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The IRS began processing refunds after the April tax deadline. With an average refund hovering around $2,950, this annual injection of funds can be significant for many households.
IRS tax refund delays continue, with millions of people still waiting for their check or direct deposit. Waiting on your IRS refund? You aren't alone. Nearly 15 million people are waiting too.
1. Filing Mistakes: Small Errors, Big Delays. Even minor inaccuracies on your tax return can lead to significant processing delays. The IRS flags errors for manual review, slowing down your refund.
Reasons for refund delays. Collins told the Free Press that millions of taxpayers face challenging delays this year because of an inventory backlog at the IRS carried over into 2022.
The IRS received 167 million calls during the 2021 tax season, almost quadruple the number it received during the 2018 tax season. At peak times,1,500 calls came in per second. Unsurprisingly, the ...
How long a delay? The IRS says nine of 10 tax refunds are issued in less than 21 days. However, as of mid-May the agency had yet to process almost 5 million taxpayer returns.
With delays across the country, people looked to the IRS's Where's My Refund tool to find information on their pending refunds. (For the 2021 filing season, the IRS processed 96 million refunds ...