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This Year’s Tax Refund Could Be Delayed Due To 5 Factors |Latest Update

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If you recently filed your taxes, did you double-check to ensure that all of the information you entered was correct? This includes your bank account information as well as all fields from your W-2 statement. According to the IRS, filing correctly can help you get your tax refund within 21 days.

This is not the year to make tax-return mistakes. According to a news release from the IRS, the agency is still dealing with a backlog of several million original and amended returns that haven’t been processed due to the pandemic. It anticipates that this tax season will be more difficult as it attempts to catch up and correct significantly more errors on tax returns than in previous years.

This Year’s Tax Refund Could Be Delayed Due To 5 Factors |Latest Update

Here are some of the most common reasons why your tax refund may be delayed this year. For more information, see how to track your refund to your bank account or mailbox. This story will be updated as new information becomes available.

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When you file your tax return, double-check any information you’ve included to ensure it’s correct. For example, don’t mix up the numbers of state and federal taxes withheld. Simply take a second look before submitting your taxes to the IRS to correct any potential errors and ensure you’ve filled out every field.

Also, if you received child tax credit payments last year, ensure that the amount on Letter 6419 corresponds to the amount you received. If an incorrect amount is entered, the IRS will need to review your tax return again, which will result in an “extensive delay,” according to the agency.

It’s important to note that if there’s a problem that needs to be fixed after you submit your return, the IRS will try to proceed without contacting you first. That means you could be unaware of a problem for days or weeks.

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