toolon the IRS website. You'll need to input your Social Security number, filing status and the refund amount listed on your return. According to the IRS, various issues can hold up a refund, including: A tax return with math errors or that is incomplete or unsigned The IRS suspects ide...
Errors in your tax return: Double-check your return for simple oversights or miscalculations; these common errors can hold up the process. Filing status issues: Ensure that you've selected the correct filing status, as mistakes here can cause confusion at the IRS and slow down...
a bonus or a stroke of luck, it often represents what is essentially an interest-free loan that the taxpayer made to the government. It’s often possible to avoid overpaying your taxes so you can keep more money in your pocket each paycheck—and avoid arefund when you fileyourtax return...
Will volatility return to the stock market? What will happen next with interest rates? While we can never know the future, it can be valuable to focus on things we can control—taxes, for example. While you generally can't avoid taxes, you may be able to reduce them with a bit of ...
Filing an incomplete tax return A common cause of delayed tax return processing, leading to delayed refunds, is missing information on the return. "Failure to include basic information, such as the Social Security numbers of dependents, can significantly hold up a refund," according to Lee...
Errors in previous tax years, such as unreported total income or unfiled returns for a sole proprietorship or other business activities, can hold up current tax refunds. If discrepancies are found, the CRA may pause the processing of your return to resolve these issues. Always ensure prior years...
Another reason for a potential hold-up is if you were a victim of identity theft or fraud. In this case, the IRS may hold onto your return until it can work with you to fix the situation. If you didn’t receive your refund, you can use the “Where’s My Refund?” tool, call th...
If you filed an amended return, processing that return can take eight to 16 weeks, the IRS says. Taxpayers who claim the earned income tax credit (EITC) or the additional child tax credit (ACTC) may see delays because of rules that require the IRS to hold those refunds until Feb. 27....
How long should you hold on to an income tax return? Once you’ve filed, you might wonder how long you need to keep your paperwork or files. The IRS says typically three years. However, it’s worth keeping in mind that the agency can audit further back. » MORE: How long to keep...
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