• Refunds

    From Stuart O. Bronstein@21:1/5 to All on Tue Apr 12 16:34:00 2022
    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’s tracker displays
    progress through three phases:

    •Return Received
    •Refund Approved
    •Refund 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:

    •They file their return online
    •They choose direct deposit to get their refund
    •No 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

    --
    << ------------------------------------------------------- >>
    << The foregoing was not intended or written to be used, >>
    << nor can it used, for the purpose of avoiding penalties >>
    << that may be imposed upon the taxpayer. >>
    << >>
    << The Charter and the Guidelines for submitting posts >>
    << to this newsgroup as well as our anti-spamming policy >>
    << are at www.asktax.org. >>
    << Copyright (2011) - All rights reserved. >>
    << ------------------------------------------------------- >>

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Roger Fitzsimmons@21:1/5 to All on Wed Apr 20 02:39:25 2022
    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.

    --
    << ------------------------------------------------------- >>
    << The foregoing was not intended or written to be used, >>
    << nor can it used, for the purpose of avoiding penalties >>
    << that may be imposed upon the taxpayer. >>
    << >>
    << The Charter and the Guidelines for submitting posts >>
    << to this newsgroup as well as our anti-spamming policy >>
    << are at www.asktax.org. >>
    << Copyright (2011) - All rights reserved. >>
    << ------------------------------------------------------- >>

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)