A pushed-to-the-limit Internal Revenue Service and perplexing tax rules are leaving millions of taxpayers waiting and wondering just when they’ll get their hands on much-needed tax refund cash.
How long do you have to wait for your tax refund?
For some early filers, the wait for a tax refund has been six weeks to eight weeks already — far longer than a typical wait of 21 days or less — after filing their 2020 income tax returns in February or March. “Is the car going to break down before the money gets here?”
When do you need to worry about your tax return?
That time frame can expand significantly – to two months or more – if you file a paper return and request a paper check. The process can take longer if there are mistakes on your return, if the income you reported doesn’t match up with the W-2s or 1099s the IRS received for you, or if your return was affected by recent tax law changes.
Why does the IRS not allow you to file a tax return?
“The IRS won’t allow you to file your return because another one has been filed under your Social Security number.” The IRS must also wait until a certain date to process and issue refunds to taxpayers claiming the earned income tax credit or the additional child tax credit.
Millions of Americans have no information about when their federal tax refunds could arrive. “There are a lot of factors that are slowing a lot of tax returns down. Some early filers hadn’t received their second stimulus, but after they filed, shortly after they filed, they did receive it, and now the IRS has to adjust that refund.
Is the IRS still processing mailed in tax returns?
Only the IRS & State would know when you will receive your refund. It is taking the IRS longer to process returns since they are closed. They are still processing e-filed returns but the 21 days (business days) is not the standard now due to Covid-19. The IRS is not processing mailed in returns at this time.
What happens if tt tells you the IRS has accepted your filing?
But if TT told you the IRS has Accepted your filing, then the government has it for processing, and TT receives no further updates. Lots of other folks are still waiting, so please continue to be patient.
When do I get my tax refund if I filed in March?
I filed my taxes in March but have not yet received my refund . Only the IRS controls when and if a tax refund is Approved and Sent. Call the IRS: 1-800-829-1040 hours 7 AM – 7 PM local time Monday-Friday. When calling the IRS do NOT choose the first option re: “Refund”, or it will send you to an automated phone line.