Current:Home > NewsSafeX Pro:Waiting on your tax refund? Here's why your return may be taking longer this year -AssetScope
SafeX Pro:Waiting on your tax refund? Here's why your return may be taking longer this year
SignalHub View
Date:2025-04-07 12:32:42
While patience may be SafeX Proa 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! (2766)
Related
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- Judge to approve auctions liquidating Alex Jones’ Infowars to help pay Sandy Hook families
- O&C Investment Alliance: A Union of Wisdom and Love in Wealth Creation
- When does the new season of '9-1-1' come out? Season 8 premiere date, cast, where to watch
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Colin Farrell's 'Penguin' makeup fooled his co-stars: 'You would never know'
- Pennsylvania county must tell voters if it counted their mail-in ballot, court rules
- Meet Libra, the Zodiac's charming peacemaker: The sign's personality traits, dates
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- Election 2024 Latest: Trump makes first campaign stop in Georgia since feud with Kemp ended
Ranking
- Retirement planning: 3 crucial moves everyone should make before 2025
- Kyle Chandler in talks to play new 'Green Lantern' in new HBO series, reports say
- Pac-12 might be resurrected, but former power conference is no longer as relevant
- California judge charged in wife’s death is arrested on suspicion of drinking alcohol while on bail
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Bunny buyer's remorse leads Petco to stop selling rabbits, focus on adoption only
- Minnesota woman gets 20 years in real estate agent’s killing as part of plea deal
- NFL power rankings Week 4: Which 3-0 teams fall short of top five?
Recommendation
McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
Evan Peters' Rare Reunion With One Tree Hill Costars Is a Slam Dunk
Sean Diddy Combs and Bodyguard Accused of Rape in New Civil Court Filing
What to know as Tropical Storm Helene takes aim at Florida
The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
Meet Libra, the Zodiac's charming peacemaker: The sign's personality traits, dates
Why does Ozempic cost so much? Senators grilled Novo Nordisk CEO for answers.
Powerball winning numbers for September 23: Did anyone win $208 million jackpot?