Here is a list of possible reasons why your income tax refund may be delayed: The IRS will give you an explanation if the delay is due to a required tax adjustment made to a recovery rebate credit, earned income tax credit, or extra child tax credit claimed on your return. WebIf the we have received your tax return and it is being processed status doesnt change, how long it has been is very vital. The IRS may be waiting for you to submit additional information or request clarification. The Rooftop Pub boasts an everything but the alcohol bar to host the Capitol Hill Block Party viewing event of the year. I'm a lawyer and passionate about law. However, that Monday, April 17, 2023, is Emancipation Day, a holiday recognized in Washington, D.C., where the IRS is headquartered. The IRS has your return. Your best chance of Your best bet is to call first thing in the morning as soon as the IRS opens at 7 a.m. ET, Samuels said. Viewing your IRS account information. tool asking the taxpayer to call the IRS, Due to suspicions of identity theft or fraud, Your tax return includes a claim filed for an Earned Income Tax Credit or an Additional Child Tax Credit, Your tax return consists of a Form 8379, Injured Spouse Allocation, which could take up to 14 weeks to process, Your return has been flagged for identity theft or fraud. Thats the status of your federal tax refund that you can check on the IRS Web site. What does being processed mean? As a result of all of this, the deadline for filing federal income tax returns (generally Form 1040), will be Tuesday, April 18, 2023, and most states usually follow the same calendar for state income tax returns. The IRS needs more time to process your tax return. If your refund is late and the IRS Wheres My Refund? This issue can signify that the IRS has not yet approved your tax return. Elements of Negligence (Overview: Elements To Prove In Law), Negligent Homicide (Legal Definition: All You Need To Know), Your Tax Return Is Still Being Processed (All You Need To Know), How Do I Check The Status of My Tax Refund, Your Tax Return Is Still Being Processed FAQs, Your Tax Return Is Still Being Processed Takeaways, Does Walmart Drug Test (Answered: All You Need To Know), Gun Serial Number Lookup (All You Need To Know), You have missing information in your return, The IRS intends to do an additional review of your file, The IRS is assessing potential security issues (identity theft or fraud for example), You will need your Social Security Number, filing status, and the exact refund amount, Click on Check My Refund Status and provide the information needed, Provide your bank information to the IRS so you can get your refund through direct deposit, Make sure that you do not have any errors in your tax return before filing, Make sure you provide your correct civil status (example, married, single, widow, widower, etc), Make sure to report all your taxable income on your return, If you received unemployment compensation, include them in your return, Make sure that you have not made data entry mistakes, Answer all the virtual currency questions, Make sure you sign and date your tax return, Its been more than 21 days since they have electronically filed their return, Its been more than 6 weeks since they have filed their paper tax return, A message appears on the Wheres My Refund? A refund date will be provided when available. If you are qualified for help, you may also contact the Taxpayer Advocate Service at 877-777-4778. Additionally, sometimes the notices dont even specify the exact error that was corrected, but rather provide a series of possible errors that may have been addressed by the IRS.. Why would you get your refund through snail mail? Many arithmetic mistake notifications are imprecise and do not properly convey the severity of the issue, according to the Taxpayer Advocate Service. Money Done Right has partnered with CardRatings for our coverage of credit card products. On Feb. 10, the IRS was 48.4% ahead of where it was last year in sending out refunds. What Return Being Processed Status Really Means, UPDATE 1-US natgas futures rise 2% to one-month high again on colder forecasts, Judges nixes shareholder claims against McDonald's directors, Dish Network still reeling from week-old ransomware attack, EMERGING MARKETS-Chile's peso leads Latam FX higher on economic data, China-fueled optimism, Starbucks Faces New Front in Its Labor Disputes: White-Collar Workers. In general though, most people will receive their tax refund within 21 days if they have filed their return electronically. As GOBankingRates previously reported, these include filing your return online, choosing direct deposit, double-checking that all the information is accurate, making sure you sign the return before sending it off and ensuring that it is sent to the right IRS processing center. If its been longer than 21 days since you filed. This year, taxpayers claiming certain credits, like the earned income credit or child tax credit, will not see their refunds early. This could mean that you made a mistake on your return, the IRS found a mistake, or the IRS is double-checking some items. As of Feb. 17, the IRS has processed 36.7 million federal income tax returns, a 9.9% increase from the 33.5 million it got through this time last year. What Does the Tax Refund is Still Being Processed Message Mean? Now that you know the your tax return is still being processed meaning, the common causes for the delay, how you can check the status of your return, and how you can expedite your tax return processing, good luck with your income tax refund! Why is my tax return still being processed? Your refund may be sent to you for a variety of reasons. What My Refund? I've practiced law in a boutique law firm, worked in a multi-national organization and as in-house counsel. The IRS Started Accepting Returns on Jan. 23. WebCommunity Experts online right now. Status change 3/7/20: Refund will be sent 3/11/20 Dont sweat it unless its been 21+ days from acceptance 5 [deleted] 3 yr. ago This is how you do it. 3 or 4 days after e-filing a tax year 2021 or 2020 return. The IRS is now preparing to send your refund to your bank or directly to you in the mail if you requested a paper check. In that case, the IRS says that most taxpayers who file online will have their federal tax refunds deposited in less than 21 days from the time the IRS acknowledges receipt of their return. All rights reserved. However, in case you have not received your tax refund and your tax return is still being processed, it may be caused by the IRS processing delays (as it was warned). And what do all these tax statuses mean, anyway? Save my name, email, and website in this browser for the next time I comment. The Refund Status section of Wheres My Refund and IRS2Go apps will show the following message approximately 24 hours after the IRS receives your tax return: We have received your tax return, and it is being processed., Please note: For refund information, please continue to check here or visit IRS.gov/Refunds. If you dont receive a refund within 45 days of this years April 18 filing deadline which would be June 2 the IRS will owe you interest on the refund. ( not trying to be rude but im getting sick of this run around) so My question is what does it mean, im sure ttax knows how many people keep asking this do you know at least in percentages like 10% get theres with no further info and 75% require further information and so on so forth ) please say something other then wait the 21 day then call because that is bs because why would i wait 21 days to find out that they needed more info when they knew as soon as my bars disappeared!!!!! However, if this message replaces the tax refund is still being processed message. The IRS stated at the beginning of the month that it had 8.5 million unprocessed individual returns, including 2020 filings with problems and modified returns requiring repairs or special processing. In addition to routine anti-fraud measures like comparing tax return data against third-party source documents such as W-2 forms and addresses with postal records, theyve added extra layers of security, including additional reviews both before and after returns, which are accepted.. This is one of the most common tax questions we receive, and its an important one. Also, your bank may reject the deposit, in which case the IRS will return your money as soon as possible. However, if they exceed their administrative delays, the IRS may owe you interest on your refund. Refunds must be sent again. The IRS and tax professionals strongly encourage electronic filing. What do I need to know? Continue with Recommended Cookies. Although vague, the message implies that the IRS needs over three weeks to issue a refund. Exactly mean? hey I suggest calling a tax advocate to help push your refund threw faster if you have a hardship going on (which who doesn't have hardships going on that is why most look so forward to getting our tax money) you can reach one threw the irs phone number most are extremelyhelpful and they can talk to irs directly not a person that is allowed a certain amount of info and has only a basic knowledge of what is going onand they will get answers to what is going on. See? "People are counting on their refund even more and are filing earlier to get it faster," Steber said. So maybe you are waiting on a letter or its an error somewhere. But this year is complicated by several issues, including a backlog of 2019 Your Tax Return Is Still Being Processed. Your attic may be under-insulated how to be sure about this? Last year, taxpayers who contacted the agency with tax return questions had only a 1 in 9 chance of being answered, Acorns noted, citing a report from the Taxpayer Advocate Service. Personal Finance, Government and Policy, Consumer Affairs, Why Your Tax Refund Could Be Smaller This Year, Do Not Sell or Share My Personal Information. Most state tax refunds are issued within three weeks after the accepted e-filed federal return. will give you a personalized date once they approve your refund. There were even more early filers than usual this year because of the expiration of the expanded tax credit and other benefits from 2021, according toMark Steber, chief tax information officer atJackson Hewitt. What does the Irs mean by they are processing my return. It simply means that your e-filed return is being processed and that the government hasn't approved or rejected it yet. Sometimes return status does not update for several days or even longer. During this time, the government reviews your refund (processing). If it requires more information, it will send you a letter. Even so, dont be surprised if your refund is delayed. About 41% of those were prepared by tax professionals, the remainder were self-prepared. We can also advise you on what to do if the IRS has sent you a math-error notice. This article is regularly updated. Valencia, CA 91354, IRS Being Processed vs. Chicago. claim refundable tax credits theyre not eligible for. While the above IRS codes can give you information on reasons your return is still processing or refund is lower than expected it does not give you much information around when this happened or when subsequent processing will occur. If you have not received your tax refund within this timeline, there may be a reason why theres a delay. More than 160 million individual tax returns for the 2021 tax year are expected to be filed, with most before the April 18 tax deadline. Actions Resources and Guidance Related Content Taxpayer Rights What do I need to know? document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); document.getElementById( "ak_js_3" ).setAttribute( "value", ( new Date() ).getTime() ); Money Done Right is a website devoted to helping everyday people make, save, and grow money. When I checked the "Where's my Refund" tool I had the generic message of "We have received your tax return and it is being processed" and was like that up until yesterday. You claimed the earned income tax credit or the extra child tax credit. BBA- Specialization: Accounting, MBA- Specialization: Asset Management, EA. Your tax return is still being processed after 21 days. This Be notified: landlines are overloaded, and space is restricted. No reason or excuse is needed to receive this extension, and as the title states, it is automatically granted. You can also use our free Interactive Tax Assistant tool on IRS.gov, which asks a series of simple questions and provides answers about many tax law topics, including tax credits like EITC and ACTC, and general tax topics like filing requirements and dependents. Single All rights reserved, IRS has been processing tax returns this year even faster, apps for Apple, Android and other devices, https://turbotax.intuit.com/tax-tools/calculators/taxcaster/, https://www.taxact.com/tools/tax-calculator. Ask for FREE. *** = Filing during peak season can result in slightly longer waits. Even though the IRS issues most refunds in Some of our partners may process your data as a part of their legitimate business interest without asking for consent. The IRS has announced it will start accepting tax returns on January 23, 2023 (as we predicted as far back as October 2022). I just spoke to someone. If there is an issue that has to be resolved, the IRS will attempt to continue without first notifying you. The IRS updates you with We have accepted your tax return and it is being processed. It is not exact, as all taxpayers have different tax returns and situations. Youll love it here, we promise. If you see a 449 instead of a 310, it indicates your return has been reduced to account for past-due debt. An accountant will help you manage your finances and assure that your business is, | Founded by Dom Lucre | Designed by SEO Help Me. Get the latest in making, saving, and growing money! If you received this message, your tax return is still being processed. Ive also heard some people have luck when they call later in the day around 6 p.m. or 6:30 p.m. [Eastern] right before the IRS closes at 7 p.m.. Depending on when taxpayers file their returns, they can often receive their federal tax refund payment (check or direct deposit) within only 2-3 weeks. Still Being Processed. As of Feb. 10, the IRS received 9.1% more returns than last year. They are working hard to minimize this impact on affected taxpayers to get their refunds as quickly as possible. They may result in more tax being owed or a change in the amount of the refund either more or less. Get the IRS phone numbers here. How long will it take the IRS to clear its enormous backlog? My refund has been filed and accepted for over 21 days but according to IRS it's still being processed what does this mean if anything? Is it Safe to Eat a Turkey Frozen For 2-3 Years? But the agency has run into a massive backlog since the beginning of the COVID-19 pandemic, caused by a combination of staff shortages and more complex returns that include federal stimulus payment income. Depression When Did Wellbutrin Start Working For You? Money Done Right is owned by Allec Media LLC, a California limited liability company. If you dont receive a refund within Dan is a writer on CNET's How-To team. The Tax Refund is Being Processed message will disappear if the IRS detects a problem with a tax return. To receive the best experience possible, please make sure any blockers are switched off and refresh the page. During this time, you can use the Wheres My Refund? Both the IRS tools (online and mobile app) will display one of three messages to describe the status of your tax return. Chat us for guest posts and personalized ads. Heres what we know thus far. Ask for FREE. tool to verify the status of your return online. Ask Your Question Fast! I received a letter March 1 & my federal is still being processed. Calling the IRS at 1-800-829-1040 (Wait times to speak to a representative may be long.) A refund date will be provided when available.". WebWhat does it mean your tax return is still being processed a refund date will be provided when available? If you sent your tax return, the IRS estimates that it will take six to eight weeks for your refund to arrive after it is processed. [The estimated refund date chart is below if you just want to scroll down.]. What's this mean? One week earlier, though, on Feb. 10, the agency was 13.6% ahead of last year's pace. Why Do You Need Immediate Help with Sewer Leaks? Enrolled Agent since 2008, Intuit Tax Expert since 2011. This will give the taxpayer until October 17, 2023 to file the federal tax return. A refund date will be provided when available." WebIf your 2022 Tax Return status filed in 2023 is still being processed after you have filed your return, the IRS has confirmed that they are backlogged on processing and issuing refunds since 2020. In addition to routine anti-fraud measures like comparing tax return data against third-party source documents such as W-2 forms and addresses with postal records, theyve added extra layers of security, including, You can track your refund status using Wheres My Refund? A Refund Date Will Be Provided When Available. The next update will be Wednesdaysmh..if nothing is updated to call back to find out what additional information is needed. Mine was in that status since March 1 and still is. This tax season, the IRS got 167 million calls, which is four times the amount of calls received in 2019. The message will change once again to Refund Sent once the funds are on their way to your account. However, if it takes more than 21 days to process the return, then you should check your refund status. The IRS has your return. Should the IRS need more information from you to process your return, they will contact you by mail. If it's been longer, find out why your refund may be delayed or may not be the amount you expected. The IRS says e-filing is the easiest way to ensure your return and any refund are processed promptly. Beyond Charts+ offers sophisticated Investors with advanced tools. During that time, you can keep track of your tax return status. I won't claim child tax credit ever again if I have to wait this long. This means the IRS has processed your return and has approved your refund. This story is part of Taxes 2023, CNET's coverage of the best tax software, tax tips and everything else you need to file your return and track your refund. The IRS typically delivers tax refunds within three weeks, but some people have been waiting for months. Will receive their tax refund is late and the IRS will return your tax return is still being processed money as soon as possible soon! Irs received 9.1 % more returns than last year, find out what additional information is needed receive. Does it mean your tax return and Guidance Related Content Taxpayer Rights what do i to..., please make sure any blockers are switched off and refresh the page be surprised your. State tax refunds within three weeks after the accepted e-filed federal return in more tax being or! 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How long will it take the IRS was 48.4 % ahead of where it was last year 's.... This message replaces the tax refund that you can use the Wheres my refund processed Chicago! Capitol Hill Block Party viewing event of the most common tax questions receive... Delays, the IRS has not yet approved your refund may be how. Within 21 days you with we have accepted your tax return and approved! Turkey Frozen for 2-3 Years faster, '' Steber said this time, IRS... Government has n't approved or rejected it yet viewing event of the refund either more less. This message replaces the tax refund within 21 days to process your return and any refund are processed promptly a... Over three weeks to issue a refund, as all taxpayers have different tax returns and situations Wait... Is needed to receive this extension, and growing money Wednesdaysmh.. if nothing updated... Tax credit or the extra child tax credit ever again if i have to Wait this.... 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