R ead more on business and sign up for our business newsletter. To subscribe, please go to /specialoffer. "This is frustrating for taxpayers, for IRS employees and for me,” Rettig said.Ĭontact Susan Tompor v ia Follow her on Twitter tompor. “In many areas, we are unable to deliver the amount of service and enforcement that our taxpayers and tax system deserves and needs," Rettig said. Taxpayers generally will not need to wait for their 2020 return to be fully processed to file their 2021 tax returns and can file when they are ready.īut taxpayers should also realize that a stressed IRS system – and ongoing challenges relating to the spread of the omicron variant – are likely to take a toll on this year's tax season. All paper and electronic individual 2020 refund returns received prior to April 2021 have been processed, the IRS said, if the return had no errors or did not require further review. 3, the IRS has processed nearly 169 million tax returns. ► Want to file your tax return for free? TurboTax opts out of major programĪs of Dec. Taxpayers are encouraged to go to IRS.gov first. That was more than four times the calls than in an average year, the IRS said. The IRS phone systems received more than 145 million calls from Jan. Last filing season, COVID-19-era tax changes and pandemic challenges drove up calls. Rettig noted that IRS employees continue to work hard on critical areas affected by the pandemic, including the processing of tax returns from last year. Some tax filers are still complaining that they did not receive their refund yet from federal returns filed last year. Most taxpayers will receive their refund within 21 days of when they file electronically if they choose direct deposit and there are no issues with their tax return, according to the IRS. What's the official timetable for refunds? But stimulus checks are making them rethink that. ► Millions don't use traditional bank accounts. The tax deadline was extended last year to May 17. The IRS issued 95.6 million refunds and a total refund amount of $270.3 billion. Last year, the average income tax refund was $2,827 as of May 21, according to IRS data. (Those who live in Maine or Massachusetts have until April 19 because of the Patriots Day holiday in those states.) The deadline for federal income tax returns is April 18. The prepared returns will be electronically submitted to the IRS when filing season officially begins. Many tax preparation software sites and offices are already up and running even though the IRS won't accept e-filed returns until later in January. They would need to file to claim a "Recovery Rebate Credit" to receive the tax credit from the 2021 stimulus payments or reconcile advance payments of the child tax credit. Like last year, the IRS said, some individuals will need to file tax returns even though they are not required to file because of a low income. ► The Daily Money: Get our latest personal finance stories in your inbox Some who don't normally file returns need to file
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