And in 2019, there is a special reason your tax refund will be delayed: the Trump government shutdown. The sad part is, though, that many honest people will see their tax returns delayed by several weeks. Now, that's not detrimental, but it is a longer wait than in past years.
Tax season can be stressful but the saving grace is that many tax filers will receive a refund. In past years, about 75% of filers receives refunds after filing their federal income tax returns. Many people even count on a refund to help them pay down debt or cover bills early in the year. That means a delayed refund can cause problems for some.
What About State Tax Refund Delays? Many states are also reporting delays in tax refunds this year. Much of this trickles down from delays at the IRS that were caused by the government shutdown. Many states use the federal tax code for guidance, and some federal laws trickle down into state laws.
Delays At The IRS and Tax Software Companies. Even though the government is re-opened, the IRS isn't running at full capacity yet. There is a huge backlog of work that needs to be caught up from ...
2017 Tax Refund Delay For Some There is a new federal law enacted that will cause a 2017 Tax Refund Delay for those claiming the earned income credit as well as the Additional Child Tax Credit. The IRS has started releasing this information to prepare taxpayers for a potential 2017 Tax Refund Delay.
Accountants are worrying about the prospect of an extended federal shutdown as tax season approaches. That means there's a possibility that tax refunds may be delayed and it could be difficult to ...
IRS employees are some of the most impactful federal workers caught in the middle of the shutdown, as the tax filing season begins and millions of Americans are expected to seek tax refunds in ...
Amending your tax return can also create a delay. Amended returns must be mailed, rather than filed electronically. When you amend a return, it can take up to three weeks for it to show up in the ...
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 E. Holland, CPA, CFP, and former IRS agent.
Information about refunds associated with filing taxes. Status of a return is usually available within 24 hours after the IRS has received an e-filed return or 4 weeks after a paper return received by mail.