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Millions of Americans could receive their tax refunds more quickly in coming years as the Internal Revenue Service brings its technology further into the 21st century.
Most individual income tax returns for the 2023 tax year are due to the Internal Revenue Service on April 15, 2024. Taxpayers need to file a Form 1040 (or Form 1040-SR, for older adults) and pay ...
The IRS had a backlog of 21.3 million unprocessed paper tax returns by the end of May, an increase of 1.3 million over the same time last year, according to the report issued Wednesday by the ...
The IRS added more customer service representatives, ... should bolster return-processing time and get refunds out faster for some taxpayers. ... delaying the disbursement of tax refunds to many ...
According to the IRS, most refunds are issued within 21 days of the tax return being received, especially for those who file electronically and choose direct deposit for their refunds.
For 9 out of 10 tax filers, the IRS reports that refunds are received within 21 days of processing the tax return. If you choose direct deposit as your payment method, you can expect your tax ...
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