Current:Home > MyWaiting on your tax refund? Here's why your return may be taking longer this year -MoneyMatrix
Waiting on your tax refund? Here's why your return may be taking longer this year
EchoSense View
Date:2025-04-06 22:33:16
While patience may be a virtue, the Internal Revenue Service has a way of reaching a person's limits of virtuosity.
Tax season is entering crunch time — with the deadline just over three weeks away — and people who filed earlier in the window may wonder why a return is taking so long to process.
The IRS has received 1.7% fewer returns this tax season but has processed 2% fewer returns this year compared to 2023, according to Forbes.
This year's tax filing window is narrower as it opened a week later and will close nine days sooner than in 2023.
Here's why your tax return may be delayed.
How long does a tax return take to process?
The IRS says that most refunds are issued within 21 days of being received.
The Revenue Service offers the "Where's my Refund" tool where filers can check the status of their returns.
The tool updates once a day.
What could be delaying my tax return?
The IRS says that tax returns can be delayed for the following reasons:
- It was sent by mail
- It contains errors or is incomplete
- It needs further review
- It is affected by identity theft or fraud
- It was referred to the IRS by the bank due to suspicious activity
- It includes an Injured Spouse Allocation form, which could take up to 14 weeks to process
What is the average tax refund?
The average tax refund issued by the IRS as of March 1 is $3,182, a 5.1% increase compared to the similar filling period in 2023. The trend may not hold as refund amounts dropped 13% between March and April, according to Barrons.
veryGood! (98685)
Related
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Today’s Climate: May 31, 2010
- The Truth About Queen Camilla's Life Before She Ended Up With King Charles III
- How the Love & Death Costumes Hide the Deep, Dark Secret of the True Crime Story
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Below Deck Alum Kate Chastain Gives Birth, Welcomes First Baby
- Mother of 6-year-old boy who shot his Virginia teacher faces two new federal charges
- SEC sues crypto giant Binance, alleging it operated an illegal exchange
- The White House is cracking down on overdraft fees
- The government will no longer be sending free COVID-19 tests to Americans
Ranking
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- The Michigan supreme court set to decide whether voters see abortion on the ballot
- Breaking Down the British Line of Succession Ahead of King Charles III's Coronation
- Patient satisfaction surveys fail to track how well hospitals treat people of color
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- 4 ways to make your workout actually fun, according to behavioral scientists
- Atlanta City Council OK's funds for police and firefighter training center critics call Cop City
- TikToker and Dad of 3 Bobby Moudy Dead by Suicide at Age 46
Recommendation
Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
As Snow Disappears, A Family of Dogsled Racers in Wisconsin Can’t Agree Why
TikToker and Dad of 3 Bobby Moudy Dead by Suicide at Age 46
75 Business Leaders Lobbied Congress for Carbon Pricing. Did Republicans Listen?
Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
Canada’s Tar Sands Pipelines Navigate a Tougher Political Landscape
Hunger advocates want free school meals for all kids. It's tough sell in Congress
Paris gets a non-alcoholic wine shop. Will the French drink it?