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The IRS issued a total of $334.8 billion in income tax refunds through Dec. 29, down 6.9% from the same period in 2022. The total number of refunds was down 4.4%.
Your 2023 federal tax return is due Monday, April 15. Need an extension ? Fill out a request for an extra six months (Tuesday, Oct. 15) to complete your return.
Mathematically speaking, it doesn't make any sense to want a tax refund. After all, a tax refund is simply a return of taxes that you have overpaid during the year. This means that if you're ...
If you had to submit an amended tax return this year, you may be wondering how come you haven't received your tax refund yet. Due to IRS staffing shortages and an influx of amended returns, the ...
The IRS lists the following issues that might extend the tax refund processing time and delay your refund: Amended return refunds take about 16 weeks. You’re filing an injured spouse claim.
The IRS says it issues “more than nine out of 10 refunds in less than 21 days.” Allow time time for the refund check to reach your bank account or mailbox. Paper returns can take four weeks or ...
That additional due-diligence by the IRS means it could take longer for the agency to review your tax return. As context, the IRS said, as of Nov. 11, it was still processing 3.7 million ...
In June 2022, the IRS faced a record 20.5 million individual and business tax returns that still needed processing, the TIGTA found, and that figure declined by nearly half to 10.5 million by the ...
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