Current:Home > FinanceWaiting on your tax refund? Here's why your return may be taking longer this year -Wealth Impact Academy
Waiting on your tax refund? Here's why your return may be taking longer this year
View
Date:2025-04-18 14:15:32
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! (5)
Related
- Meta donates $1 million to Trump’s inauguration fund
- The Biden administration sells oil and gas leases in the Gulf of Mexico
- Medical bills can cause a financial crisis. Here's how to negotiate them
- A Pennsylvania chocolate factory explosion has killed 7 people
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Warming Trends: How Urban Parks Make Every Day Feel Like Christmas, Plus Fire-Proof Ceramic Homes and a Thriller Set in Fracking Country
- Judge rules Fox hosts' claims about Dominion were false, says trial can proceed
- NASCAR Addresses Jimmie Johnson Family Tragedy After In-Laws Die in Apparent Murder-Suicide
- New data highlights 'achievement gap' for students in the US
- These are the states with the highest and lowest tax burdens, a report says
Ranking
- South Korean president's party divided over defiant martial law speech
- ChatGPT is temporarily banned in Italy amid an investigation into data collection
- Investigators looking into whether any of the Gilgo Beach murder victims may have been killed at home suspect shared with his family
- In Deep Adaptation’s Focus on Societal Collapse, a Hopeful Call to Action
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- GEO Group sickened ICE detainees with hazardous chemicals for months, a lawsuit says
- The Biden administration sells oil and gas leases in the Gulf of Mexico
- Activists Target Public Relations Groups For Greenwashing Fossil Fuels
Recommendation
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
The 30 Most Popular Amazon Items E! Readers Bought This Month
Shifts in El Niño May Be Driving Climates Extremes in Both Hemispheres
Stephen tWitch Boss' Mom Shares What Brings Her Peace 6 Months After His Death
At site of suspected mass killings, Syrians recall horrors, hope for answers
Tech leaders urge a pause in the 'out-of-control' artificial intelligence race
Labor's labors lost? A year after stunning victory at Amazon, unions are stalled
Climate Activists and Environmental Justice Advocates Join the Gerrymandering Fight in Ohio and North Carolina