

It has been updated for Tax Year 2021 / January 30, 2022 at 3:34 PM (EDT). OVERVIEW What occurs when you click on the green button to send your tax return is as follows. Remember that filing your tax return electronically and selecting direct deposit is the fastest method to get your refund. Subscribe: Apple Podcasts|Spotify|iHeartRadio are examples of podcasting services. The Most Important Takeaways When you file your return electronically, it normally takes between 24 and 48 hours for the IRS to accept your submission.

The Internal Revenue Service usually issues refunds in fewer than 21 days.

To check on the status of your refund, use the IRS’s Here’s My Refund?tool or contact the IRS at 800-829-1954 starting 24 hours after you e-file your return.

“Where’s my tax refund?”

Have you ever wondered what occurs between the time you file your tax return and the time you receive your refund? When you click on the green button to send your tax return, here’s what happens in reality.

  • Following that, we “stamp” the return with an electronic postmark before sending it to the government. Afterwards, we both have to wait between 24 and 48 hours for the IRS to receive your tax return. What exactly are they up to? They are double-checking your personal information to ensure that it corresponds to their own records. If everything appears to be in order, the IRS will approve your return.

Once you have been accepted, you will be placed on the IRS payment schedule. Only the Internal Revenue Service (IRS) is aware of the current status of your tax return, including whether you owe taxes or are expecting a refund. Taxpayers received more than 9 out of 10 refunds from the IRS in fewer than 21 days last year, a significant increase from previous years. In 2021, the same outcomes are predicted to be achieved. TurboTax Tip: You may check on the status of your return by using the IRSWhere’s My Refund?tool or by calling the IRS at 800-829-1954, starting 24 hours after you e-file.

Once you have e-filed your tax return, you may check the status of your refund in a variety of ways, including:

  • You can make advantage of the IRSW. Here’s a link to the My Refund?tool (which is the fastest choice)
  • Call the Internal Revenue Service at 800-829-1954.

Based on the processing of your tax return, the refund information you receive will be customized for you by the tool. They will notify you of an actual refund date as soon as the Internal Revenue Service reviews your tax return and accepts your refund application. The vast majority of refunds will be processed in less than 21 days. Within 24 hours of e-filing your return, you should be able to begin checking on the progress of your refund. Keep in mind that e-filing and selecting direct deposit are the fastest ways to get your refund.

See also:  How Does Unemployment Affect Tax Return?

All you need to know is yourself

Provide straightforward answers to a few easy questions about your life, and TurboTax Free Edition will take care of the rest. Simple tax returns are all that are required.

How Long Does It Take to Get a Tax Refund?

You may only breathe a sigh of relief once you’ve completed the time-consuming and stressful process of completing your tax returns. This is due to the fact that you’ll most likely be thinking, “How long does it take to collect a tax refund?” You may, however, be dissatisfied with the IRS processing periods, regardless of how eager you are to get your refund check from your federal income tax return. You should know how long it will take to get your federal tax return so that you can factor it into your budgeting for the year.

How Long Will My Tax Refund Take?

The manner in which you file your tax return will have a significant impact on when you get your refund. To get your refund by direct deposit, the most expedient method is to e-file your return and have it processed electronically. The vast majority of taxpayers who choose this option will receive their refunds within 21 days of filing their 2021 taxes, which will be filed in 2022, according to the IRS. The IRS will approve your tax return on April 15th, which means your refund will be in your bank account within three weeks of that date.

If you file a paper return or if you choose to get your refund in the form of a paper check, it will take longer for your return to be processed.

So if you’re tempted to wait about wondering, “How long does it take to obtain a tax refund?” you might want to consider e-filing or, at the very least, direct deposit to avoid the hassle.

Federal Tax Refund Schedule
Filing Method E-File, Direct Deposit Paper File, Direct Deposit E-File, Check in Mail Paper File, Check in Mail
Time from the day you file until you receive your refund* 1-3 weeks 3 weeks 1 month 2 months

*Please keep in mind that these are only suggestions. For the most part, depending on how you file, you should be able to anticipate to get your refund within these time frames. The following is a thorough summary of when taxpayers got their return in 2021 for your convenience:

2021 IRS Refund Schedule
Taxes Accepted Direct Deposit Paper Check
Week of February 13 February 26 March 5
Week of February 20 March 5 March 12
Week of February 27 March 12 March 19
Week of March 6 March 19 March 26
Week of March 13 March 26 April 2
Week of March 20 April 2 April 9
Week of March 27 April 9 April 16
Week of April 3 April 16 April 23
Week of April 10 April 23 April 30
Week of April 17 April 30 May 7
Week of April 24 May 7 May 14
Week of May 1 May 14 May 21
Week of May 8 May 21 May 28
Week of May 15 May 28 June 4
Week of May 22 June 4 June 11
Week of May 29 June 11 June 18
Week of June 5 June 18 June 25
Week of June 12 June 25 July 2
Week of June 19 July 2 July 9
Week of June 26 July 9 July 16
Week of July 3 July 16 July 23
Week of July 10 July 23 July 30
Week of July 17 July 30 August 6
Week of July 24 August 6 August 13
Week of July 31 August 13 August 20

Tax Returns That Include the EITC or ACTC

If you filed a claim for the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC), you may have to wait a little longer for your refund to be processed. The Internal Revenue Service is required by law to retain refunds from these returns until February 15. According to the Internal Revenue Service, you shouldn’t anticipate your refund to arrive in your bank account until late February. Returns that are not processed by direct deposit, as well as those that have difficulties with them, will take more time to process.

How to Check Your Tax Refund Status

“How long does it take to collect a tax refund?” is something you could be wondering about on a regular basis. Use the IRS website’s Where’s My Return? feature to find out where your federal tax refund is in the process of being sent to you. In addition, the IRS2Go smartphone app provides access to the same tool. If you file your return online, the status of your return will normally be known within 24 hours.

For paper returns, it will take at least four weeks before you will be able to check on the progress of your submission. In order to determine the status of your return, you’ll need three pieces of information:

  • It is your Social Security Number (SSN). What is the current status of your filing? What the actual monetary amount of your anticipated return will be

If you submitted a tax return for the Earned Income Tax Credit or the American Opportunity Tax Credit, the IRS says you may anticipate your refund status to change by late February.

Bottom Line

The manner in which and when you file your tax return will determine how long it will take you to get your tax refund. The quickest approach to obtain your refund is to e-file your return and arrange to have your refund deposited into your account by direct deposit. The IRS has said that, for the tax year 2021, the great majority of e-filers (who also use direct deposit for refunds) would get their refunds within 21 days of filing their taxes online. Sending a paper return or obtaining your refund in the form of a paper check might cause the procedure to take months longer than it should.

This is due to the fact that the vast majority of taxpayers file their returns during those hours.

Tips for Getting Through Tax Season

  • When you file your tax return, and how you file it, will determine how long it will take for you to get your tax refund. Using e-filing and electing to get your refund by direct deposit is the most efficient method of receiving your refund. Taxpayers who file electronically and utilize direct deposit to collect their refunds will receive their returns within 21 days, according to the Internal Revenue Service for the tax year 2021. Sending a paper return or receiving your refund in the form of a paper check could cause the processing to take months longer than it should to complete. Tax returns are also processed more slowly by the IRS at the start and conclusion of tax season, as well as throughout tax season. Why? Because those days and hours are when the vast majority of taxpayers file their returns.

iStock.com/fstop123, iStock.com/Eva-Katalin, and iStock.com/alex skp are credited with the images. Derek Silva, CEPF® (Certified Environmental Professional). Derrick Silva is on a mission to make personal finance more accessible to the general public. He contributes to SmartAsset by writing on a number of personal financial subjects and serving as a retirement and credit card specialist. A member of the Society for Advancing Business Editing and Writing, Derek also has the title of Certified Educator in Personal Finance® (CEPF®) and is an expert in personal finance.

Derek wants readers to take away from his work the following message: “Don’t forget that money is only a tool to help you achieve your objectives and live the lifestyle you choose.”

Here’s how long it will take to get your tax refund in 2022

Three-quarters of all Americans receive a yearly tax return from the Internal Revenue Service, which is generally the largest check a family receives throughout the year. However, with 2018 tax season now underway, taxpayers may experience a replay of last year’s processing backlog, which resulted in around 30 million taxpayers having their forms — and refunds — held up by the IRS. Treasury Department officials cautioned on Monday that the upcoming tax season will be difficult, with the Internal Revenue Service (IRS) beginning to process returns on January 24.

  1. As of December 31, the IRS had a backlog of 6 million unprocessed individual tax returns, a considerable decline from a backlog of 30 million in May, but a big increase from the 1 million unprocessed returns that are more normal at the start of tax season at this time.
  2. People who claim the Earned Income Tax Credit or the Child Tax Credit will have their tax returns processed more slowly as a result of regulations designed to prevent fraud.
  3. Furthermore, there are additional difficulties that might cause your return to be delayed, such as math mistakes or improperly reporting the amount of money you got from the advanced Child Tax Credit instalments.
  4. However, it is possible that some taxpayers may mistakenly declare the incorrect amount on their tax returns this year — and that this will happen through no fault of their own.
  5. The Internal Revenue Service (IRS) is requesting that people refer to the letter while completing their tax return.
  6. This could result in a delay in the taxpayer’s return being processed and their refund being mailed to them, according to Larry Gray, a CPA and government relations liaison for the National Association of Tax Professionals.
  7. “People may not know the letter might be incorrect, and what is the IRS doing to send out a follow-up message to prevent generating a worse backlog in the following season?” he added.

It’s crucial to remember that processing times normally slow down when tax season gets begun and the IRS receives a greater volume of returns, according to the IRS.

Ongoing backlog

In the meanwhile, tax experts say there are several things people can take to assist secure a timely tax refund, which is especially crucial this year given the IRS’s large backlog of refund requests. Following the release of a report to Congress on Wednesday, the National Taxpayer Advocate Erin M. Collins expressed “grave worry” about the next filing season, citing the backlog of tax returns, among other difficulties. In order to prepare a dinner, Mark W. Everson, vice chairman of Alliantgroup and former Commissioner of the Internal Revenue Service, explained that “the first thing you need to know is that the kitchen must be clean after the previous meal.” “It simply snowballs into a really bad scenario from there.” Collins’ report, which characterized an agency in crisis, stated that delays in processing tax returns are one of the most critical issues facing the agency.

“Weeks and weeks” of IRS delays

Although the IRS claims that the vast majority of refunds would be processed within 21 days, experts caution that delays are probable due to the fact that the agency is currently processing tax returns for the 2020 tax year. Following a record-breaking fiscal year, the Internal Revenue Service processed more than 240 million tax returns and issued almost $736 billion in refunds, which included $268 billion in federal stimulus payments, according to the most recent IRS statistics. Approximately 60 million individuals contacted or visited an IRS office during that time period.

  1. “File early in 2022, get started tomorrow, and attempt to put your taxes together with the assistance of a knowledgeable expert,” says the author.
  2. According to Collins, the Internal Revenue Service answered just around one out of every nine taxpayer calls during fiscal year 2021.
  3. “In the olden days, you’d have to wait 5-10 minutes before getting a hold of an IRS agent,” said Christian Cyr, a CPA and president and chief investment officer of Cyr Financial, a financial services firm.
  4. It takes a lot of effort to ensure a successful tax filing process, especially considering that the average refund last year was around $2,800.
  5. 1.
  6. This is a measure that the Internal Revenue Service strongly recommends this year.
  7. This is due to the fact that the IRS depends on computers to electronically process submitted returns, whereas paper returns must be processed by human personnel at the time of filing.

Even if one ignores the stresses on employees caused by the epidemic, the IRS’s personnel has not kept pace with population growth.

That implies fewer employees will be required to handle a higher number of returns.

Tax professionals encourage people to join the approximately 138 million taxpayers who have already opted to file their returns electronically.

Request a refund by direct deposit.

According to the agency, the quickest method to receive your money is to employ a combination of e-filing and direct deposit, which transfers the funds directly into your bank account.

According to the IRS, the vast majority of taxpayers who file electronically and choose direct deposit will get their refunds within 21 days, providing there are no difficulties with the return itself.

Don’t make educated guesses.

Any discrepancies are identified for manual review by an employee.

Once this occurs, it is probable that your tax return may be delayed for many weeks or perhaps months.

According to Cyr, relying on “word of mouth or the honor system” while completing your tax return is not a good idea.

In 2021, these letters will tell each taxpayer of the amount of money they got via these programs — these are vital papers to keep on hand since you’ll be referring to the figures in these letters when completing your tax return in the future.

“Make sure you don’t have any difficulties that are the result of your own carelessness,” Everson suggested.

However, because some CTC letters were issued to taxpayers in error, the Internal Revenue Service is asking them to double-check how much they got by entering into their accounts at IRS.gov. The Internal Revenue Service will issue two letters:

  • In spite of the IRS’s assurances that most refunds will be sent within 21 days, experts caution that delays are probable due to the agency’s ongoing work on tax returns for 2019. According to the most recent IRS figures, the IRS processed more than 240 million tax returns and issued approximately $736 billion in refunds for the 2020 fiscal year, including $268 billion in government stimulus payments. Approximately 60 million people made phone calls or visited an IRS office during that time period. Donald Williamson, an accounting and taxes professor at American University in Washington, predicted that the IRS will be delayed for “weeks and weeks” in 2022. For the year 2022, my recommendation is to file early, begin immediately, and attempt to put your taxes together with the assistance of a knowledgeable expert.” Tax preparers have informed CBS MoneyWatch that it is still difficult to get in touch with IRS officials over the phone, which adds to the difficulty. For the fiscal year 2021, according to Collins, the IRS responded just around one out of every nine taxpayer phone calls. It was pointed out to her that “a large number of taxpayers are dissatisfied because they are not receiving answers to their queries.” The IRS used to respond to phone calls within 5-10 minutes, according to Christian Cyr, a certified public accountant and president and chief investment officer at Cyr Financial. “Back in the day, you’d have to wait 5-10 minutes to get an IRS representative on the phone,” Cyr said. According to him, his CPAs are now forced to queue up for hours in order to talk with an IRS employee, with no assurance that they will ever speak with someone. Because the average refund last year was around $2,800, ensuring a flawless tax filing process has a lot at stake. Tax professionals and the Internal Revenue Service provide advice on how to receive a tax refund within 21 days after completing your return. 1. Make a digital submission. 2. This is something that the Internal Revenue Service highly recommends this year. The IRS claims that taxpayers who file online are more likely to have their returns completed more promptly than those who submit on paper. Although some individuals prefer to file on paper, others may be forced to do so. This is due to the fact that the IRS depends on computers to electronically process submitted returns, whereas paper returns must be processed by human personnel at the time of submission. Initial reports indicated that the Internal Revenue Service (IRS) closed its offices and personnel stopped reading mail, causing the processing of paper tax returns to be delayed. The IRS’s workforce hasn’t kept up with population increase, even after adjusting for employee stress caused by the epidemic. A 60 percent increase in population has not changed the size of the agency’s employees since it was established in 1970. Thus, less staff will be required to deal with an increased amount of returns. Taxpayer Advocate Service records show that around 10 million paper returns were filed last year, accounting for approximately 7 percent of the total 148 million forms filed in 2021. Approximately 138 million taxpayers now use e-filing, according to tax specialists, and more should do so. According to National Taxpayer Advocate Collins, “Paper is the IRS’s Kryptonite, and the agency continues to be buried in it.” Receive your reimbursement by direct transfer in the following manner: As a final recommendation, the IRS suggests that people set up a direct deposit account to receive their refunds. According to the agency, the quickest method to receive your money is to use a combination of e-filing and direct deposit, which transfers the money directly to your bank account once you submit your application. Last year, around 95 million individuals got refunds, with approximately 87 million of them electing to have their monies deposited directly into their accounts. Assuming there are no issues with the return, the IRS estimates that the majority of taxpayers who file electronically and choose direct deposit will get their refund within 21 days. Make no assumptions about the outcome. The Internal Revenue Service compares its statistics to the information provided by taxpayers on their tax filings. Any discrepancies are identified for manual inspection by an employee. For example, if your W2 shows that you made $60,000 but you put on your tax return that you earned $58,000, the return is detected. Once this occurs, it is probable that your tax return may be delayed by many weeks or perhaps months. To ensure that data is reported correctly, tax professionals encourage consumers to thoroughly review their tax forms. The use of “word of mouth or the honor system” to complete your tax return is discouraged, according to Cyr. This will, I assure you, result in a backlog. In a similar vein, the IRS is issuing letters this month to individuals who will get the third federal stimulus check in 2021, as well as the advancedChild Tax Credit installments, which are both scheduled to be paid in 2021. These letters will tell each taxpayer of the amount of money they got via these programs in 2021 — these are vital papers to keep on hand since you will need to refer to those numbers when completing your tax return in the following year, if you qualify. It was taxpayers’ inaccuracies in declaring their 2020 stimulus payment amounts on their tax returns that caused their tax files to be highlighted for manual examination in 2021, which was a significant contributor to the backlog of tax returns that year. As Everson cautioned, “avoid having any difficulties that are the result of your own carelessness.” Because some taxpayers got inaccurate CTC letters, the Internal Revenue Service (IRS) is asking them to double-check how much they received by entering into their accounts on IRS.gov. The IRS will issue two letters: the first will be sent to the taxpayer, and the second will be addressed to the taxpayer’s employer.
See also:  Where To Report 1042 S On Tax Return? (Correct answer)

According to tax professionals, you should keep both of these letters and refer to them while completing your tax return.

You may face a delay if you claim these tax credits

Even if you follow all of the instructions to the letter, there are a few of difficulties that might cause delays. In addition, the IRS states that it will not be able to provide refunds including the Earned Income Tax Credit (EITC) or the Child Tax Credit until mid-February. As the Internal Revenue Service (IRS) said last week, “the legislation affords this additional time to assist it in preventing false refunds from being paid.” That implies that even if you file your tax return as soon as possible on January 24, you may still not get a refund within the required 21-day period if your tax return includes either of those tax credits.

A 2015 rule that slows refunds for persons who claim these credits was enacted as a countermeasure to fraudsters who use identity theft to steal taxpayers’ money, and it is the cause for the delay.

Download our Free App

It is possible that delays will occur even if you follow all of the procedures to the letter. A refund involving the Earned Income Tax Credit (EITC) or the Child Tax Credit will not be issued by the Internal Revenue Service until mid-February, according to the agency. As the Internal Revenue Service (IRS) noted last week, “the legislation affords this additional time to assist it in preventing false refunds from being distributed.” If your tax return includes any of those tax benefits, even if you file as soon as possible on January 24, you may still not get a refund within the required 21-day time window.

A 2015 legislation that slows refunds for persons who claim these credits was enacted as a countermeasure to fraudsters who use identity theft to steal taxpayers’ money by delaying refunds for those who claim these credits.

Here’s how long it will take to get your tax refund in 2022

Even if you follow the instructions to the letter, there are a handful of concerns that might cause delays. In addition, the IRS states that it will not be able to process refunds involving the Earned Income Tax Credit (EITC) or the Child Tax Credit before mid-February. “This extended period is provided by law to assist the IRS in preventing fraudulent refunds from being given,” the agency stated this week. That implies that even if you file your tax return as soon as possible on January 24, you may not get a refund within the required 21-day period if your tax return includes either of those tax credits.

A 2015 rule that delayed refunds for persons who claim these credits was enacted as a countermeasure to fraudsters who use identity theft to steal taxpayers’ money. — With contributions from the Associated Press.

Taxpayers may be concerned about refund delays in 2022, but the IRS announced this month that the vast majority of Americans should receive their refunds within 21 days of filing – with few exceptions. People who claim the Earned Income Tax Credit or the Child Tax Credit will have their tax returns processed more slowly as a result of regulations designed to prevent fraud. However, people who claim those credits and file their tax returns on or close to January 24 will not receive their refund until early March, according to the Internal Revenue Service (IRS).

  • In some instances, your tax return may be highlighted, resulting in delays of several weeks or even months in processing.
  • Taxpayers who got a Child Tax Credit letter 6419 had inaccurate information regarding the amount they received, according to the Internal Revenue Service (IRS) said on Monday.
  • The IRS may flag a taxpayer’s return if it does not match what the agency has on file.
  • Tax experts expressed their worries on a conference call to discuss the current tax season.
  • According to the trade newspaper CPA Advisor, if all goes according to plan, taxpayers who e-file can expect to get their refunds by direct deposit as soon as one week after filing, based on prior years’ processing times.

Ongoing backlog

Taxpayers may be concerned about refund delays in 2022, but the Internal Revenue Service stated this month that the vast majority of Americans should receive their refunds within 21 days of filing – with few exceptions. People who claim the Earned Income Tax Credit or the Child Tax Credit will have their tax returns processed more slowly as a result of regulations designed to prevent fraud. However, people who claim those credits and file their tax returns on or around January 24 will not receive their refund until early March, according to the Internal Revenue Service (IRS).

  • It’s possible that your tax return will be highlighted under these circumstances, resulting in delays of several weeks or even months.
  • Taxpayers who got a Child Tax Credit letter 6419 received inaccurate information regarding the amount they received, according to the Internal Revenue Service (IRS) on Monday.
  • The IRS may flag a taxpayer’s return if it does not match what the agency has on file.
  • Tax experts expressed their worries on a conference call to discuss the current tax season.
  • As long as everything goes smoothly, taxpayers who file electronically should expect to get their refunds as soon as one week after filing, according to the trade journal CPA Advisor, based on prior years’ processing time.

When tax season begins and the IRS receives a large number of returns, it is important to remember that processing time often slows down.

“Weeks and weeks” of IRS delays

Although the IRS claims that the vast majority of refunds would be processed within 21 days, experts caution that delays are probable due to the fact that the agency is currently processing tax returns for the 2020 tax year. Following a record-breaking fiscal year, the Internal Revenue Service processed more than 240 million tax returns and issued almost $736 billion in refunds, which included $268 billion in federal stimulus payments, according to the most recent IRS statistics. Approximately 60 million individuals contacted or visited an IRS office during that time period.

  • “File early in 2022, get started tomorrow, and attempt to put your taxes together with the assistance of a knowledgeable expert,” says the author.
  • According to Collins, the Internal Revenue Service answered just around one out of every nine taxpayer calls during fiscal year 2021.
  • “In the olden days, you’d have to wait 5-10 minutes before getting a hold of an IRS agent,” said Christian Cyr, a CPA and president and chief investment officer of Cyr Financial, a financial services firm.
  • It takes a lot of effort to ensure a successful tax filing process, especially considering that the average refund last year was around $2,800.
  • 1.
  • This is a measure that the Internal Revenue Service strongly recommends this year.
  • This is due to the fact that the IRS depends on computers to electronically process submitted returns, whereas paper returns must be processed by human personnel at the time of filing.

Even if one ignores the stresses on employees caused by the epidemic, the IRS’s personnel has not kept pace with population growth.

That implies fewer employees will be required to handle a higher number of returns.

Tax professionals encourage people to join the approximately 138 million taxpayers who have already opted to file their returns electronically.

Request a refund by direct deposit.

According to the agency, the quickest method to receive your money is to employ a combination of e-filing and direct deposit, which transfers the funds directly into your bank account.

According to the IRS, the vast majority of taxpayers who file electronically and choose direct deposit will get their refunds within 21 days, providing there are no difficulties with the return itself.

Don’t make educated guesses.

Any discrepancies are identified for manual review by an employee.

Once this occurs, it is probable that your tax return may be delayed for many weeks or perhaps months.

According to Cyr, relying on “word of mouth or the honor system” while completing your tax return is not a good idea.

In 2021, these letters will tell each taxpayer of the amount of money they got via these programs — these are vital papers to keep on hand since you’ll be referring to the figures in these letters when completing your tax return in the future.

“Make sure you don’t have any difficulties that are the result of your own carelessness,” Everson suggested.

However, because some CTC letters were issued to taxpayers in error, the Internal Revenue Service is asking them to double-check how much they got by entering into their accounts at IRS.gov. The Internal Revenue Service will issue two letters:

  • Letter 6419 — alerting taxpayers of their CTC payments in advance of the due date. The agency began issuing these letters in December and will continue to do so throughout the month of January Regarding the third stimulus check, see letter 6475. In late January, you will get a letter from me.

According to tax professionals, you should keep both of these letters and refer to them while completing your tax return.

You may face a delay if you claim these tax credits

Even if you follow all of the instructions to the letter, there are a few of difficulties that might cause delays. In addition, the IRS states that it will not be able to provide refunds including the Earned Income Tax Credit (EITC) or the Child Tax Credit until mid-February. As the Internal Revenue Service (IRS) said last week, “the legislation affords this additional time to assist it in preventing false refunds from being paid.” That implies that even if you file your tax return as soon as possible on January 24, you may still not get a refund within the required 21-day period if your tax return includes either of those tax credits.

A 2015 rule that slows refunds for persons who claim these credits was enacted as a countermeasure to fraudsters who use identity theft to steal taxpayers’ money, and it is the cause for the delay.

Download our Free App

Download the CBS News app for free to stay up to date on breaking news and analysis.

Tax Refund Schedule 2021: How Long It Takes To Get Your Tax Refund

We at Bankrate are dedicated to assisting you in making more informed financial decisions. Despite the fact that we adhere to stringent guidelines, this post may include references to items offered by our partners. Here’s what you need to know about According to the IRS, more than 90 percent of tax refunds are given in fewer than 21 days after the refund request is received. While the precise date of obtaining your refund is dependent on a variety of circumstances, it is possible that the procedure will take longer in some situations.

You should be aware of the following information if you want to forecast how long you will have to wait for your refund:

How long will my tax refund take?

The Internal Revenue Service (IRS) distributes over nine out of ten refunds to taxpayers in less than three weeks. Unfortunately, the arrival of your tax return within 21 days is not guaranteed. There are a variety of factors that might influence the length of time it takes for you to get your tax return, including the choices you make when you file. You have the option of selecting the method through which you will receive any refund the IRS owes you. Here are some alternatives for you:

  • Return of funds by direct deposit into your bank account (this is the quickest method of receiving your refund)
  • Mailing a paper check is a common practice. The refund will be credited to the debit card on file. Purchase up to $5,000 worth of United States Savings Bonds
  • Divide your return across up to three different financial accounts in your name, such as a regular IRA, a Roth IRA, or a SEP-IRA
  • And

Depending on whatever delivery method you select for your tax refund, the amount of time it takes for you to receive your payments may vary. According to the Internal Revenue Service, combining the direct deposit option with an electronically filed tax return is the most efficient way to get your refund.

Tax refund process

Based on your filing and delivery preferences, the table below provides an anticipated breakdown of how soon you could expect to receive your tax return.

Delivery type Delivery time (date filed – receipt of tax refund)
Source: IRS
E-file with direct deposit 1-3 weeks
Paper file with direct deposit 3 weeks
E-file with refund check in the mail 6-8 weeks
Paper file with refund check in the mail 6-8 weeks
See also:  Why Have I Not Gotten My Federal Tax Return? (Best solution)

2021 IRS refund schedule chart

The Internal Revenue Service has not specified an exact date when it would begin accepting tax returns in 2022 for the tax year 2021. An example of the schedule from earlier in 2021 is shown below (the 2020 tax year).

Date taxes accepted Direct deposit sent Paper check mailed
Jan. 25 – Jan. 30 Feb. 12 Feb. 19
Jan. 31 – Feb. 6 Feb. 19 Feb. 26
Feb. 7 – Feb. 13 Feb. 26 March 5
Feb. 14 – Feb. 20 March 5 March 12
Feb. 21 – Feb. 27 March 12 March 19
Feb. 28 – March 6 March 19 March 26
March 7 – March 13 March 26 April 2
March 14 – March 20 April 2 April 9
March 21 – March 27 April 9 April 16
March 28 – April 3 April 16 April 23
April 4 – April 10 April 23 April 30
April 11 – April 17 April 30 May 7
April 18 – April 24 May 7 May 14
April 25 – May 1 May 14 May 21
May 2 – May 8 May 21 May 28
May 9 – May 15 May 28 June 4
May 16 – May 22 June 4 June 11
May 23 – May 29 June 11 June 18
May 30 – June 5 June 18 June 25
June 6 – June 12 June 25 July 2
June 13 – June 19 July 2 July 9
June 20 – June 26 July 9 July 16
June 27 – July 3 July 16 July 23
July 4 – July 10 July 23 July 30
July 11 – July 17 July 30 Aug. 6
July 18 – July 24 Aug. 6 Aug. 13
July 25 – July 31 Aug. 13 Aug. 20

Other factors that could affect the timing of your refund

There are a number of other causes that might delay the processing of your tax refund, including mistakes, incomplete tax filings, and fraud. Due to unique IRS restrictions, taxpayers who claim the earned income tax credit (EITC) or the extra child tax credit (ACTC) may have further delays in receiving their refunds until February 27th. If the Internal Revenue Service concludes that your tax return requires additional scrutiny, you can anticipate a lengthier wait time for your refund. According to the IRS, refunds for returns that contain problems or that require special treatment might take up to four months to process.

Delays can also occur when the IRS detects that a return is the result of identity theft or fraud.

A delay in answering can lengthen the time it takes for your refund to be processed.

How to track the progress of your refund

Additional circumstances, such as mistakes, incomplete tax filings, or fraud, might cause your tax refund to be delayed in processing. Taxpayers who claim the earned income tax credit (EITC) or the additional child tax credit (ACTC) may experience further delays as a result of specific regulations that compel the Internal Revenue Service to retain their refunds until Feb. 27, 2019. If the Internal Revenue Service deems that your tax return requires more scrutiny, you can anticipate a lengthier wait time for your refund as well.

There are other types of tax returns that require particular attention, including those with an improper amount claimed for the Recovery Rebate Credit and those claiming the EITC or ACTC.

If the Internal Revenue Service reaches you by letter for further information or to verify a tax return, respond as soon as you possibly can.

As a result of the pandemic-related processing delays, it may take more than 20 weeks to get a refund if you filed an updated tax form.

What to do once your refund arrives

According to the Internal Revenue Service, for many Americans, their IRS tax return is the largest check they get all year. It’s a good idea to have a strategy for how you’re going to spend your windfall in advance of receiving it. Making a decision on how you will spend, save, or invest the money ahead of time might help you avoid succumbing to the purchasing desire when it strikes. Your return is yours to spend as you see fit, and it may be used to help pay for day-to-day expenditures or invested to provide long-term financial security for yourself and your family.

Are you looking for some inspiration?

Learn more:

  • According to the Internal Revenue Service, for many Americans, their IRS tax return is the largest check they get throughout the year. It’s a good idea to have a strategy for how you’re going to spend your windfall in advance of receiving one. It is possible to prevent the buying temptation from taking control of your life if you plan ahead of time how you will spend, save, or invest the money. Refunds are completely discretionary
  • They can be utilized to assist pay for day-to-day costs or invested in order to achieve long-term financial security. Take advantage of a refund you’ve been anticipating. Are you looking for some motivational quotes? This article from Bankrate discusses five smart ways to put your tax return to work in the future.

Credit expert Michelle Lambright Black has more than 19 years of expertise. She is also a published freelance writer and a credentialed credit expert witness. Michelle’s writing has appeared in a variety of publications, including FICO, Experian, Forbes, U.S. News & World Report, Reader’s Digest, and others. She now writes for Bankrate. Senior editorial director was in charge of editing. LourdMurray’s senior wealth manager reviewed the document.

How Long Does it Take to Process Tax Returns?

The waiting game begins the day after you file your tax return. If you’re expecting a refund, you’ll be keeping an eye on your bank account with anticipation, knowing that you’ll have some additional spending money any day now. However, the length of time it takes to get your refund is dependent on a number of circumstances, including how you filed, if you made any mistakes, and the form of payment you choose. Recognizing this, there are things you can do right away to ensure that you receive your money as soon as feasible.

Time for Processing Tax Returns

The Internal Revenue Service processes returns quite quickly, with the majority of refunds being received within 21 days. The money will most likely be in your account within three weeks if you’re one among the 90 percent of taxpayers who submit their returns online. However, if you file a paper-based tax return, it may take up to six weeks to process your information. It also makes a difference how you choose to get your money, because the IRS must cut a physical check and transmit it through the postal system in order to process your claim.

It is possible that the turnaround time for a state income tax return will differ greatly across different states.

Virginia taxpayers, on the other hand, will have a lengthier wait time when e-filing.

Paper Return Processing

The Internal Revenue Service (IRS) led people through the phases a paper-based return goes through after it arrives at a processing center in its film, IRS Submission Processing Pipeline. Despite the fact that computers sort incoming mail, removing envelopes containing payments, personnel must manually sort the returns beyond that point to ensure that they are properly classified. It is then up to tax preparers to enter the information from the return into the IRS system, double-checking every item and rectifying any evident errors that may have occurred.

It is necessary for processors to obtain further information from the taxpayer if there are inaccuracies that cannot be easily addressed before proceeding to the next stage. This will cause a delay in your return since your return will be put on hold until you answer to the request for information.

Electronic Return Processing

Even though electronic returns bypass the majority of these stages, processors nevertheless evaluate the information and look for problems. If there are differences that cannot be resolved by the processor, the same procedure is followed as before. The Internal Revenue Service will contact you to resolve the situation. Unfortunately, for security reasons, the IRS is unable to simply pick up the phone and call you, nor can they send you an email. It is likely that you will receive a letter in the mail, indicating that there will be a lag between when the issue is identified and the time you are given the opportunity to correct it.

Ensuring Your Return Was Received

When you submit your tax return, you may be concerned that it has been misplaced somewhere between you and the processing center. On the case of electronic filing, you’ll be able to view a status in your e-file account that indicates whether or not your submission has been approved by the IRS. This might provide you with the peace of mind you require as you await your return. If you hire a professional taxpayer, he or she will be able to verify that the document was received and accepted because it is the final screen on the software that most firms employ.

Using the IRS’s Online Tool

However, if you submitted your tax return the old-fashioned method, it might be a bit of a puzzle. It will take many weeks before the IRS’s Where’s My Return? website indicates that your refund has been processed. You’re not likely to have much luck obtaining the information you need by phoning the IRS if it isn’t available online. If you intend to file your tax return by mail, it’s often a good idea to do it as early in the tax season as possible to prevent any complications if your return is misplaced.

Utilizing Certified Mail Via the Post Office

Certified Mail, on the other hand, is the most reliable method of ensuring that your paper-based return gets delivered safely. If you can avoid sweating it out in April, when you still haven’t heard anything, the extra price will be well worth it, as will the time saved. When you choose Certified Mail, you’ll receive a receipt confirming that your tax return has been sent. If you add Return Receipt to your order, you’ll even get a receipt that shows who signed for it. If delivery was tried but failed, you’ll be aware of it and will be able to follow up with the IRS to find out what happened and why it failed to happen.

Checking Your Refund Status

The most often asked question by taxpayers is, “How long will it take for my tax refund to arrive?” The IRS’s Where’s My Refund? website is the most useful resource in this situation. Even though changes are often only made once per day, usually overnight, you can begin monitoring the site 24 hours after you’ve e-filed and continue to do so for the next 24 hours. You’ll be need to submit your Social Security number, filing status, and the precise amount of the refund you’re anticipating in order to get it.

The importance of this is magnified if Where’s My Refund? still does not indicate that your refund is in the process of processing. In some cases, returns are lost in the mail, and in other cases, a note for clarification is sent to the customer who does not get the letter.

Special IRS Delays

Special circumstances can also have an impact on the length of time it takes to file a tax return. Credits, for example, caused a slowdown in the economy in 2018. The Internal Revenue Service was not permitted to distribute refunds to taxpayers who claimed the earned income tax credit and the extra child tax credit until after February 15, according to IRS regulations. This meant that those taxpayers could not expect to get their refunds until at least February 27th, at the earliest. Refunds have been stalled in recent years due to security concerns.

In general, this has an impact on taxpayers who are attempting to claim some popular tax credits, such as the earned income tax credit.

This is done in order to prevent fraudsters from applying for a tax refund using your Social Security number, but for some people, it means that they will have to wait a few additional weeks before seeing that extra money in their bank account if they have one.

Other Causes of Delay

The Internal Revenue Service (IRS) is not the sole influence in how soon you receive your tax return. If you rely on the mail service, for example, Mother Nature might play a part in your situation. If a severe winter storm sweeps through and disrupts the postal carriers responsible for transporting your return or refund check from point A to point B, you may experience a delay in receiving your reimbursement. Federal holidays might also cause a slowed down pace. Despite the fact that the Internal Revenue Service has employees working hard around the clock during tax season, the United States Postal Service does not follow the same standards.

  • Day and George Washington’s birthday, everything that goes through the mail will be delayed.
  • Therefore, if you’ve requested a direct transfer, you’ll have the best chance of receiving your refund on the next business day.
  • Banks also observe federal holidays, so you’ll almost certainly be able to avoid working on such days as well.
  • but you haven’t received a check in the mail, it might be due to a problem with the bank’s operation hours.

Speeding Up the Process

There are various things you may do to expedite the process, beginning with when you submit your application. The earlier you file your tax return during tax season, the sooner you will receive your refund. Even though it may seem simple, it extends beyond simply describing the fundamental timetable of the entire process. Processing centers become busier as April 15 approaches, increasing the likelihood that your return will become a part of the backlog. If you file in early February, when returns are only beginning to trickle in, you may be able to beat the three-week turnaround time by a few days if you’re lucky.

Another thing you can do to expedite the process is to complete all of your transactions electronically.

Not only will this allow you to get your money a few weeks sooner, but it will also make it easier for you to follow your return at each stage of the process. Choosing direct deposit over a paper check that is mailed to you might also make a significant impact.

Considering Benefits of Filing Electronically

However, there is another advantage to filing electronically: it reduces the likelihood that you will make a mistake that would cause delays in the process. The IRS reports that paper returns are 20 percent more likely than electronic filings to contain a mistake than those that are filed electronically. This is also due to the fact that many people who file electronically now do so using software that does the computations for themselves. You’ll be less likely to make a fundamental arithmetic error, and you’ll be less likely to miss a crucial tax law change or unintentionally transpose a handful of numbers as a result of using this method.

Avoiding Time-Consuming Errors

Even the tiniest error may cost you valuable time during tax season, which is why it’s important to be thorough. If it’s a basic arithmetic calculation, you probably won’t have to worry about it, but the more straightforward you can make things for IRS processors, the better off you’ll be in the long run. The same is true for your state tax returns, because you’ll most likely want to get your refund check as soon as possible as well. The easiest approach to prevent mistakes is to work with a tax preparer that comes highly recommended.

They can not only assist you in avoiding mistakes, but they may also find deductions and tax credits that you might not have discovered on your own otherwise.

If you have a straightforward tax return, you may most likely use the IRS’s free electronic filing program.

Review tax preparation software reviews to locate tax preparation software that matches your usability and functionality requirements when your situation becomes more complicated or if you simply want a more comprehensive solution.

Leave a Comment

Your email address will not be published. Required fields are marked *