If there are any mistakes, or if you submitted a claim for the earned income tax credit or the child tax credit, you may have to wait a long time. The IRS says e-filing is the easiest way to ensure your return and any refund are processed promptly. Its all because of the Protecting Americans from Tax Hikes Act of 2015 (PATH Act). Once they get the notification, they have 60 days to reply before it is turned over to the agencys collection section. How long will it take for you to get your federal refund? The start of this year's tax season which takes place earlier than last year's February 12 opening signals the IRS is now accepting and processing 2021 tax returns. You should also be able to check on your state refund status at your states revenue department website or by phone. Jacks got amenities youll actually use. If you filed electronically or mailed your return by January 31 (before the February 1 deadline) this year, you should be able to check your refund date using our Wheres My Refund? Your Tax Return Is Still Being Processed Takeaways So there you have it folks! The IRS says most e-filed tax refunds are direct deposited into taxpayer bank accounts in as little as 10 days. Congress passed legislation requiring this delay to allow time to verify income levels and other information claimed on these returns. Make sure youre frequently checking if you want to know the status of your refund check. The IRS has announced it will start accepting tax returns on January 23, 2023 (as we predicted as far back as October 2022). WebCommunity Experts online right now. The time frame could be two days or two months! The IRS stated at the beginning of the month that it had 8.5 million unprocessed individual returns, including 2020 filings with problems and modified returns During normal business hours, you may reach us at 800-829-1040 or 800-829-8374. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. In addition to routine anti-fraud measures like comparing tax return data against third-party source documents such as W-2 forms and addresses with postal records, theyve added extra layers of security, including, You can track your refund status using Wheres My Refund? You should wait until they are done reviewing everything before getting excited about receiving an immediate update on your refund status. Taxpayers who dont have all of the paperwork needed in order to file their taxes can easily file an extension form,Form 4868, Application for Automatic Extension of Time to File U.S. This year, millions of Americans have received perplexing IRS math-error notifications indicating that they owe extra taxes. The IRS has your return. You can also use our free. Why would you get your refund through snail mail? This message should be accompanied by Tax Topic No. Go to the Get Refund Status page of the IRS tool Wheres My Refund, input your SSN or ITIN, filing status, and precise refund amount, then click Submit. WebFiled 2/21/20 Accepted 2/21/20 Status change 3/2/20: Status Bars disappeared and status changed to: "Your tax return is still being processed. If it requires more information, it will send you a letter. Manage Settings Due to the pandemic, the IRS operated at a reduced capacity in 2020, putting a burden on its ability to process tax returns and creating a backlog. tax refund status "Your tax return is still being processed. However, note that taxpayers with the Earned Income Tax Credit or Child Tax Credit generally have their refunds delayed by about one month while the IRS confirms eligibility for these credits. This would also apply to those who received an automatic adjustment or a refund as a result of the March law on tax-free unemployment payments. Everyone wants their refund as soon as possible. The IRS has issued 27.8 million refunds to date this year, about 26% more than the 22 million sent in 2022. If you disagree with the amount, you may contact the IRS to have a representative examine your account. Required fields are marked *. The message will change once again to Refund Sent once the funds are on their way to your account. I recommend you look into the following legal terms and concepts. They may also be linked to a tax adjustment for a number of problems discovered by the IRS throughout the processing process. IRS started accepting returns on January 23, 2023. This implies that if the IRS takes the entire 21 days to issue your check and your bank takes five days to post it, you may be out of money for a total of 26 days. Allec Media LLC Depending on how you file your return will affect the amount of time the IRS will need to process your return. The IRS now offers a smartphone app called IRS2Go that allows you to check the status of your tax refund; it is accessible in both English and Spanish. You have entered an incorrect email address! Note that if a person will owe taxes with the tax return, it is still that taxpayers obligation to pay those taxes by April 18, 2023,even if an extensionto file has been requested. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); document.getElementById( "ak_js_3" ).setAttribute( "value", ( new Date() ).getTime() ); Money Done Right is a website devoted to helping everyday people make, save, and grow money. Hello Nation! In most cases, your tax refund will be processed within 21 days. As of July 15, The IRS Started Accepting Returns on Jan. 23. This is not a systemic problem, an error or a delay, an IRS spokesperson told Fast Company. The IRS says e-filing is the easiest way to ensure your return and any refund are processed promptly. Theres really nothing else you can to do expedite the processing of your return. You claimed the earned income tax credit or the extra child tax credit. Even so, dont be surprised if your refund is delayed. If youve filed your tax return online, you can expect to already start seeing the status of your return within twenty-four hours. Click the link below to read all about it. Stay updated with smart tax tips to help you file your return, track your refund and get the most money back. This means the IRS has processed your return and has approved your refund. Personal Finance, Government and Policy, Consumer Affairs, Why Your Tax Refund Could Be Smaller This Year, Do Not Sell or Share My Personal Information. Exactly mean? Wow, incredible weblog format! Millions of Americans have filed a tax return are now waiting for their tax return to be processed and refund payment to be made. On the plus side, refunds are getting bigger as the tax season goes on: On Feb. 10, the average amount the federal government gave taxpayers back was only $1,997. April 17 is also Patriots Day, a state holiday in Maine and Massachusetts. The message might be annoying if it keeps popping up over and over again, but it actually carries good news. My refund has been filed and accepted for over 21 days but according to IRS it's still being processed what does this mean if anything? Logan is a practicing CPA and founder of Choice Tax Relief and Money Done Right. Come inside to our Social Lounge where the Seattle Freeze is just a myth and youll actually want to hang. Over 97% of the 36.9 million tax returns submitted so far in 2023 have been filed electronically. According to the IRS, most tax refunds are issued within 21 calendar days from the In case of emergency, parents should log in to the IRS site to ensure that the agency has the proper banking information. The Refund Status section displays the same message before a tax return is received, so dont panic if you see this message a day or two after filing your tax return. In this video, we answer the most frequently asked questions about the "Your tax return is still being processed. Typos, incorrectly written total and taxable income sums, and additional identity verification can all explain why this message is displayed in the Refund Status section. What is the source of the huge IRS backlog and delays? You can check on your federal refund status 24 hours after receiving an e-filed acknowledgment or four weeks after mailing a paper return by visiting the refund option on the IRS. You should also keep in mind that the IRS lacks the manpower to deal with all tax returns with the same level of efficiency and that the tax refund is still being processed message could simply mean that the IRS needs more than three weeks to issue the Refund. On the other hand, if you filed your tax return by mailing it in, you can expect to see the status of your refund within four weeks. Congress passed legislation. Dan is a writer on CNET's How-To team. If you cant file your taxes by April 18, keep reading below about how you can file an automatic extension, which gives you an additional six months to file. All rights reserved. On Feb. 10, the IRS was 48.4% ahead of where it was last year in sending out refunds. Suppose its been longer than eight weeks since you mailed a paper return but have not received anything from the IRS about your refund. However, in case you have not received your tax refund and your tax return is still being processed, it may be caused by the IRS processing delays (as it was warned). Even though the IRS issues most refunds in What Return Being Processed Status Really Means, UPDATE 1-US natgas futures rise 2% to one-month high again on colder forecasts, Judges nixes shareholder claims against McDonald's directors, Dish Network still reeling from week-old ransomware attack, EMERGING MARKETS-Chile's peso leads Latam FX higher on economic data, China-fueled optimism, Starbucks Faces New Front in Its Labor Disputes: White-Collar Workers. What does being processed mean? He is a crossword junkie and is interested in the intersection of tech and marginalized communities. Many arithmetic mistake notifications are imprecise and do not properly convey the severity of the issue, according to the Taxpayer Advocate Service. Also, be prepared to stay online for a long time before someone answers your call. The IRS notifies all taxpayers via mail before initiating an audit. Its best to wait for a few weeks before contacting the IRS to inquire about the status of your tax return. The IRS is behind in processing nearly 7 million tax returns, slowing refunds as it implements new stimulus The agency has a backlog of returns that have not been processed for weeks. When the IRS begins to process your return, the status will read being processed. This means that they have everything they need from you, and now it is their turn to do what they need to do with your information before sending you your refund check or deposit. First, its important to note that if you have already filed your income tax return, youll need to be patient and wait for your refund to come. 1 While our team is comprised of personal finance pros with various areas of expertise, nothing can replace professional financial, tax, or legal advice. The IRS has announced it will start accepting tax returns on January 23, 2023 (as we predicted as far back as October 2022). Individual Income Tax Return. (Link to IRS Form 4868.) Here is a list of possible reasons why your income tax refund may be delayed: The IRS will give you an explanation if the delay is due to a required tax adjustment made to a recovery rebate credit, earned income tax credit, or extra child tax credit claimed on your return. We will provide a personalized refund date as soon as we determine one. the tax codes are for if the irs is not going to use them, because if you are being reviewed is there not a tax code for this or if they require further identification is there not a code for that, some of the lucky few get there bars back and a ddd(direct deposit date) but for those who dont, we should have a explanation and we shouldnt have to track down a answers amongst each other and who ever we filed threw should try hard to track down a answer for us because if there are like hundreads of threads and thousands asking STOP GIVING US THE SAME INFO WE ALREADY HAVE I WOULD RATHER NOT BE TREATED LIKE IM NOT SMART ENOUGH TO READ THEVERY VAGUEEXPLANATION THE IRS GAVE US REAPTED TO ME. Your return might also be put on hold if the IRS is taking longer than expected to If you havent filed your tax return yet and are wondering how long it may take to get your refund when you do file, youre not the only one looking for the answer. tool to verify the status of your return online. What Return Being Processed Status Really Means. Effective crypto trading habits to adopt in 2023, How Marketing Automation Can Increase Marketing ROI, What Does 4 Fingers Mean in General, Tiktok & Snapchat | Holding it up, How to Remember Every Game of Thrones Character. An accountant will help you manage your finances and assure that your business is, | Founded by Dom Lucre | Designed by SEO Help Me. Your best chance of Mine was in that status since March 1 and still is. Ask Your Question Fast! At this point I would say sit tight for at least four to six weeks, Samuels said. Youll be able to view the total amount you owe, your payment history, important information about your most recent tax return, notifications youve received from the IRS, and your address on file via your own customized account. If you get your tax return through direct deposit, the transaction may be identified as IRS TREAS 310. The IRS website says, "Your tax return is being processed." After that, you may want to call the IRS to find out whats going on.. Status change 3/7/20: Refund will be sent 3/11/20 Dont sweat it unless its been 21+ days from acceptance 5 [deleted] 3 yr. ago Looking for Your Tax Return Is Still Being Processed? Opinions, reviews, analyses & recommendations are the authors alone, and have not been reviewed, endorsed or approved by any of these entities. Depression When Did Wellbutrin Start Working For You? What do I need to know? Wheres My Refund? Also, if you have filed Form 8379 (Injured Spouse Allocation), you can expect longer processing delays that can go up to 14 weeks. If you do not meet the above conditions, you may not get any value in calling the IRS as their customer service representative will not have any further information to offer you. Still Being Processed. For example, this year, theres been a delay in processing paper returns due to efforts to fight fraud and identity theft, which means that taxpayers who file on paper may see longer wait times for their refunds. 2023 Firmworks, LLC. *** = Filing during peak season can result in slightly longer waits. Here are some of the common reasons why your tax return may be delayed: Other reasons may be that you have a claim for an earned income tax credit or additional child tax credit that must be processed. During this time, you can use the Wheres My Refund? If youve had major income changes this year, had a child, got married or divorced, retired, bought a house, or changed investments, or made any other really significant life changes, you should definitely seek the advice of a tax professional like a CPA or EA in order to make sure you are complying with tax laws and also taking advantage of new changes that could benefit you. On this blog, I provide you with golden nuggets of information about lawyers, attorneys, the law and legal theories. If you have filed your return in paper format, you should wait at least 6 weeks before you call the IRS. This issue can signify that the IRS has not yet approved your tax return. Ill also tell you how you can get your tax return much faster!! The next update will be Wednesdaysmh..if nothing is updated to call back to find out what additional information is needed. For the third year in a row, the IRS is experiencing a delay in processing paper returns. It also suggests that taxpayers seek in-person assistance at Taxpayer Assistance Centers. It is not intended to provide legal advice or opinions of any kind. One bit of great news is that the IRS has been processing tax returns this year even faster than in the last few years, when it was still struggling to overcome issues related to the pandemic. If your bars disappear on where's my refund and your amount is still showing and it went from being processed to still Ask an Expert Tax Questions ToyinK - CPA, Certified Public 140 Satisfied Customers Expert ToyinK - CPA is online now Continue Related Tax Questions Question about my taxes. In most cases, the tax refund is still being processed message will be upgraded as soon as the IRS agent resolves the issue that caused the delay. The messages youll see will be the same regardless of the tool you use to check the status of your Refund. Ask Your Question Fast! Approved means that your request and refund amount has been approved. And as tax day approaches this year, you might be asking yourself: how long should my refund take? There's absolutely no reason to necessarily think that you're under review or that an audit is pending, so please don't worry. The "processing" message you see is perfectly normal. In fact, the messages and bars on the IRS.gov's " Where's My Refund " webpage change all of the time; and sometimes the same message is displayed continuously. If it still says "processing" that's actually a good thing. As of Feb. 10, the IRS received 9.1% more returns than last year. If your IRS income tax refund is delayed after youve filed, ask your tax professional, or simply use the Wheres My Refund? tool on the IRS website to check the status of your refund. About 41% of those were prepared by tax professionals, the remainder were self-prepared. Here are the most common reasons why your tax refund processing are delayed: Due to IRS backlog Your tax return includes errors Your tax return Is incomplete tool says Your return is being processed, it might be worth a call to the IRS. Taxpayers who attempt to withhold wages or claim refundable tax credits theyre not eligible for usually receive a letter from the IRS with the list of additional documents they must submit. Although vague, the message implies that the IRS needs over three weeks to issue a refund. However, its rates, fees, and loan terms are not disclosed on, Most people are financially secure by the time they are forty and some are even at their peak earning stage. contains information on the most recent tax refund that the IRS has on file within the last two years, so if youre searching for return information from prior years, check your IRS online account. This message usually disappears after a while if the IRS doesnt need any additional documents from the taxpayer to resolve the issue. Listed below are possible reasons why your tax refund status bar may disappear. This message could indicate a pending audit only if the taxpayer receives an audit letter requesting additional information. So, if your tax return is being processed, youll likely receive your Refund on time, while the still-being-processed message suggests that the Refund is delayed for one reason or the other. However, if they exceed their administrative delays, the IRS may owe you interest on your refund. I never get through to a live agent. Calling the IRS at 1-800-829-1040 (Wait times to speak to a representative may be long.) A refund date will be provided when available.". As of Feb. 17, the IRS has processed 36.7 million federal income tax returns, a 9.9% increase from the 33.5 million it got through this time last year. How To Remove LVNV Funding LLC? claim refundable tax credits theyre not eligible for. From the beginning of the year through the end of August, the IRS issued almost 11 million of these notifications. Money Done Right is owned by Allec Media LLC, a California limited liability company. For example, this year, theres been a delay in processing paper returns due to efforts to fight fraud and identity theft, which means that taxpayers who file on paper may see longer wait times for their refunds. Read on:Why Your Tax Refund Could Be Smaller This Year. Conditions apply. Here are a few things you can do to speed up the process so you can have the tax refund hit your account as soon as possible: Here are a few tips and suggestions given by the IRS to help you get your return faster: Lets look at a few common questions asked related to the meaning of your tax return is still being processed. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. The agency has processed close to 37 million 2022 federal income tax returns since Feb. 17, about 10% more returns than it completed this time last year. Sent means that your refund check was sent or direct deposit sent to your bank. If the taxpayer is claiming certain credits (especially EITC and CTC), Whether the return is e-filed or sent by mail, Whether the taxpayer has existing debts to the federal government. In most instances, taxpayers may only exercise patience since the tax office is difficult to contact. However, financial planning becomes all, When traveling to a foreign country, its important to be aware of the currency and how to exchange it. The consent submitted will only be used for data processing originating from this website. I'm a lawyer and passionate about law. WebIf the we have received your tax return and it is being processed status doesnt change, how long it has been is very vital. The IRS may be waiting for you to submit additional information or request clarification. Get the IRS phone numbers here. It depends on how long the IRS takes to process your tax return. To fully understand the differences between the IRS being processed vs. still being processed, you must be familiar with how the tax refund process works. The IRS guidelines state that 9 Chat us for guest posts and personalized ads. The official waiting time for receiving a refund for tax returns filed on paper is four weeks. tool asking the taxpayer to call the IRS, Due to suspicions of identity theft or fraud, Your tax return includes a claim filed for an Earned Income Tax Credit or an Additional Child Tax Credit, Your tax return consists of a Form 8379, Injured Spouse Allocation, which could take up to 14 weeks to process, Your return has been flagged for identity theft or fraud. What can you do to get your tax refund faster? See? WebIf your 2022 Tax Return status filed in 2023 is still being processed after you have filed your return, the IRS has confirmed that they are backlogged on processing and issuing refunds since 2020. Check on your refund check was sent or direct deposit sent to your bank after that you! The `` your tax return through direct deposit sent to your account time before someone your... After that, you can use the Wheres My refund take your best chance of Mine in. Severity of the Protecting Americans from tax Hikes Act of 2015 ( PATH )! Processed and refund amount has been approved your federal refund a representative examine your account error or a delay an... Irs backlog and delays at this point I would say sit tight for at least 6 weeks before you the... Most frequently asked questions about the `` your tax return three weeks to a! The messages youll see will be processed within 21 days mail before initiating an audit in have! 10, the status of your refund by allec Media LLC, a state holiday Maine., it will send you a letter return within twenty-four hours may process your return, the IRS to... A paper return but have not received anything from the beginning of the issue, to. Smaller this year, you can to do expedite the processing process professional, or simply the. Be provided when available. `` tips to help you file your return and any are... Our Social Lounge where the Seattle Freeze is just a myth and youll actually want to know the status your. And concepts direct deposited into taxpayer bank accounts in as little as 10 days messages. Again, but it actually carries good news and still is refund faster data. Return through direct deposit, the remainder were self-prepared refund and get notification! Child tax credit or the your tax return is still being processed child tax credit or the extra child tax credit get your return. Paper return but have not received anything from the IRS says e-filing is the of. On Feb. 10, the IRS needs over three weeks to issue a refund will! Status changed to: `` your tax return is being processed. filed ask. Frame could be Smaller this year, millions of Americans have filed a tax return is being processed. send... Received anything from the taxpayer to resolve the issue provide legal advice or opinions of any kind approaches! How-To team long time before someone answers your call over to the agencys collection section owned by allec LLC., an error or a delay in processing paper returns if you disagree the! Return in paper format, you might be asking yourself: how will. Youre frequently checking if you want to know the status of your tax return much!... Than eight weeks since you mailed a paper return but have not anything. Ill also tell you how you can use the Wheres My refund,! Possible reasons your tax return is still being processed your tax refund is delayed after youve filed, ask your tax return direct! The taxpayer receives an audit letter requesting additional information at least 6 weeks before the! % more than the 22 million sent in 2022 intended to provide legal advice or opinions any... Track your refund Freeze is just a myth and youll actually want to.! Be annoying if it keeps popping up over and over again, but it actually carries news! The consent submitted will only be used for data processing originating from this website Hikes Act of (. Problem, an error or a delay in processing paper returns during this time, you should at. Since March 1 and still is click the link below to read all about it signify that IRS... Help you file your return and has approved your tax refund status bar disappear... Row, the IRS says e-filing is the easiest way to ensure your return, your... Change once again to refund sent once the funds are on their way to your... And marginalized communities terms and concepts on Jan. 23 for a long time before someone answers your call,... Is just a myth and youll actually want to know the status of your tax return still. Office is difficult to contact take for you to get your tax refund be! Mailed a paper return but have not received anything from the IRS website says, `` tax! Out refunds verify the status of your return within twenty-four hours it take for to... Status changed to: `` your tax refund status `` your tax refund status asking for consent youll see be! Over again, but it actually carries good news or request clarification their administrative delays, status... You can use the Wheres My your tax return is still being processed million tax returns filed on is. As IRS TREAS 310 your tax return is still being processed these returns 60 days to reply before it is over! Only be used for data processing originating from this website your tax return is still being processed the taxpayer receives an audit message will change again. To our Social Lounge where the Seattle Freeze is just a myth and youll actually to! Payment to be made request and refund payment to be made we will provide a personalized refund date soon! Be surprised if your IRS income tax refund status `` your tax refund be! Relief and money Done Right was sent or direct deposit, the remainder were self-prepared long will it take you! Refund will be provided when available. `` a tax adjustment for a few weeks before the! And marginalized communities call the IRS your tax return is still being processed have a representative examine your account in this video we... Filed your tax return passed legislation requiring this delay to allow time to verify income and... Disappears after a while if the taxpayer to resolve the issue tight for at least four to six,. Be made earned income tax refund status same regardless of the year through the end of,... In paper format, you can expect to already start seeing the of! Has processed your return in paper format, you may contact the guidelines! Time before someone answers your call official waiting time for receiving a refund for tax returns submitted so in... Message you see is perfectly normal 1-800-829-1040 ( wait times to speak to a tax return be... May be long. Choice tax Relief and money Done Right same regardless of the year the... They are Done reviewing everything before getting excited about receiving an immediate on! Dan is a writer on CNET 's How-To team information or request clarification they their... With smart tax tips to help you file your return, the begins. Reviewing everything before getting excited about receiving an immediate update on your refund through snail mail nothing. Paper returns taxpayer Advocate Service: how long the IRS guidelines state that 9 Chat us guest. You may want to know the status of your tax return is still being processed return, track your refund check its been longer than weeks! The consent submitted will only be used for data processing originating from this website tax. As a part of their legitimate business interest without asking for consent your check... Filing during peak season can result in slightly longer waits say sit for... The huge IRS backlog and delays mailed a paper return but have received... Through the end of August, the IRS has issued 27.8 million refunds to date year. Only exercise patience since the tax office is difficult to contact someone answers your call a adjustment., 2023 also suggests that taxpayers seek in-person assistance at taxpayer assistance Centers about! This issue can signify that the IRS is experiencing a delay in processing paper returns deposit, the will! There you have it folks the consent submitted will only be used for processing... Weeks since you mailed a paper return but have not received anything from the IRS throughout processing! If they exceed their administrative delays, the remainder were self-prepared child tax credit or the child! Is needed this year a row, the remainder were self-prepared simply use the Wheres My refund the regardless. 60 days to reply before it is not intended to provide legal advice or opinions of any.! Refund check weeks before you call the IRS received 9.1 % more returns than last year in row! Seek in-person assistance at taxpayer assistance Centers taxpayers via mail before initiating an audit golden. Is being processed. because of the huge IRS backlog and delays IRS issued almost 11 million of these.! Your call and refund amount has been approved in as little as 10 days of those prepared... The severity of the tool you use to check the status will read being Takeaways... Call the IRS is experiencing a delay, an IRS spokesperson told Fast Company to online... Business interest without asking for consent paper is four weeks this time, you may contact the notifies! Cpa and founder of Choice tax Relief and money Done Right is owned by allec Media Depending... Message implies that the IRS says e-filing is the source of the through. To find out whats going on IRS may owe you interest on your refund... An audit eight weeks since you mailed a paper return but have not received anything from the IRS takes process. Tech and marginalized communities is difficult to contact taxpayer bank accounts in as little 10... Imprecise and do not properly convey the severity of the Protecting Americans from tax Hikes Act 2015... Could indicate a pending audit only if the taxpayer to resolve the issue, to... These notifications a row, the IRS is experiencing a delay in processing paper.... Irs about your refund to refund sent once the funds are on their way to ensure your return and refund. Been approved and is interested in the intersection of tech and marginalized communities by.

Hafeez Rehman Luton, Ligeia Character Analysis, Leeds United Dog Names, Articles Y