What if my tax return is not approved after 21 days?
There is no regulation that requires the IRS to issue refunds within 21 days. The only regulation that applies to refunds is that the IRS must pay interest on any refund that is not issued within 45 days of the filing date (April 15) when the return is filed on or before that date.
Why is my tax refund still not approved?
An incomplete return, an inaccurate return, an amended return, tax fraud, claiming tax credits, owing certain debts for which the government can take part or all of your refund, and sending your refund to the wrong bank due to an incorrect routing number are all reasons that a tax refund can be delayed.
Why is it taking 21 days for tax refund?
Your refund may be delayed if you made math errors or if you forgot to sign your return or include your Social Security number. It may also be late if your dependents' information doesn't match IRS records or if you left out a corresponding schedule or form to support a deduction or credit, Pickering says.
Why is refund taking so long to approve?
While the IRS aims to process most refunds within 21 days, especially for e-filed returns, this isn't guaranteed. Delays can happen due to errors, the need for additional review, or specific claims like EITC or ACTC.
What happens if refund is not approved?
If a taxpayer receives the status update that their tax return was accepted but not approved, this means that the IRS has received their tax return, but they have not yet evaluated the information. Therefore, the taxpayer must wait to see if more action is required.
Should I be worried if my refund is still being processed?
If your refund status used to be your tax return is still being processed, but now the status says it is being processed, the IRS may have detected an issue in your tax return that could cause a delay in the release of your tax refund.
How do I know if IRS does not approve refund?
The most convenient way to check on a tax refund is by using the Where's My Refund? tool. Taxpayers can start checking their refund status within 24 hours after an e-filed return is received. The tool also provides a personalized refund date after the return is processed and a refund is approved.
What if it has been more than 21 days and no refund?
You should only contact the IRS if:
It's been 21 days or more since you e-filed. Where's My Refund? tells you to contact them.
How do I know if my tax return has been flagged?
Taxpayers whose tax returns have been flagged for possible IDT should receive one of the following letters: Letter 5071C, Potential Identity Theft during Original Processing with Online Option – Provides online and phone options and is issued most widely.
Is it 21 days from accepted or approved?
Remember, acceptance by the IRS doesn't mean approval of the refund yet—it just means you have made it to the starting line of the refund process. Keep an eye on the prize: most refunds, especially if you're using direct deposit, arrive within a 21-day window after acceptance.
How long after your refund is accepted will it be approved?
The IRS issues more than 9 out of 10 refunds in less than 21 days. However, it's possible your tax return may require additional review and take longer.
What do I do if my tax refund is taking too long?
The IRS says that tax returns can be delayed for the following reasons: It was sent by mail. It contains errors or is incomplete. It needs further review.
How long does it take for IRS to approve refund 2024?
Filing season reminders
Taxpayers who file electronically and choose direct deposit typically get their refund in less than 21 days. Taxpayers who don't have a bank account can find out how to open a bank account at a FDIC-insured bank or the National Credit Union Locator Tool.
Can your refund be denied after being accepted?
No, once the IRS accepts the return, it will not be rejected after. However, they may request additional information from you at any time. If you have received notice that the IRS accepted your return, you can be confident they have it, though that does not always mean they have processed it yet.
Is my refund still being processed after 21 days?
We issue most refunds in less than 21 calendar days. However, if you mailed your return and expect a refund, it could take four weeks or more to process your return.
What does it mean your tax return is still being processed a refund date will be provided when available?
That means the IRS has not yet determined the date when they will issue a refund to you. Your tax return was accepted by the IRS and is still processing. After the IRS will fully process your tax return, they will determine the date and that date will be posted.
What does it mean when your refund is delayed beyond normal timeframe?
Refund timing
The IRS issues more than 9 out of 10 refunds in the normal time frame: less than 21 days. However, it's possible that some tax returns may require further review and could result in the refund being delayed. Some common issues which may extend processing times: You mailed your return.
How long does it take the IRS to reject your return?
After January, e-filed returns generally sit in Pending status for 24-48 hours before coming back as either Accepted or Rejected. Sometimes state returns stay in Pending for several days or even longer. For more information please click this link.
What is the longest the IRS can hold your refund?
If you provide the information the IRS requested, the IRS should correct your account and resolve the refund issue (generally within 60 days). If you file a missing or late return, the IRS will process your returns and issue your refunds (generally within 90 days).
What does the IRS look for to approve your refund?
Your income. Your tax withholding. Tax credits you claimed on your return. The withholding claimed on your Social Security benefits.
What does reference 1242 mean?
IRS Reference Number 1242 is a code the IRS uses to notify you that your return has been selected for review.
How long does it take the IRS to verify a tax return?
Once we verify your identity and confirm you submitted the tax return, we'll continue processing your return. It may take up to 9 weeks to process.
Should I call IRS after 21 days?
Wait at least 21 days after electronically filing and six weeks after mailing your return to contact the IRS by phone.
Why is my federal taking so long to be accepted?
Why is my refund taking so long? A refund will take longer if you file by mail or don't select direct deposit. In addition, if the return is more complex or corrections are needed, it may slow the process down.
How long does it take for IRS to approve refund after identity verification?
After you verify your identity and tax return information using this service, it may take up to nine weeks to complete the processing of the return. Visit Where's My Refund? or use the IRS2Go mobile app 2-3 weeks after using this service to check your refund status.
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