Current:Home > reviewsWaiting on your tax refund? Here's why your return may be taking longer this year -FinTechWorld
Waiting on your tax refund? Here's why your return may be taking longer this year
View
Date:2025-04-13 19:25:06
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! (4)
Related
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- Novelist Julie Otsuka draws on her own family history in 'The Swimmers'
- Police are 'shielded' from repercussions of their abuse. A law professor examines why
- 'This Is Why' it was a tough road to Paramore's new album
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- 'Wait Wait' for Jan. 14, 2023: With Not My Job guest George Saunders
- 2023 marks a watershed year for Asian performers at the Oscars
- Novelist Julie Otsuka draws on her own family history in 'The Swimmers'
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Is the U.S. government designating too many documents as 'classified'?
Ranking
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Does 'Plane' take off, or just sit on the runway?
- 30 years after the siege, 'Waco' examines what led to the catastrophe
- From elected official to 'Sweatshop Overlord,' this performer takes on unlikely roles
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Spielberg shared his own story in 'parts and parcels' — if you were paying attention
- 2023 Oscars Preview: Who will win and who should win
- 'The Daily Show' guest hosts (so far): Why Leslie Jones soared and D.L. Hughley sank
Recommendation
Military service academies see drop in reported sexual assaults after alarming surge
Colin Kaepernick describes how he embraced his blackness as a teenager
He watched the Koons 'balloon dog' fall and shatter ... and wants to buy the remains
'Oscar Wars' spotlights bias, blind spots and backstage battles in the Academy
Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
Academy Awards 2023: The complete list of winners
The 2022 Oscars' best original song nominees, cruelly ranked
Adults complained about a teen theater production and the show's creators stepped in