Why is my tax refund still delayed?
Here’s a list of reasons your income tax refund might be delayed: Your tax return has errors. You filed for the earned income tax credit or additional child tax credit. Your return needs further review.
Is the IRS taking longer for refunds?
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.
How do I know if my refund is under review?
If the IRS decides that your return merits a second glance, you’ll be issued a CP05 Notice. This notice lets you know that your return is being reviewed to verify any or all of the following: Your income. Your tax withholding.
Is there a backlog of tax refunds for 2020?
MILLIONS of Americans have been left furious over months-long delays to their 2020 tax refunds. A report by the Taxpayer Advocate Service in June revealed that the Internal Revenue Service (IRS) was dealing with a backlog of around 35 million unprocessed returns.
How many people are still waiting for a tax refund?
IRS backlog has grown to 35 million returns Still waiting for a tax refund? A growing backlog of unprocessed tax returns now stands at 35 million, creating ongoing refund delays for millions of taxpayers, the National Taxpayer Advocate said in a recent report.
Why did the IRS delay issuing tax refunds?
The delays in issuing refunds this year are “unavoidable” given the complexity of the tax changes authorized by several stimulus packages over the course of last year and this year, which included three rounds of stimulus checks and new tax credits, Collins said.
How long does it take to get tax refund from IRS?
Typically, the IRS sends most refunds within three weeks of taxpayers filing their return. But this year is complicated by several issues, including a backlog of 2019 paper tax returns that the IRS was unable to process after shuttering its offices during the coronavirus pandemic.