Taxpayers may now stay up to speed on the status of their tax refund with the use of a new tool.
The “Where’s My Refund?” application is the most practical way to check the status of tax refunds for 2022, 2021, and 2020, according to the Internal Revenue Service (IRS).
Causes Of Tax Refund Delay
A taxpayer’s Social Security number or Individual Taxpayer Identification number, filing status, and the exact whole dollar amount of their anticipated refund from the original tax return for the year they’re reviewing are required fields on the “Where’s My Refund?” website.
A statement states that data for the most recent tax year filed is typically accessible within 24 hours of the IRS acknowledging receipt of a taxpayer’s electronically filed return. Taxpayers should wait four weeks before monitoring the progress if they filed a paper return.
There is no need to check more frequently because the IRS only updates the tool once each day. This stops people from calling the IRS unless the tool specifically asks them to do so in order to get updates. How do I find my refund? shows development through three stages:
- Return Received
- Refund Approved
- Refund Sent
Personalized refund information will be sent to taxpayers based on the state of their tax returns. Once the IRS processes the form and confirms the refund, the program will reveal a precise refund date.
Read more: IRS reminds taxpayers to file tax returns to avoid penalties
Other Possible Situation
Other causes for delays:
- The return might need more scrutiny.
- The Earned Income Tax Credit or Extra Child Tax Credit needs to be corrected.
- the interval between when the IRS issues the refund and when the bank posts it to an account.
If a taxpayer’s refund is less than anticipated, the IRS may have to amend the return. Corrections to the Earned Income Tax Credit or Child Tax Credit amounts, as well as an offset from all or part of the refund amount to pay back taxes or debts that are past due, could be included in these revisions. On the internet, you can find more details on decreased refunds.
As a reminder, the majority of taxpayers have until Tuesday, April 18 to complete their tax returns, pay any outstanding taxes, or ask for a filing extension. This manual offers more assistance.
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