Home » Economy » Your tax refund could be delayed this year – here's why
Your tax refund could be delayed this year – here's why
Taking Care of Taxes for the Self Employed
Tips for first time self-employed filers
The 2022 tax season is swiftly coming to an end, with the IRS already delivering more than 50 million refunds.
But some taxpayers are still waiting for their refund – a major influx of money to households that many Americans depend on – as the IRS works through a massive backlog of unprocessed tax returns from previous years.
With about three weeks left in the tax-filing season, which began Jan. 24 and ends on April 18, here's what you need to know about why your return may have been delayed – and what to do if it is.
Why could tax refunds be delayed?
There are a number of reasons that your refund could be delayed. Math errors or typos are a common culprit.
If you filed a paper return, it could be stuck in a processing queue as the IRS works through a backlog of 7 million unprocessed individual returns.
THESE STATES ROLLED BACK THEIR GASOLINE TAXES. OTHERS COULD FOLLOW
"It’s taking us longer than normal to process mailed correspondence and more than 21 days to issue refunds for certain mailed and e-filed 2020 tax returns that require review," the IRS said recently.
The tax-collecting agency has also identified other frequent mistakes, such as: choosing the wrong filing status, not answering a question on trading virtual currency, forgetting to report all types of taxable income including unemployment benefits, making small typos in the name, birth date and Social Security entries, or mailing the return to the wrong address.