Americans, there is good news! You no longer have to wait until 2020 to obtain your tax refund. At least not for the foreseeable future.
According to the IRS’s most recent statement, a total of 6.3 million tax returns are still pending processing. According to the IRS, they are “concentrating on more difficult returns” and will continue to process returns into the next calendar year.
At the moment, they are attempting to cope with a backlog of inaccuracies and corrected returns. This includes mistakes with regard to the Recovery Rebate Credit, missing information, and suspicions of identity theft among other things.
If the Internal Revenue Service (IRS) requires specific information from an American taxpayer, they will send them a letter.
Although the IRS previously said that it will remedy problems under its unemployment compensation exclusion corrections returns area, it appears that they have removed that portion of the update from their website.
The IRS appears to have distributed refunds for the last time in November 2021, based on the information currently available. They made 430,000 payments to taxpayers, totaling more than $510 million in value. The total amount of each individual payment was $1,189.
Please see the following sections if you have not yet received your refund and want to check on its status.
Read More: Taxpayers Will Begin to Receive $5,200 in Bonuses From IRS in 2022
To start, you can utilize the IRS’s “Where’s my refund” feature to locate your refund. You also have the option to verify the progress of your refund by logging onto your agency’s website and looking at your online account information.
If you believe it has been too long since your last tax return, you can contact the Internal Revenue Service at 1-800-829-1040. It’s possible that you’ll have to prepare to spend a significant amount of time on the phone due to excessive client wait times.
It is the year 2022, and you should file for a tax refund.
Despite the fact that the holidays are past, we are still receiving gifts! Because we’re still at the beginning of the new year, it’s safe to say that tax season has arrived.
Many people were concerned that the COVID-19 epidemic, particularly with the omicron variant taking hold of our life, would create significant delays in the distribution of tax returns. This fear proved correct. But, fortunately, everything is still running on schedule.
The 15th of April is traditionally the deadline for filing tax returns. However, this year, Emancipation Day falls on the same day as that date. This is a holiday that is observed in Washington, DC.
The majority of businesses and government offices in the state close their doors on this day. As of April 18, the deadline for filing individual tax returns and paying tax obligations has been extended to accommodate Emancipation Day celebrations. So keep that in mind and make a note of it on your calendars!
The following procedures, according to IRS officials, should be taken to ensure a smooth and hassle-free tax return process.
- File electronically and make use of direct deposit to save time.
- There is no need to call the IRS if you have the most up-to-date tax information, including the most recent Economic Impact Payments, available on IRS.gov.
- Participants in the Recovery Rebate Credit who may have been eligible for stimulus payments but did not receive them or only received a partial payment should carefully consider the rules for eligibility for the Recovery Rebate Credit.
- Advance stimulus payments received separately are not taxable, and they do not diminish the amount of a taxpayer’s return when they submit their taxes the following year.
- Your tax return is due on October 17 if you apply for a tax extension by April 18..