Refunds

[Stuart O. Bronstein]

The IRS has reminded taxpayers that the fastest and easiest way to
check on tax refunds is by using the "Where's My Refund?" tool (the
tool) on IRS.gov or through the IRS2Go mobile app. The IRS encouraged
individuals to file a return this year to get child-related tax
credits that were expanded by the American Rescue Plan. These include
the Child Tax Credit and the Child and Dependent Care Credit. The IRS
reminded taxpayers that filing electronically and using direct
deposit is the fastest way to file an accurate return and receive a
tax refund. Taxpayers can use the tool to check their refund status
within 24 hours after an e-filed return is received or four weeks
after the taxpayer mails a paper return. The tool痴 tracker displays
progress through three phases:

紐eturn Received
紐efund Approved
紐efund Sent

Most tax refunds are issued within 21 days. However, the IRS provided
a list of reasons why some tax refunds may take longer. The IRS will
contact taxpayers by mail if more information is needed to process a
return. Further, the IRS informed taxpayers that the agency cannot
issue Earned Income Tax Credit (EITC) or Additional Child Tax Credit
(ACTC) refunds before mid-February. This is due to the changes to the
tax law made by the Protecting Americans from Tax Hikes Act. The tool
and the IRS2Go app are updated for most early EITC or ACTC filers
with an estimated deposit date by February 19, if they file their
taxes early. If a filer claimed the EITC or the ACTC, they could
expect to get their refund by March 1 if:

謬hey file their return online
謬hey choose direct deposit to get their refund
逼o issues are found with their return

The IRS informed taxpayers that ordering a tax transcript will not
help them get their refund faster or find out when they will get
their refund. Further, the information available on the tool is the
same information available to IRS telephone assistors. Taxpayers can
find answers to questions, forms and instructions and other easy-to-
use tools at IRS.gov.

--
Stu
http://DownToEarthLawyer.com

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[Roger Fitzsimmons]

Last year it took months for me to get my refund. This year it was about 10 days. And my refund last year was around $1500 and this year around $25000.