Why My Tax Refund Is Delayed? (TOP 5 Tips)

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.

Are tax refunds running late?

  • It all depends The IRS is still estimating that 90% of people should receive their refunds within 21 days. If you file early, the IRS will hold your refund until February 15, and then begin processing your refund. So, you could see a delay until the middle to end of February.

Why is my 2020 refund taking so long?

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.

Is there a delay in tax refunds for 2020?

According to the IRS, 9 million taxpayers are still waiting for their 2020 tax refund. RALEIGH, N.C. (WTVD) — There are less than two months left in 2021, and according to the IRS, 9 million taxpayers are still waiting for their 2020 tax refund.

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.

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Why are my taxes still processing after 21 days?

But common causes for tax return processing and refund delays include: Includes errors or is incomplete, which means the IRS cannot validate or match your data to their records. Especially for key items like your or your spouse’s SSN, dependent data or missing fields needed to process your return (e.g income)

How long can the IRS hold my refund for review?

The IRS can go back through three years’ worth of returns, or up to six years if they find a serious error.

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.

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. Thank you for your patience. The IRS issues more than 9 out of 10 refunds in less than 21 days.

What do I do if I haven’t received my tax refund?

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 may be prompted to change your address online.

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Is the IRS holding refunds for 2021?

Congress passed a law that requires the IRS to HOLD all tax refunds that include the Earned Income Tax Credit (EITC) and Additional Child Tax Credit (ACTC) until February 15, 2021, regardless of how early the tax return was filed. The trouble is, the IRS will hold your entire tax refund, not just the EITC or ACTC part.

What does it mean when your refund status says still being processed?

After the tax return has been Accepted by the IRS (meaning only that they received the return) it will be in the Processing mode until the tax refund has been Approved and then an Issue Date will be available on the IRS website.

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.

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