Americans are working quickly to get their tax returns into the IRS for their refunds as soon as possible. Many aren’t getting them when they thought they would.
There are different reasons for why your refund may be delayed, including there being an error on your tax return.
3 out of every 4 Americans receive a refund from the IRS every year, according to Marca.
This year, there is wide spread worry that the same kind of delays will happen that happened in 2020 and 2021.
The IRS started accepting tax returns on Jan. 24, 2022.
On Dec. 31, 2021, the IRS still had 6 million individual tax returns they had not yet processed.
When will I get my refund from the IRS?
Most people will see their refunds within 21 days of filing their tax return.
Many have already received refunds.
When you get it depends on how quick the IRS processes your return.
If you e-file, it will get to the IRS much quicker than sending a paper return.
Choosing direct deposit over a paper check will help you see refunds quicker as well.
Why might my refund be delayed?
The 21 day estimate is for those with simpler returns.
If you claimed the earned income tax credit or child tax credit you will see a delay.
The reason for this is because these credits deal with a lot of fraud, so regulations delay the refunds being sent.
Many returns filed on Jan. 24 with either of these tax credits claimed will see their refunds by mid-February at the earliest.
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