What is this Tax Refund thing you speak of? Is that what you get when you make an interest free loan to the government? My goal is always to owe as much as possible without incurring a 2210 underpayment penalty.

Did you have any unemployment income? IRS is holding all of those returns to recalculate based on the law change that you are allowed to exclude a certain amount of unemployment income. If this is the case your refund should go up.

Also being looked at are returns claiming they did not receive any stimulus payments. IRS are verifying these before paying them

Finally IRS is still way far behind. They are still working on 2019 returns. So some of these reviews are lining up after these.

Go here: https://www.irs.gov/individuals/get-transcript

Register and you can look at your account in various ways.

Yes, the unemployment issue is causing delays as is the poor reporting on the the stimulus payments. And, if that refund is 10K+, they will almost always slow it down and often send a letter by USPS, which could take weeks or months - not an IRS issue - and ask you to call them to verify, in fact, that you are PASIG. Hope you see your bucks soon.

But as a professional in the business, I'm not doing my job if the client doesn't owe them in the appropriate amount each and every year.

To answer some of the questions:

No, our return isn’t particularly complicated. We do own one rental property and my wife gets a 1099 for her job but that’s about it. We’ve been in this same exact situation for 7 years now so I’m perplexed as to why it’s day 39 and no refund.

I checked with friends and they said they got their refund FASTER than previous years.

Maybe child tax credits or stimulus payments are holding this up, we did have a child in 2020 that I claimed toward previous stimulus payments on the return.

I'll be sending in my tax bill soon. That should accelerate the refunds!

quote:

Originally posted by RogB:
That should accelerate the refunds!

Like not having the money/cash has ever stopped this administration from paying.

I’ve been on disability all last year so I’m getting my first refund in well over a decade. They were exiled last week and Federal showed up today.

Ours was filed electronically end of February, took less than two weeks.

I filed 2nd week of March and got it like 6 days later. Super fast! Was not expecting that!! Or the almost $15,000 refund I got this year either ...

Filed on the first date allowed and got a refund about 2 weeks later. Yes, I adjusted my with holding to avoid a refund in future. I had forgotten to do that when I retired from my retirement job, cutting my earned income in half.

The IRS was tasked with stimulus payments as well, which delayed the processing of some returns.

Filed on 3/26 and got mine today (4/14). This was 2 dates before the expected range closed, so the estimates were right.

I'm starting to wonder if the child tax credits are holding me up? Do any of you who got their refunds quickly have children age 0-17?

quote:

Originally posted by PASig:
I'm starting to wonder if the child tax credits are holding me up? Do any of you who got their refunds quickly have children age 0-17?

Yes. I have two.

I normally have to write a check when I file due to multiple income sources and not enough withholding to cover our tax liability. Fine line between not having enough withheld and having to pay a penalty. I've been adjusting my extra withholding for several years and last year I over did it a bit so we were due for a small refund.

Filed on Apr 1 and got the deposit today. Simple return, empty nesters so no dependents.

Glad I didn't have to do the phone drill.

Now to reduce the extra withholding so I don't get a refund next year.

I filed early this year, on or about a 12 Feb. Finally got my refund yesterday.

8 days from hitting submit to send to IRS to refund in bank account.
State of Michigan refund was about 18 days from post office mailing to deposit in bank account.

Taxes done in early March. State refund in less than a week. Fed refund 'still processing'

Never had it take this long. Last year I had the Fed refund first. Both were in 2-3 weeks.

Ours was accepted by the irs on 3/18 and have not received our refunds yet. Usually we have to pay but due to the closing of one of my businesses we are getting a nice refund this year...Maybe that’s the hold up.

I’ve been on the road for the past 3 weeks and will follow up on this when we get home in a week or so.

Something is definitely wrong. It’s now been 8 full weeks and still nothing. The longest we ever waited before was 4 weeks or so.

I am going to call the IRS tomorrow.

I am a little confused though, wouldn’t they have sent me a letter by this point if there was a problem?

quote:

Originally posted by PASig:
Something is definitely wrong. It’s now been 8 full weeks and still nothing. The longest we ever waited before was 4 weeks or so.

I am going to call the IRS tomorrow.

I am a little confused though, wouldn’t they have sent me a letter by this point if there was a problem?

I'm in the same position - it's about eight weeks since my return was accepted electronically by the IRS. My numbers are about the same as last year, so I don't know what's holding things up.