Is IRS behind on refunds 2022?
The COVID-19 pandemic, a backlog of returns from last year and a worker shortage may add up to long delays. PROCTORVILLE, Ohio (WSAZ) – According to the IRS, as of April 29, 2022, there were more than 9.6 million unprocessed individual returns which include returns received before 2022, and new tax year 2021 returns.
What is taking the IRS so long to process refunds 2021?
Some returns are taking longer because of corrections needed that are related to the earned-income tax credit and the pandemic-related stimulus payments (officially termed a “Recovery Rebate Credit”).
How long can the IRS hold your refund for review?
The IRS can go back through three years’ worth of returns or review up to six years if they find a serious error.
Why is my refund still processing 2022?
For the 2022 tax season in particular, it does seem the IRS is having issues with reconciling and adjusting returns with advance Child Tax Credit (CTC) payments for certain groups of tax filers, which is resulting in them seeing extended refund processing delays.
How backlogged is the IRS right now?
“IRS began the filing season with a backlog of 8 million individual and business returns from the prior year that it processed alongside incoming returns,” said the report. “IRS reduced the backlog of prior year returns, but as of late December 2021, had about 10.5 million returns to process from 2021.
Why is my refund still being processed?
If you’re still waiting on your tax refund, it’s possible that your tax return is taking longer for the IRS to process because it requires additional review. There are several reasons why your tax return may be delayed: Errors such as an incomplete filing status. Missing information.
Is the IRS behind on refunds?
COVID-19 Processing Delays The IRS issues more than 9 out of 10 refunds in less than 21 days. However, it’s possible your tax return may require additional review and take longer.
Why is my 2020 refund taking so long?
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.
How far behind is the IRS on refunds 2020?
The IRS issues more than 9 out of 10 refunds in less than 21 days. However, it’s possible your tax return may require additional review and take longer.