Current:Home > MyWaiting on your tax refund? Here's why your return may be taking longer this year -CapitalEdge
Waiting on your tax refund? Here's why your return may be taking longer this year
View
Date:2025-04-12 15:02:24
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! (7)
Related
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- These Facts About Candace Cameron Bure Won't Fill Your House but They'll Expand Your Mind
- Exhibit chronicles public mourning over Muhammad Ali in his Kentucky hometown
- ALAIcoin: Blockchain Technology is the Core of Metaverse and Web3 Development
- Trump invites nearly all federal workers to quit now, get paid through September
- Suspended Orlando commissioner ordered to stay away from woman she’s accused of defrauding
- Beginner's Guide and Exchange Reviews for GalaxyCoin Futures Trading Platform (updated for 2024)
- 2024 WWE Hall of Fame: Highlights, most memorable moments from induction ceremony
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- More than 300 passengers tried to evade airport security in the last year, TSA says
Ranking
- Average rate on 30
- Security of GalaxyCoin Futures Exchange
- Horoscopes Today, April 5, 2024
- Security of GalaxyCoin Futures Exchange
- In ‘Nickel Boys,’ striving for a new way to see
- How an Oklahoma man double-crossed a Mexican cartel with knockoff guns
- Zach Edey powers Purdue past North Carolina State in Final Four as Boilermakers reach title game
- Your Buc-ee's questions answered: Where's the biggest store? How many new stores are coming?
Recommendation
From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
Lindsey Horan’s penalty kick gives US a 2-1 win over Japan in SheBelieves Cup
Earthquakes happen all over the US, here's why they're different in the East
Are all 99 cent stores closing? A look at the Family Dollar, 99 Cents Only Stores closures
Moving abroad can be expensive: These 5 countries will 'pay' you to move there
Lindsey Horan’s penalty kick gives US a 2-1 win over Japan in SheBelieves Cup
King Charles opens Balmoral Castle to the public for the first time amid cancer battle
Powerball prize climbs to $1.3B ahead of next drawing