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Publication 6292AStatistics of Incomehttps://www.irs.gov/statistics/projectionsoffederaltaxreturnfilingsFiscal Year Return Projections for the United States: 20222029 The Internal Revenue Service.
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Semiannually FAQ
If you don't receive your refund in 21 days, your tax return might need further review. This may happen if your return was incomplete or incorrect. The IRS may send you instructions through the mail if it needs additional information in order to process your return.
More In Refunds 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.
If you file a complete and accurate paper tax return, your refund should be issued in about six to eight weeks from the date IRS receives your return. If you file your return electronically, your refund should be issued in less than three weeks, even faster when you choose direct deposit.
The IRS refuses to guarantee a day you'll get your refund. Timing also depends on how you file and whether you get your return via direct deposit or check. For most people who file electronically though, the IRS issues refunds within 21 days of filing.
Accepted means your tax return is now in the government's hands and has passed the initial inspection (your verification info is correct, dependents haven't already been claimed by someone else, etc.). After acceptance, the next step is for the government to approve your refund.
After 60 days, you'd need to file an amended return to reverse any errors and get your refund back. If the IRS thinks you claimed erroneous deductions or credits, the IRS can hold your refund.
Who gets audited by the IRS the most? In terms of income levels, the IRS in recent years has audited taxpayers with incomes below $25,000 and above $500,000 at higher-than-average rates, ing to government data.
The Inflation Reduction Act of 2022 allows new ways for ensuring eligible taxpayers receive their credits. Check back for details and to learn how we plan to implement them.
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