Current:Home > MarketsWaiting on your tax refund? Here's why your return may be taking longer this year -CapitalCourse
Waiting on your tax refund? Here's why your return may be taking longer this year
Charles H. Sloan View
Date:2025-04-09 16:42:16
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! (66)
Related
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Identity of massive $1.765 billion Powerball jackpot winners revealed in California
- Kelly Ripa’s Trainer Anna Kaiser Wants You to Put Down the Ozempic and Do This to Stay Fit
- Report: Law enforcement should have taken man into custody before he killed 18 in Maine
- 'Most Whopper
- Cable TV providers must offer clear pricing totals for video subscriptions, FCC rules
- Northwest Indiana sheriff says 3 men dead after being shot
- Man, woman arrested in connection to dead baby found in Florida trash bin
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Macaulay Culkin and Brenda Song Step Out for Rare Red Carpet Date Night
Ranking
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- AI expert says Princess Kate photo scandal shows our sense of shared reality being eroded
- Mega Millions jackpot soars to $875 million. Powerball reaches $600 million
- Fasting at school? More Muslim students in the US are getting support during Ramadan
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- In close primary race, trailing North Carolina legislator files election protests
- Republican lawmakers in Kentucky approve putting a school choice measure on the November ballot
- Former Massachusetts transit officer convicted of raping 2 women in 2012
Recommendation
The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
Boeing 737 Max engine issue will take up to a year to fix, company tells lawmakers
Social media is addictive by design. We must act to protect our kids' mental health.
'Manhunt' review: You need to watch this wild TV series about Lincoln's assassination
Trump wants to turn the clock on daylight saving time
Judge delays Trump hush money criminal trial
Parents of school shooting victims vow more action - even after shooter's parents convicted
Mother of boy found dead in suitcase in Indiana arrested in California