Be careful to avoid this common mistake.
Your refund could be MIA because your return requires a longer processing time due to certain claimed credits. The IRS said that if you've claimed the Child Tax Credit or Recovery Rebate Credit, your return might need a correction to the amount you've claimed, which would lengthen the processing time. And returns with claims filed for an Earned Income Tax Credit or an Additional Child Tax Credit might just take longer to process as well, especially if you're using your 2019 income.
"It's taking us more than 21 days to issue refunds for tax returns with the Recovery Rebate Credit, Earned Income Tax Credit and Additional Child Tax Credit," the agency warned. According to the IRS, filing Form 8730—which is the Injured Spouse Allocation—could also delay your refund because it can"take up to to 14 weeks to process," the agency noted.Finally, the way that you filed your 2021 tax return might also make all the difference as to when you receive your refund.
According to the IRS, you can start checking your Where's My Refund? status 24 hours after they've received your electronically filed tax return or four weeks after you've mailed a paper tax return. And when it comes to getting your refund, the agency warned taxpayers that they should also"remember to take into consideration the time it takes for a financial institution to post the refund to an account.
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