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re: Update pg. 2: Federal Tax refund still pending
Posted on 4/24/21 at 6:27 am to LSUFanHouston
Posted on 4/24/21 at 6:27 am to LSUFanHouston
USA Today is on it.
Where's my tax refund? Americans face delays as IRS holds nearly 30M tax returns for manual processing
quote:
Typically, the IRS sends most refunds within 21 days or less of taxpayers filing their return. But for some early filers, the wait for a tax refund has been six weeks to eight weeks already.
***
Why? The $900 billion stimulus package signed into law in December, known as the Consolidated Appropriations Act of 2021, didn’t leave the agency enough time to prepare for some of the tax code changes before the delayed filing season began Feb. 12.
***
Any corrections to the Recovery Rebate Credit or verification of the 2019 “look back” election are being manually processed by the IRS’s Error Resolution System. The IRS is placing those returns in “suspense” until an IRS employee can review them to verify their 2019 income or their prior Economic Impact Payment. The return is essentially in a queue waiting to be reviewed and processed.
Where's my tax refund? Americans face delays as IRS holds nearly 30M tax returns for manual processing
Posted on 4/24/21 at 8:13 pm to Twenty 49
Thanks for sharing that.
At least this makes me less concerned about an audit.
At least this makes me less concerned about an audit.
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