If you're expecting a tax refund, the most common advice is that you should file your tax return as soon as possible. There is no reason to let the government keep your money any longer. But for some filers this year, your early tax return will be delayed because of new laws designed to stop identity theft.
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.
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.
IRS Tax Refund 2019: So, Where’s My Tax Refund? Because of the government shutdown and the new tax law, there could be a delay in getting your tax return
Early Filers - You Will See A Delay In Your Refund. Congress passed a law last year that requires the IRS to HOLD all tax refunds that include the Earned Income Tax Credit (EITC) and Additional Child Tax Credit (ACTC) until February 15, 2019, regardless of how early the tax return was filed.
Will My State Refund Be Delayed in 2019? tax news | January 15, 2019 | By Susannah McQuitty ... no—the shutdown is unlikely to affect how soon people will receive their refunds. That’s on the federal level too; state taxes operate on their own individual systems, and delays of state refunds are usually caused by a crackdown on tax ...
If your tax documentation includes the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC), your tax refund will be delayed until February 15, 2019. Other reasons for a potential delay include the wrong name or Social Security number, math mistakes and incorrectly putting information on the wrong line.
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 ...
About 75% of American taxpayers get refunds in a typical year, even though the number is expected to be down somewhat in 2019 due to the Tax Cuts and Jobs Act (TCJA) passed in December, 2017. That ...
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.