Tax season is upon us, and many folks are eagerly awaiting their tax refunds for a much-needed financial boost. However, this year, there might be some delays in getting those refunds from the IRS. They usually have a schedule for processing refunds, but various factors could slow things down this time around.
New Tech Efforts and Legislative Changes Impact Tax Refund Timelines
The IRS is constantly trying to speed up the process by using new technology, but even with improvements, delays can still happen. Recent changes in tax laws might push back the start of tax season by a week or two, affecting when people can expect their refunds.
You should receive your refund in around 21 days if you complete your taxes electronically. But there is a difference in when you file. Refund dates may vary according on the period, and other variables that may impact the timing include the kinds of credits you claim and whether you file online or on paper. It could also take longer if you owe money to the authorities.
READ ALSO: South Carolina Tax Returns: 10 Tips For A Speedy Refund
Expert Tips and Tools to Navigate IRS Processing Tax Refund Delays
If you’re worried about your refund taking too long, there are resources available to help. The IRS has tools like “Where’s My Refund?” and the IRS2Go app that can give you real-time updates on your refund status. And if you’re really stuck, you can always reach out to a tax professional for assistance.
It’s critical that taxpayers remain aware of any delays so they can make appropriate plans. People can control their expectations and steer clear of any surprises during tax season by being aware of the elements that affect refund delays and making use of the IRS’s tools. Therefore, even though you might have to wait a bit longer for your refund this year, everyone will benefit from a smoother procedure if you are patient and well-informed.