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In 2020, the IRS’ fraud filters flagged 5.2 million refunds for review — and that includes millions that were perfectly legitimate, according to the Taxpayer Advocate Service.
Reasons for delay. You filed a paper return. ... If you are amending a tax return from the 2020, 2021, or 2022 tax season, you can file your amended return electronically.
The IRS prevented $2.7 billion in refunds from going out to fraudsters, but in the process, some legitimate tax returns were also delayed, the Taxpayer Advocate Service reported.
Find Out: Tax Year Deadline Dates You Need To Know. However, you can estimate when you’ll receive your funds. The IRS issues most refunds less than 21 days after filing, according to the agency ...
At the end of the 2021 tax filing season, the agency held 35.3 million individual and business tax returns for manual processing. Millions of tax refunds may be delayed as IRS backlog swells ...
What to Do if You’re Still Waiting. The first step is to make sure the IRS has actually received your return. You can track your return using the Where’s My Refund feature on the IRS website ...
The IRS is aiming to get refunds out faster in 2020, according to the Taxpayer Advocate, but to make sure your refund doesn't get delayed, follow these tips.
The IRS is paying interest on delayed refunds. From April 1 through June 30, the agency is using a 4% interest rate for individuals who face refund delays. But the rate is set to go up to 5% on ...