Here’s How Long It Will Take to Get Your Tax Refund in 2022

Three-quarters of all Americans receive a yearly tax return from the IRS, frequently the most extensive check of the year for a household.

However, once the tax season begins on January 24, taxpayers may witness a repetition of last year’s processing snarls when the IRS held up around 30 million taxpayers’ forms – and refunds.

On Monday, Treasury Department officials have notified that this year’s tax season will be difficult once the Internal Revenue Service begins processing returns on January 24. This is partly due to the IRS’s massive backlog of 2021 returns.

The government had 6 million unprocessed individual returns as of December 23 – a considerable drop from a backlog of 30 million in May, but significantly more than the 1 million unprocessed returns that are more normal at the start of tax season.

Taxpayers may be concerned about delays in 2022, but the IRS indicated earlier this month that most Americans should receive their refunds within 21 days of filing – with certain conditions.

For example, issues such as math difficulties or improperly declaring how much you got through advanced Child Tax Credit payments might cause your tax return to be flagged, resulting in weeks or even months of delays.

Meanwhile, tax experts say there are several things people may take to secure a timely tax refund, which is especially critical this year given the IRS’s backlog.

National Taxpayer Advocate Erin M. Collins presented a report to Congress on Wednesday, warning that she is “apprehensive about the forthcoming filing season” due to the backlog, among other difficulties.

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“The first thing you know, if you’re going to make dinner, you have to have the kitchen cleaned up after the previous meal,” said Mark W. Everson, vice chairman of Alliantgroup and former IRS Commissioner.

“It just snowballs into a disastrous situation.” According to Collins ‘ report, delays in processing tax returns are one of the agency’s most urgent issues, which depicted an organization in crisis.

“Weeks And Weeks” Of IRS Delays

Even though the IRS claims that most refunds would be sent within 21 days, experts caution that delays are probable, citing the agency’s ongoing work on 2020 tax returns.

According to the most recent data published by the IRS, the IRS processed over 240 million tax returns and issued approximately $736 billion in refunds during the 2020 fiscal year, including $268 billion in federal stimulus payments.

irs dates for refunds 2022
irs dates for refunds 2022

In addition, about 60 million individuals contacted or visited an IRS office during that period. a professor of accounting and taxation, Donald Williamson, at American University in Washington, predicts “weeks and weeks” of IRS delays in 2022.

“In 2022, my recommendation is to file early, start tomorrow, and attempt to work with an expert to put your taxes together.”

To make matters worse, tax preparers told CBS MoneyWatch that it is still challenging to reach IRS officials on the phone. Collins said that the IRS responded just around one out of every nine taxpayer calls during the fiscal year 2021.

“Many taxpayers are dissatisfied because they are not getting answers to their issues,” she said. “In the old days, you’d call the IRS and wait 5-10 minutes,” said Christian Cyr, CPA and president, and chief investment officer of Cyr Financial.

But, he claims his CPAs have been waiting for hours to talk with an IRS representative, with no promise of ever reaching one. The refund last year on average was almost $2,800, ensuring a flawless tax filing comes with a lot on the line. 

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Tax professionals and the IRS offer advice on how to secure a tax refund within 21 days after filing, in the article below:

File Electronically

This is a step that the IRS is emphasizing this year. Although some people prefer to submit paper returns and others do not have an option, the IRS claims that taxpayers who file online have a better chance of completing their returns quickly.

This is due to the IRS’s reliance on computers to electronically process submitted returns, whereas humans must process paper returns.

In addition, during the early stages of the epidemic, the IRS closed its offices, and personnel stopped accepting mail, causing paper return processing to be delayed. Aside from employee difficulties caused by the epidemic, the IRS’s personnel has not kept pace with population growth.

Despite a 60% increase in population, the agency’s employment is presently the same as in 1970. This implies fewer people will be needed to manage a higher number of returns.

According to Taxpayer Advocate Service data, around 10 million persons submitted paper forms last year, accounting for approximately 7% of the 148 million returns filed in 2021.

Tax experts encourage individuals to join the 138 million taxpayers who currently use e-filing. “Paper is the IRS’ Kryptonite, and the agency is still buried in it,” said National Taxpayer Advocate Collins on Wednesday.

Get Your Refund Via Direct Deposit

The IRS also advises people to arrange for direct deposit of their refunds. According to the agency, the quickest method to obtain your money is to employ a combination of e-filing and direct deposit, which transfers the money directly into your bank account.

Last year, around 95 million customers got refunds, with approximately 87 million opting for direct deposit. According to the IRS, most taxpayers who file electronically and choose direct deposit will get their refund within 21 days, providing no difficulties with the return.

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Don’t Make Estimations

The IRS compares its statistics to the figures people provide on their tax filings. If there is a mismatch — for example, your W2 says you made $60,000, but you claim $58,000 on your tax return — the form is highlighted for manual review by an employee.

If this occurs, your tax return may probably be delayed for many weeks or perhaps months. That’s why tax professionals encourage consumers to double-check forms to verify they’re reporting data correctly.

In addition, filling out your tax return should not be based on “word of mouth or the honor system,” according to Cyr. “I can assure you that will create delays.”

Save IRS Letters About The Stimulus, Ctc

In that vein, the IRS is mailing letters to individuals who got the third federal stimulus check-in 2021, as well as the advanced Child Tax Credit installments, this month. These letters will advise each taxpayer of what they received via these programs in 2021; they are vital records to have since you will need to refer to those amounts when completing your tax return.

In addition, tax returns were delayed in 2021 in large part because taxpayers made errors in submitting their 2020 stimulus payment amounts on their forms, causing their tax files to be highlighted for manual scrutiny. “Don’t have any problems that are the result of your carelessness,” Everson advised.

The IRS will send two letters: 

  • Letter 6419 — advising taxpayers of their CTC payments in advance The agency started issuing these letters in December and will keep doing so in January.
  • Letter 6475 — concerning the third stimulus check This letter will be delivered in late January.

According to tax experts, keep both of these letters and refer to them while completing your tax return.

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If You Claim These Tax Benefits, You May Face A Wait

Even if you do everything right, a handful of difficulties might cause delays. BEFORE MID-FEBRUARY, the IRS states that it will not provide refunds, including the Earned Income Tax Credit (EITC) or the Child Tax Credit.

“The statute gives this additional time to assist the IRS in preventing the issuance of false refunds,” the IRS announced this week. That implies that even if you file as soon as possible on January 24, you may not receive a refund within 21 days if your tax return includes one of those tax credits.

The reason is a 2015 rule that delays refunds for anyone who claims these benefits. The regulation was intended to combat fraudsters who use identity theft to steal taxpayer refunds.

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