Millions of Americans are Waiting and Hoping for Their Tax Refunds
With millions of Americans still waiting for their tax refunds, life isn't getting any easier due to this crazy pandemic we're all trying to get through.
Personally speaking, I haven't had any troubles with the IRS and have received all of my tax refunds.
On the other hand, millions of people have been waiting a long time to get their hands on their refund checks so they can buy groceries and keep up with all their bills.
According to al.com:
As of September, the Internal Revenue Service has a backlog of some 8.5 million individual tax returns due, in part, to a recent flood of "math error" notices from the IRS. CNBC reports the IRS has sent roughly 9 million such alerts from Jan. 1-July 15, an increase of 628.997 in the same period last year. The vast majority of these-some 7.4 million-we're related to stimulus payments.
I'm not an expert when it comes to the IRS and knowing if and when this slow process will take care of itself by a certain date and time.
Al.com also adds:
"It is taking the IRS more than 21 days to issue refunds for some 2020 tax returns that require review including incorrect Recovery rebate Credit amounts, or that used 2019 income to figure the Earned Income Tax Credit and Additional Child Tax Credit," the IRS said.
There are several reasons as to why people haven't seen their tax refunds.
One of those reasons could be incomplete information on paper work. Another reason could be just reviewing all the information to make sure things are correct.
And let's not rule out identity theft with the way things are going these days.
My suggestion would be to call your tax person and have them look into it so you can get your tax refund as soon as possible. Good Luck!