The Internal Revenue Service (IRS) will finally finish processing its tax returns for a group of Americans starting 2021 this week.
average return It was $3,039 in 2022 as of May 20.
However, those who are waiting on error free Tax Returns are in luck.
The IRS said in a statement that it would end processing for that group this week.
As of June 10, the IRS had processed more than 4.5 million of the 4.7 million that were fielded in 2021.
It is not clear how many of those are related to errors.
The agency did not respond to The Sun’s request for comment.
when you get your return
When you will receive your return will depend on how you filed it.
Assuming the return is correct, the agency usually issues a refund in less than 21 days.
On the other hand, paper returns can take six to eight weeks.
Meanwhile, it can take 90 to 120 days if any of the following credits need improvement:
Additionally, you will receive your refund quickly using direct deposit.
You can check the status of your refund using the IRS. where is my refund tool.
What about other returns?
Unfortunately, if you’ve filed a return with an error, you may still be waiting – but it’s making progress.
According to the IRS, as of June 10, 360,000 returns were awaiting improvement, compared to 8.9 million during the same month last year.
The IRS said it is making “intense efforts” to process the returns in the coming months.
It has new technology that allows it to make accurate 180 to 240 returns per hour.
IRS Commissioner Chuck Rattig said, “Completing the personal return you filed last year flawlessly is a big milestone, but there’s still work to be done.”
“We remain focused on doing everything we can to expedite the processing of these tax returns, and we continue to add more people to this effort as our hiring efforts continue this summer.”
What about this year?
In all, the IRS filed 11 million unprocessed returns this year and before 2022.
According to the IRS, taxpayers are receiving an average refund of $3,039 as of May 20.
This is compared to $2,827 during the same period last year.
For more news this tax season, here it is four reasons Why is your tax refund getting delayed?
We tell you why Tax refunds could be smaller in 2022,
Also, check out Key Dates and Deadlines this year.