How far behind is the IRS on refunds 2021?

The IRS issues more than 9 out of 10 refunds in less than 21 days. However, it's possible your tax return may require additional review and take longer.

Is the IRS still behind on 2021 tax returns?

Washington (CNN) The Internal Revenue Service will finally get through the massive pandemic-induced backlog of federal tax returns filed in 2021 this week, the agency said on Tuesday.

Is the IRS still backlogged 2021?

Figure 1: Status of Unprocessed Paper Tax Returns Comparing Weeks Ending May 22, 2021, and May 27, 2022. The IRS has publicly committed to reducing its paper tax return backlog to a "healthy" level by the end of the year, but it has not provided a definition of "healthy."

When can I expect my 2021 tax refund?

It's taking us more than 21 days (and up to 90 to 120 days) to issue refunds for tax returns with the Recovery Rebate Credit, Earned Income Tax Credit and Additional Child Tax Credit.

Why is my 2021 refund taking so long?

What's Taking So Long? If you don't receive your refund in 21 days, your tax return might need further review. This may happen if your return was incomplete or incorrect. The IRS may send you instructions through the mail if it needs additional information in order to process your return.

Breaking IRS News-2021 Tax Returns REFUNDS and 2022 Tax Refund UPDATES

What does it mean when IRS says your refund is being processed 2021?

The answer: not much yet! The prompt means that the IRS has received your return, but due to Covid-19 delays, the IRS is experiencing a considerable backlog, slowing processing times and disbursements. Typically the IRS processes tax returns and issues refunds within 21 calendar days of receipt.

Why are federal tax returns taking so long?

Things that can delay a refund:

The return has a claim filed for an earned income tax credit, additional child tax credit, or includes a Form 8379, Injured Spouse AllocationPDF. The time it takes a taxpayer's bank or credit union to post the refund to the taxpayer's account.

Are refunds taking longer this year?

The IRS said it's taking longer to process tax returns for the 2020 tax year, and up to a month longer to process amended returns. "It's taking us more than 20 weeks (instead of up to 16 weeks) to process amended returns," the agency said on its site. "Do not file a second tax return or call the IRS," the agency said.

Why is my refund still being processed?

Reasons Your Tax Refund Can Be Delayed

Missing information. A need for additional review. Possible identity theft or tax fraud. A claim for an earned income tax credit or an additional child tax credit.

Why are 2022 refunds taking so long?

The COVID-19 pandemic, a backlog of returns from last year and a worker shortage may add up to long delays. PROCTORVILLE, Ohio (WSAZ) - According to the IRS, as of April 29, 2022, there were more than 9.6 million unprocessed individual returns which include returns received before 2022, and new tax year 2021 returns.

How far behind is the IRS with refunds?

The IRS issues more than 9 out of 10 refunds in less than 21 days. However, it's possible your tax return may require additional review and take longer.

How behind is the IRS on paper returns?

Since the beginning of the COVID-19 pandemic, the IRS has fallen nearly a year behind in processing paper tax returns. As of March 18, 2022, the paper return backlog stood at nearly 15 million. Most taxpayers receive refunds, so return processing delays generally mean refund delays.

Is the IRS backed up on tax returns?

That's largely due to the IRS' sizable backlog of returns from 2021. As of December 31, the agency had 6 million unprocessed individual returns — a significant reduction from a backlog of 30 million in May, but far higher than the 1 million unprocessed returns that is more typical around the start of tax season.

How many tax returns does the IRS have left to process?

Collins said the IRS has 3 million tax returns and another 3.6 million amended returns that haven't been processed from last year. Another 5 million returns are waiting for taxpayers to resolve specific issues. Add to that, she said, another 9 million paper returns that were filed in 2022.

Why is my refund taking longer than 21 days 2022?

A tax refund could be delayed because it needs a correction or is incomplete, needs further review or is suspected of identity fraud, includes a claim filed for an Earned Income Tax Credit or an Additional Child Tax Credit or includes an injured spouse allocation form which may take up to 14 weeks for the IRS to ...

How long does it take IRS to accept return 2021?

When you e-file, it typically takes 24 to 48 hours for the IRS to accept your return. Once your return is accepted, you are on the IRS' refund timetable. The IRS typically issues refunds in less than 21 days.

Why haven't I received my federal tax refund?

An incomplete return, an inaccurate return, an amended return, tax fraud, claiming tax credits, owing certain debts for which the government can take part or all of your refund, and sending your refund to the wrong bank due to an incorrect routing number are all reasons that a tax refund can be delayed.

Where is my 2021 federal tax refund?

Whether you owe taxes or you're expecting a refund, you can find out your tax return's status by: Using the IRS Where's My Refund tool. Viewing your IRS account information. Calling the IRS at 1-800-829-1040 (Wait times to speak to a representative may be long.)

Is the IRS behind on refunds 2022?

They noted that “because the I.R.S. entered this filing season with a significant backlog, millions of paper returns received in 2022 have not yet been processed.”

Is IRS delaying refunds 2022?

IRS Commissioner Charles Rettig in March told House lawmakers he expects the backlog to clear by the end of 2022.

How long does it take for tax refund to show in bank account 2021?

The IRS notes, “If you filed a complete and accurate tax return, your refund should be issued within 21 days of the received date.

What days does IRS deposit refunds 2022?

Remember, Congress passed a law that requires the IRS to HOLD all tax refunds that include the Earned Income Tax Credit (EITC) and Additional Child Tax Credit (ACTC) until February 15, 2022, regardless of how early the tax return was filed.

Is the IRS backlogged 2022?

As detailed in the report, the IRS's backlog of paper-filed returns stood at 21.3 million at the end of May 2022 – seven percent larger than at the end of May 2021. Other key taxpayer challenges this year have included correspondence delays and difficulty reaching the IRS by phone.