Did you already pay your taxes and you haven’t received any refund?
There are several reasons for delaying your tax refunds.
According to the IRS, taxpayers will get their refund 21 days after the agency accepts their tax returns.
When filing your tax returns electronically, the IRS will take three days to accept your return.
However, if you send your documents via mail, your refund could take six weeks.
The IRS noted that certain refunds can take a longer time to be deposited.
“Not to rely on receiving a refund by a certain date, especially when making major purchases or paying bills,” the agency said in a March 23 bulletin.
Nevertheless, there could be a different reason for your delay.
Did your tax returns have any errors?
The IRS was vocal about not committing major mistakes on your tax returns.
“When you file your tax return, it’s important to cross-check any information you’ve included to make sure it’s accurate,” the agency said.
If you didn’t take a minute to validate your information and your refund hasn’t arrived, probably you committed a mistake in your returns.
“If there’s a problem that needs to be fixed after you submit your return, the IRS will first try to proceed without contacting you,” said
Katie Teague, Peter Butler.
“That means it could be days or weeks before you know there’s a problem.”
How to track your refund?
The IRS has a tool to track your refund pyament.
The tool is Where’s My Refund?, and it will display the status of your refund, usually on the most recent tax year refund we have on file for you.
All updated are made daily, usually overnight.
Source: Culled From Marca.