They are working on it. Taxpayers who have checked the Wheres My Refund tool on the IRS website have probably seen a message that says, Your return is being processed. In Your refund is being investigated for identity theft or fraud. On this blog, I provide you with golden nuggets of information about lawyers, attorneys, the law and legal theories. Because April 15, the standard deadline, falls on a Saturday. Are you wondering why your tax return is still being processed? Refunds, which normally take about 21 days to complete, are now requiring at least 120 days. Manage Settings On the plus side, refunds are getting bigger as the tax season goes on: On Feb. 10, the average amount the federal government gave taxpayers back was only $1,997. Why is the 2023 tax deadline April 18 instead of April 15? If you are qualified for help, you may also contact the Taxpayer Advocate Service at 877-777-4778. So, if your tax return is being processed, youll likely receive your Refund on time, while the still-being-processed message suggests that the Refund is delayed for one reason or the other. Many arithmetic mistake notifications are imprecise and do not properly convey the severity of the issue, according to the Taxpayer Advocate Service. Taxpayers who attempt to withhold wages or claim refundable tax credits theyre not eligible for usually receive a letter from the IRS with the list of additional documents they must submit. There are steps you can take to help prevent delays. You claimed the earned income tax credit or the extra child tax credit. Your attic may be under-insulated how to be sure about this? What is the source of the huge IRS backlog and delays? What My Refund? Updates to refund status are made no more than once per day.. If it has been longer than that, you have an error on your tax form or a problem with the IRS. Your best bet is to call first thing in the morning as soon as the IRS opens at 7 a.m. ET, Samuels said. WebHey all, so I filed pretty early (1/17) and got accepted on TurboTax on 1/22. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Keep reading as I will provide you with common reasons why there may be a delay in the processing of your tax return. This issue can signify that the IRS has not yet approved your tax return. So, the tax refund is still being processed message might mean youll receive interest with the Refund, provided that the examination of your documents goes smoothly. Were a fun building with fun amenities and smart in-home features, and were at the center of everything with something to do every night of the week if you want. Thank U, Next. Some early filers are waiting for a tax refund more than six weeks already -- far longer than typical -- as the IRS deals with tax credits and fraud. One bit of great news is that the IRS has been processing tax returns this year even faster than in the last few years, when it was still struggling to overcome issues related to the pandemic. Money Done Right and CardRatings may receive a commission from card issuers. you made running a blog glance easy. Weve got kegerator space; weve got a retractable awning because (its the best kept secret) Seattle actually gets a lot of sun; weve got a mini-fridge to chill that ros; weve got BBQ grills, fire pits, and even Belgian heaters. 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. Ask for FREE. Wow, incredible weblog format! According to the Wall Street Journal, the bulk of the mistakes this year are linked to stimulus payouts. Money Done Right is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. Here are the most common reasons why your tax refund processing are delayed: Due to IRS backlog Your tax return includes errors Your tax return Is incomplete Your tax return needs further review 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 If there are any updates on your file, you will be able to see them online. Sent means that your refund check was sent or direct deposit sent to your bank. 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. Your email address will not be published. Dan is a writer on CNET's How-To team. If its been longer than 21 days since you filed electronically and provided direct-deposit information to the IRS, check on your refund. The IRS now offers a smartphone app called IRS2Go that allows you to check the status of your tax refund; it is accessible in both English and Spanish. will give you a personalized date once they approve your refund. Maryalene LaPonsie Jan. 17, 2023 10 Tax Credits You May Qualify For I'm suppose to call back if it isn't sent by May12th.. it's ridiculous.. what the heck is really going on? Go to the Get Refund Status page of the IRS tool Wheres My Refund, input your SSN or ITIN, filing status, and precise refund amount, then click Submit. How to Fix the Tax Refund is Still Being Processed Message? See: Avoid Tax Refund Delays in 2022 in 6 Simple WaysFind: Tax Refund 2022 You Could Miss Out on $6,728 by Not Claiming the Earned Income Tax Credit. 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.. Just be sure to do so at the right time. tool says Your return is being processed, it might be worth a call to the IRS. In most cases, the tax refund is still being processed message will be upgraded as soon as the IRS agent resolves the issue that caused the delay. WebIf the we have received your tax return and it is being processed status doesnt change, how long it has been is very vital. So, all you need to do to find out how long you must wait to receive a refund is enter your social security number, filing status, the refund sum, and the tax year. Once your return and refund have been authorized, you will be given a customized date to anticipate your money. Top Five People Search Sites: A Complete Review, AssignmentCore: Pay Experts to Do Your Programming Homework, What to Look for in a Personal Injury Lawyers Qualifications, Why is it important to monitor your blood pressure at home, Health implications when traveling abroad for the elderly, Considering an FLR? The IRS also said that it would take extra time to examine 2020 tax returns, such as establishing recovery rebate credit amounts for the first and second stimulus cheques or calculating earned income tax credit and additional child tax credit amounts. The agency has processed close to 37 million 2022 federal income tax returns since Feb. 17, about 10% more returns than it completed this time last year. If you received this message, your tax return is still being processed. June 7, 2019 4:21 PM. However, be prepared to stay on the line for a long time before your call is answered. While you could contact the IRS to verify your status, the agencys live phone help is now very restricted since the IRS is working hard to clear the backlog. There are several reasons why your refund could be delayed: Your return was incomplete You didnt sign or date the return Logan is a practicing CPA and founder of Choice Tax Relief and Money Done Right. Here are some of the common reasons why your tax return may be delayed: Other reasons may be that you have a claim for an earned income tax credit or additional child tax credit that must be processed. The consent submitted will only be used for data processing originating from this website. A refund date will be provided when available in 2022, Suppose you filed your tax return electronically and, This year, taxpayers claiming certain credits, like the earned income credit or child tax credit, will not see their refunds early. There is a number on your letter with an extension that gets you directly to a very kind and nice IRS agent on the other side. In this article, I will break down the meaning of Your Tax Return Is Still Being Processed so you know all there is to know about it! Required fields are marked *. IMPORTANT: If you file electronically (using an online tax program or preparer), the IRS will notify you of the actual date on which the agency accepted your return. I spent my last 11 years at the I.R.S. Your return includes a claim filed for an Earned Income Tax Credit (EITC) or an Additional Child Tax Credit (ACTC) your return will be delayed. Looking for Your Tax Return Is Still Being Processed? 23890 Copper Hill Dr Ste 139 For paper filers, this can take much longer. Your best chance of [The estimated refund date chart is below if you just want to scroll down.]. This could mean that you made a mistake on your return, the IRS found a mistake, or the IRS is double-checking some items. What do I need to know? This is solely to update you that your return was successfully received by the IRS. 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 The IRS may be waiting for you to submit additional information or request clarification. Your return being processed mean that your tax return is being processed. The IRS has issued 27.8 million refunds to date this year, about 26% more than the 22 million sent in 2022. If you file a paper return, it could take six to eight weeks. Opinions, reviews, analyses & recommendations are the authors alone, and have not been reviewed, endorsed or approved by any of these entities. So if a taxpayers return is pulled for manual processing, there will be delays. Typically, the IRS sends most refunds within 21 days or less of taxpayers filing their return. You can always change your W-4 withholding so that you do not have to wait for a refund at tax time. They just sent me a letter about the market place insurance which I don't have. I filed on January 29th also.. A Refund Date Will Be Provided When Available. Once you file your return on eFile.com, your status will change - if it is Accepted, the IRS has acknowledged and accepted your return. Typically, the IRS sends most refunds within three weeks of taxpayers filing their return. It indicates that the IRS cannot continue processing a tax return because it lacks information to verify the taxpayers identity or assess the refund amount properly due to the lack of documentation. These accounts have cycle codes that end with 01, 02, 03, or 04 and usually receive refund updates on Wednesdays. Well show you how to do it. However, that Monday, April 17, 2023, is Emancipation Day, a holiday recognized in Washington, D.C., where the IRS is headquartered. The Rooftop Pub boasts an everything but the alcohol bar to host the Capitol Hill Block Party viewing event of the year. To receive the best experience possible, please make sure any blockers are switched off and refresh the page. 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). A refund date will be provided when available.. If there are any mistakes, or if you submitted a claim for the earned income tax credit or the child tax credit, you may have to wait a long time. If its been longer than 21 days since you filed. ( 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!!!!! We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Here are the most common reasons why your tax refund processing are delayed: You can call the IRS using their toll-free line at 1-800-829-1040. This is how you do it. The IRS website says, "Your tax return is being processed." IRS agents typically resolve these issues independently, so most of the time, no action is required from the taxpayer. Also, you may be asked to go through the additional identity verification if the agent cant determine your identity with the information included in the tax return. WebYou'll need: A US address that you used to file your most recent tax return (doesn't work with foreign addresses) A US issued credit card ( visa or MasterCard) (there's no charge - this is just too verify your identity) A US cell phone number on which they can text you. It simply means the IRS has it and it is in line to be reviewed and processed. What is spell save DC 5e and how do you calculate? WebCommunity Experts online right now. According to the IRS, most tax refunds are issued within 21 calendar days from the If that isnt the case, you may be receiving several refund checks, since the IRS may only direct-deposit up to three returns to a single account. The best option is to check your IRS account or trace your return online using the Wheres My Refund feature. Your Tax Return Is Still Being Processed Takeaways So there you have it folks! However, if your refund status doesnt change for a few months, this message could indicate something wrong with your tax return. I won't claim child tax credit ever again if I have to wait this long. Subscribe for free and get unlimited access to all CPA Practice Advisor content. Valencia, CA 91354, IRS Being Processed vs. As of July 15, Millions of Americans have filed a tax return are now waiting for their tax return to be processed and refund payment to be made. 6 months or more after filing a paper return. This year, millions of Americans have received perplexing IRS math-error notifications indicating that they owe extra taxes. Been preparing taxes professionally for 10+ years. WebTo get your returns processed just within 21 days, you should file them electronically and directly-deposit information to the IRS. You should wait until they are done reviewing everything before getting excited about receiving an immediate update on your refund status. Thats because it means the IRS got your tax return, so you dont have to sweat that there was an issue with them receiving it, Howard Samuels, a certified public accountant at New Jersey-based Samuels & Associates, told the Acorns. 98% of tax returns filed in 2022 were processed and approved within the legal timeframe. If you didnt write the taxable income amount correctly or made a similar error, the IRS wont need your assistance to fix the problem. If you see a 449 instead of a 310, it indicates your return has been reduced to account for past-due debt. Listed below are possible reasons why your tax refund status bar may disappear. How long have you ever been running a blog for? Note that the first column is when the IRS accepts your return, which can be 2-3 days after when you submitted it electronically. Whether youre interested in researching and testing your ideas, saving and recalling your favourite analysis or accessing tools and strategies from leading Industry Educators, Beyond Charts+ is modern, powerful and easy to use charting software for private investors. Some tax returns take longer to process than others for many reasons, including when a return: Includes a claim filed for an Earned Income Tax Credit or an Over 97% of the 36.9 million tax returns submitted so far in 2023 have been filed electronically. WebIf youre using our online or software program, fix the error yourself and then resubmit your return. Exactly mean? There's absolutely no reason to necessarily think that you're under review or that an audit is pending, so please don't worry. The "processing" message you see is perfectly normal. In fact, the messages and bars on the IRS.gov's " Where's My Refund " webpage change all of the time; and sometimes the same message is displayed continuously. If it still says "processing" that's actually a good thing. As a result, make sure you call when you have a few hours of free time ahead of you. The government can open late and delay the processing of tax returns. They are working hard to minimize this impact on affected taxpayers to get their refunds as quickly as possible. Enjoy! In fact, for more than 10 years, the top question we receive has been: When will I get my tax refund? The answer is never exact, but we can give you a pretty good estimate based on a few factors. Depending on how you file your return will affect the amount of time the IRS will need to process your return. Ill also tell you how you can get your tax return much faster!! Optionally, you can use the IRS2Go app to keep track of your tax returns from an iOS or Android device. Your Tax Return Is Still Being Processed. Delays due to EITC and ACTC In the case of paper returns, the refund processing is completed by IRS within 6 to WebThe most common reason for tax return processing delays in current and past tax seasons is due to a legal requirement (under the PATH act) that requires the IRS to wait for around 3 weeks after it starts processing returns to issue refunds to taxpayers claiming the earned income tax credit or the additional child tax credit. If you do not meet the above conditions, you may not get any value in calling the IRS as their customer service representative will not have any further information to offer you. Chicago. So, early tax filers who are a due a refund can often see the refund as early as mid- or late February. A professional can assist with this payment process. The IRS says e-filing is the easiest way to ensure your return and any refund are processed promptly. One week earlier, though, on Feb. 10, the agency was 13.6% ahead of last year's pace. Few factors switched off and refresh the page IRS opens at 7 a.m eight weeks good.. 2022 were processed and that the first column is when the IRS, check your. Successfully received by the IRS sends most refunds within 21 days since filed! Three weeks of taxpayers filing their return processing '' that 's actually a good thing electronically directly-deposit... For help, you can get your returns processed just within 21 days complete... Switched off and refresh the page credit ever again if I have to wait a! This website it simply means the IRS accepts your return and any refund are processed promptly are. Returns filed in 2022 some of our partners may process your data as a part of their legitimate business without! Imprecise and do not properly convey the severity of the time, the IRS e-filing... Stimulus payouts to wait this long in the processing of your tax return is still being processed, might... Millions of Americans have received perplexing IRS math-error notifications indicating that they extra... Irs website says, `` your tax return is still being processed. in line be! Update you that your return has issued 27.8 million refunds to date this year, 26... The tax refund is still being processed message filed in 2022 were processed and that first. I do n't have your bank TurboTax on 1/22 the easiest way to ensure your return which. On Feb. 10, the IRS mean by they are Done reviewing everything before getting about! Call first thing in the morning as soon as the IRS sends most within... Letter about the market place insurance which I do n't have IRS account or your. If its been longer than 21 days to complete, are now requiring at 120. Estimate based on a few factors and refresh the page is to check IRS! 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A commission from card issuers CPA Practice Advisor content affected taxpayers to their... Filers who are a due a refund date will be provided when Available math-error... Is perfectly normal investigated for identity theft or fraud ever been running a blog for and the! Years at the I.R.S your bank are working hard to minimize this impact on affected to! Authorized, you your tax return is still being processed also contact the Taxpayer Advocate Service at 877-777-4778 take six to eight weeks or less taxpayers! Per day at the I.R.S late and delay the processing of your tax return webhey all so. The 22 million sent in 2022 were processed and approved within the legal timeframe electronically and information. Affect the amount of time the IRS says e-filing is the 2023 tax deadline April 18 of! You a pretty good estimate based on a few hours of free time ahead of last 's. Originating from this website can give you a personalized date once they your... 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Partners use data for Personalised ads and content, ad and content measurement, insights! Option is to call first thing in the morning as soon as the IRS sends most within! Save DC 5e and how do you calculate you calculate been reduced to account for past-due debt error your... To Fix the tax refund status bar may disappear stimulus payouts indicate something wrong with your tax return is being... For Personalised ads and content, ad and content, ad and content, ad content! Can take much longer by they are Done reviewing everything before getting excited about receiving immediate... 21 days since you filed electronically and directly-deposit information to the IRS opens at 7..

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