Tax Refund and its Progress – 2022

Tax Refund and its Progress – 2022

If you filed your taxes with the Internal Revenue Service and want to know where your refund stands, you can do so through a dedicated page on the IRS website. Each day, typically around midnight, the IRS updates the status of submitted tax returns. 

Due to the fact that April 15 falls on a Friday this year, the IRS has extended the deadline for filing individual tax returns until Monday, April 18th.

Individuals had until April 18th, 2022 to submit their tax returns without being assessed penalties.

If you are an employee and need a W-2 form from your current or previous employer, you should get in touch with the human resources department.

Duration of Time Required to Receive a Tax Refund

  • Tax refunds requested through electronic filing are typically issued within three weeks, and can be received even more quickly through direct deposit.
  • When a taxpayer submits a paper tax return, the process can take six months or longer.
  • Over 11 million tax returns had not been processed by the IRS as of July.

Dates for Refunds – Tax 2022

Once your return is processed and your refund is approved, Where’s My Refund will provide you with a specific date. Most tax refunds are processed and issued within 21 days, but some may take longer if the return needs further review.

Here are a few reasons a tax refund may take longer:

  • The return may include errors or be incomplete.
  • Fraud or identity theft may compromise the return.
  • On weekends and holidays, many banks do not accept payments.
  • If additional information is required to process a tax return, the IRS will write to the taxpayer to request it.

As of March 1st, refunds will be issued to taxpayers who claimed either the earned income tax credit or the additional child tax credit.

  • They use a tax software to submit their paperwork online.
  • They choose to get their refund by direct deposit
  • That person’s tax return was audited and found to be in order.
  • Accurate and quick refund updates
  • In the 24 hours following the IRS’s acknowledgement of receipt of an electronically filed return or the four weeks following the mailing of a paper return, taxpayers may begin checking the status of their return. There are three stages of development represented in the tool’s tracker:
  • Accepted Return
  • Agreement to refund
  • Sending refund

Where’s My Tax Refund?

Taxpayers need to provide their SSN or ITIN, their filing status, and the exact, rounded-up dollar amount of their refund. You don’t need to check any more frequently than once a day because the IRS updates the tool overnight.

Making a phone call to the Internal Revenue Service will not hasten the processing of a tax refund. Where’s My Refund? has all the details you need to track down your refund. It is identical to the data accessible to IRS phone agents.