One group of Americans will finally see their 2021 tax returns processed by the IRS this week after a long delay.
Pandemic issues as well as understaffing and underfunding have created some major delays is people seeing their returns processed.
Now, people with an error-free tax return that has yet to be processed will finally see that done.
The IRS and delayed tax returns
As of June 10, 2022, over 4.5 million of the 4.7 million tax returns filed in 2021 had been processed.
Depending on how you filed your tax return determines when you will see your tax refund.
Normally, refunds are issued within 21 days of the return being processed if it was electronic.
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For paper returns, it could take 6 to 8 weeks.
If you needed to correct your recovery rebate credit, earned income tax credit, or child tax credit, it could add 90 to 120 days.
Those who chose direct deposit will also see their refund faster following processing by the IRS.
As of June 10, 360,000 tax returns with errors still needed processing, which is an improvement.
At the same time last year, that number was 8.9 million.
Technology now allows 180 to 240 returns per hour to be corrected.
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