WHAT’S THE HOLD UP: Older Americans appear to be disproportionately affected.
paper tax returns
National Taxpayer Advocate Erin Collins said in a recent report that the agency still needs to process about 21.3 million paper returns as of May 31 – a 7% increase from this same time last year, when there were 20 million unprocessed paper returns. Although more than 90% of taxpayers submitted their returns electronically last year at the request of the IRS, some 17 million sent paper filings, exacerbating the pile-up of returns. It is disproportionately older Americans who file their returns via mail. As a result, some taxpayers who submitted paper-filed returns have had to wait an unusually long time to receive their refunds, with wait times routinely exceeding six months.
The IRS announced earlier this week that it is on the verge of processing all error-free tax returns that it received in 2021. However, the agency has about twice as manyas normal that need to be processed, a Treasury Department official told reporters during a call on Tuesday, the result of directing employees' attention to the more-pressing backlog of 2021 returns.
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