Current:Home > InvestWaiting on your tax refund? Here's why your return may be taking longer this year -QuantumFunds
Waiting on your tax refund? Here's why your return may be taking longer this year
View
Date:2025-04-16 13:29:33
While patience may be a 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! (16)
Related
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- Jenna Ortega addresses rumor she was in a 'serious relationship' with Johnny Depp
- Former North Dakota federal prosecutor who handled Peltier, Medina shootout cases dies
- Don’t Miss Gap Factory’s Labor Day Sales, Up to 70% off Plus an Extra 15% with Chic Styles as Low as $12
- See you latte: Starbucks plans to cut 30% of its menu
- This iPhone, iPad feature stops your kids from navigating out of apps, video tutorial
- Today Only! Run to Coach Outlet's Sitewide Sale & Save up to 90% off Bags, Wallets & More Starting at $21
- Can you actually get pregnant during your period? What an OB/GYN needs you to know.
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Fanatics amends lawsuit against Marvin Harrison Jr. to include Harrison Sr.
Ranking
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- 10 most surprising roster cuts as NFL teams cut down to 53-man rosters
- Taylor Swift's childhood vacation spot opens museum exhibit with family photos
- Michigan golf club repays pandemic loan after lawsuit challenges eligibility
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Chiefs bringing JuJu Smith-Schuster back to loaded WR room – but why?
- A judge pauses key Biden immigration program. Immigrant families struggle to figure out what to do.
- A judge pauses key Biden immigration program. Immigrant families struggle to figure out what to do.
Recommendation
Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
How much does the American Dream cost after historically high inflation?
Who Is Kick Kennedy? Everything to Know About the Actress Linked to Ben Affleck
BMW, Tesla among 743,000 vehicles recalled: Check car recalls here
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
Florida says execution shouldn’t be stayed for Parkinson’s symptoms
Selena Gomez Reacts to Taylor Swift Potentially Doing Only Murders in the Building Cameo
Chiefs bringing JuJu Smith-Schuster back to loaded WR room – but why?