When to expect your IRS tax refund, and how to track your money

When to expect your IRS tax refund, and how to track your money

Still waiting on your tax refund? Unfortunately, it could take a few months to arrive. The IRS is experiencing long processing times for a number of reasons, including the manual processing of millions of tax returns. The agency is also busy sending out weekly batches of stimulus payments and recalculating taxes paid on jobless benefits, since those who are eligible for tax unemployment refunds could get them soon.

So how do you check on the status of your tax refund online? With two IRS tools, you can see if there’s an issue with your refund or if it’s on its way. (You could also call the IRS for help, but that’s pretty iffy.) Also, we’ll tell you what it means if you’ve received a direct deposit labeled “IRS TREAS 310.”

There are also ways to track your third stimulus check if that hasn’t arrived. Or you might want to check if the government has back wages you need to claim. If you have children, here’s how to calculate how much money you could get through the expanded child tax credit payments this year, which are set to begin on July 15. We update this story regularly.

 Why are there so many tax refund delays this year?

Because of the pandemic, the IRS ran at limited capacity in 2020, which put a strain on its ability to process tax returns and send out stimulus checks. The IRS is open again and processing mail, tax returns, payments, refunds and correspondence, the agency said, but the pandemic continues to cause delays in some services.

The IRS said it’s issuing most refunds in less than 21 days right now but some are taking longer, including for mailed paper tax returns. The IRS said it’s also taking longer than 21 days to issue refunds for some 2020 tax returns that require review, such as determining recovery rebate credit amounts for the first and second stimulus checks or figuring earned income tax credit and additional child tax credit amounts.

Here’s a list of reasons your refund might be delayed: 

  • Your tax return has errors.
  • It’s incomplete.
  • Your refund has been affected by identity theft or fraud.
  • You filed for the earned income tax credit or additional child tax credit.
  • Your return needs further review.
  • Your return includes Form 8379 (PDF), injured spouse allocation — this could take 14 weeks to process.

Check the status of your tax refund online, here’s how

To check the status of your income tax refund using the IRS trackers, you need several things on hand: Your Social Security number or Individual Taxpayer Identification Number, your filing status — single, married or head of household — and your refund amount in whole dollars, which you can find on your tax return. Also, make sure it’s been at least 24 hours before you try tracking your refund.

Using the IRS tool Where’s My Refund, enter your SSN or ITIN, your filing status and your exact refund amount, then press Submit. If you entered your information correctly, you’ll be taken to a page that shows your refund status. If not, you may be asked to verify your personal tax data and try again. If all the information looks correct, you’ll need to enter the date you filed your taxes, along with whether you filed electronically or on paper.

The IRS also has a mobile app called IRS2Go that checks your tax refund status. The IRS updates the data in this tool overnight, so if you don’t see a status change after 24 hours or more, check back the following day….Read more>>



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