Many tax filers are now seeing messages on their IRS2Go and WMR app that confirm their tax returns are going to take longer than normal to process. Tax Topic 152, which just alludes to ongoing and potential processing delays, has not provided much help.
The IRS also announced that early filers claiming the CTC and EITC credits, and hence subject to the PATH freeze (lifted on Feb 16th), will only see refund payments and direct deposits from late February.
Based on the latest data, [the IRS] had over 2 million unprocessed individual returns. These include tax year 2022 returns, 2021 returns that need review or correction and late filed prior year returns. Of these, 1.6 million returns require error correction or other special handling, and 475,000 are paper returns waiting to be reviewed and processed.
This work does not typically require the IRS to correspond with taxpayers, but it does require special handling by an IRS employee which results in processing and refund delays.IRS
I will continue to monitor/update readers on refund payments, processing delays and you can subscribe here or via the following options to get the latest news.
2012-2022 IRS Processing
With the pandemic entering it’s third year and ongoing staffing shortages, the IRS has confirmed what many have known – tax return processing and refund payments will likely take longer than expected this year.
A trend that was clear last year, IRS refund processing and payments may get even worse in 2022. Recent headlines from major publications all but confirmed this, as did the IRS’ own reporting.
However, even you file early and correctly as recommended using the best tax software providers, you will still likely face delays if your return has issues with items related to the advance child tax or earned income tax credit.
Ultimately many taxpayers will need to call the IRS to resolve their tax related issues, but that is going to be a lengthy process as getting through to a live agent can take hours during the peak of tax season.
But here are some tips and items to remember.
For more on the IRS tax season and useful FAQs, consider subscribing via the options below to get the latest articles.
Feel free to leave a comment below as well with your experiences or to help others stuck waiting for a refund.