Tax return delay

Why is my tax return so slow? Can the IRS keep delaying my tax refund? How many days does it take to get a tax return? When does tax return filing start? Over the last few years, identity theft related to taxes has exploded.

In order to reduce possible losses from identity theft, Congress passed a law that forces the IRS to delay issuing refunds for people claiming certain deductions (the ones most likely used by identity thieves).

Some refunds could take as little as days. This, of course, was before the coronavirus pandemic, so you should wait at least two or three weeks, from when the IRS accepts your return , to receive your refund. Indee taxpayers claiming the earned income and the additional child tax credits tend to be lower income. Other articles from cnbc.

If you filed your taxes electronically, your refund status should be available hours after the fact. As of right now, the delays may cost taxpayers around a week or longer than the estimated tax refund dates. The Division of Taxation does not currently anticipate significant delays in the processing of returns or refund approvals. The IRS can delay your tax refund until it completes any audits.

This is most common when the IRS is conducting a mail audit on your EITC or ACTC return from a prior year.

Normally, you’ll receive IRS Letter CPindicating that your refund is frozen until the IRS completes the audit. The law requires the IRS to hold the entire refund — even the portion not associated with the EITC or ACTC. Like previous years, some tax refunds may be held if there are questions about the tax return or the IRS needs more information. Prevent new tax liens from being imposed on you.

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Most taxpayers receive their refund within days of filing, but sometimes the check is not in the mail or deposited to your bank account as quickly as you would like. Often, delays in receiving tax refunds are caused by matters within your control. Once you become aware of the issues that cause delays , you can take steps to avoid them.

Filing an incomplete tax return. A common cause of delayed tax return processing, leading to delayed refunds, is missing information on the return. Failure to include basic information, such as the Social Security numbers of dependents, can significantly hold up a refund , according to Lee E. Hollan CPA, CFP, and former IRS agent. So, before you filed the taxes, whether by mail, paper or online, double-check everything and do a smart things to do with your Tax Refund.

If you make even one mistake, a tax refund won’t reach you in time.

The IRS urges taxpayers who are owed a refund to file as quickly as possible. You can electronically file now and set the future date for your taxes due to be drafted June 15.