If you file too early, some of the tax forms you need may not be finalized for handling yet by the IRS. This delays your refund since the IRS won’t process a return until their software is ready to handle all necessary tax forms. The sudden glut of tax returns can cause processing delays.
Why is my tax refund taking so long?
- You made an error on your return
- You are claiming the earned income tax credit (EITC) or additional child tax credit.
- Your return is affected by fraud or identity theft
- You filed a paper tax return
Is there a delay in tax refunds for 2020?
Be aware that the IRS is still facing a backlog of unprocessed individual returns, 2020 returns with errors and amended returns that require corrections or special handling. And while refunds typically take around 21 days to process, the IRS says delays could be up to 120 days.
Why is my tax refund still delayed?
Your refund may be delayed if you made math errors or if you forgot to sign your return or include your Social Security number. It may also be delayed if your dependents’ information doesn’t match IRS records, or if you left out a corresponding schedule or form to support a deduction or credit, says Pickering.
Why is my IRS refund delayed 2020?
As the return is processed, whether it was filed electronically or on paper, it may be delayed because it has a mistake including errors concerning the Recovery Rebate Credit, missing information, or suspected identity theft or fraud.
Why have I not received my tax refund 2021?
If you were expecting a federal tax refund and did not receive it, check the IRS’ Where’s My Refund page. You’ll need to enter your Social Security number, filing status, and the exact whole dollar amount of your refund. You can also call the IRS to check on the status of your refund.
Are refunds taking longer this year?
COVID-19 Processing Delays It’s taking us longer than normal to process mailed correspondence and more than 21 days to issue refunds for certain mailed and e-filed 2020 tax returns that require review. However, it’s possible your tax return may require additional review and take longer.
Is the IRS behind on refunds 2020?
The Covid pandemic caused a backlog of almost 8 million paper-filed business tax returns at the end of 2020, according to the Treasury Inspector General for Tax Administration. That’s a 3,230% increase relative to the same time in 2019, the watchdog said.
Can I call the IRS about my refund?
Call us at 800-829-1954 (toll-free) and either use the automated system or speak with a representative.
How Long Can IRS hold your refund?
After 60 days, you’d need to file an amended return to reverse any errors and get your refund back. If the IRS thinks you claimed erroneous deductions or credits, the IRS can hold your refund.
Is IRS still backlogged?
The IRS Is Still Processing Returns Filed During the 2021 Filing Season. Despite these challenges, the IRS has made significant progress in reducing the size of the backlogged inventory; however, millions of returns have yet to be processed, meaning millions of taxpayers are still awaiting their refunds.
Can I sue the IRS for holding my refund?
Generally, if you fully paid the tax and the IRS denies your tax refund claim, or if the IRS takes no action on the claim within six months, then you may file a refund suit. You can file a suit in a United States District Court or the United States Court of Federal Claims.