Tax Day

In the United States, Tax Day is the day on which individual income tax returns are due to be submitted to the federal government. Since 1955, Tax Day has typically fallen on or just after April 15. Tax Day was first introduced in 1913, when the Sixteenth Amendment was ratified.

Tax Day also means refunds. Lots of them!

With millions of tax refunds going out each week, the Internal Revenue Service (IRS) reminded taxpayers today that recent improvements to Where’s My Refund?

During this busy part of filing season, millions of taxpayers are anticipating refunds. The IRS has even produced a Tax Time Guide series, highlighting important details about “Where’s My Refund?” that can help taxpayers quickly get the information they need without calling the IRS.

Many different factors may affect the timing of refund delivery:

The tax return has errors, requires additional review or is incomplete.

The return needs a correction to the Earned Income Tax Credit (EITC) or Additional Child Tax Credit.
The time between the IRS issuing the refund and the bank posting it to an account may vary since processing times fluctuate.

The IRS will contact taxpayers by mail if more information is needed to process a return. IRS phone and walk-in representatives can only research the status of a refund if:

21 days or more have passed since a return was filed electronically.
Six weeks or more have passed since a return was mailed.
Where’s My Refund? tells the taxpayer to contact the IRS.

If a taxpayer refund isn’t what is expected, it may be due to changes made by the IRS. These changes could include corrections to the Child Tax Credit or EITC amounts or an offset from all or part of the refund amount to pay past-due tax or debts. More information about reduced refunds is available on IRS.gov.

The improvements to the heavily used tool follow Inflation Reduction Act funding, which is providing for a variety of IRS technological advances and upgrades designed to help taxpayers and transform agency operations.

Bottom line: refunds are everybody’s problem!

Yours Truly,

The Instant Refund Expert™Follow me on X and IG @RefundsBlog