Still Waiting For Your Tax Refund? We Have Answers
Whether you filed your taxes by the extended October 15 deadline or earlier, your 2020 refund could take much longer to process this year. We understand that several of our clients are still waiting for their checks and want to provide some perspective— and answers.
So, what’s behind the historic delays? In short: COVID-19. The pandemic created a “perfect storm” of challenges and a backlog of paperwork, according to National Taxpayer Advocate Erin M. Collins. She notes that the IRS not only had to process tax returns this year, but also issued three rounds of stimulus payments, refunds for unemployment tax overpayments, and more — all while working with restricted access to IRS facilities.
In early October, the IRS announced that it still had 6.8 million unprocessed individual returns that contain errors, along with amended returns that require corrections or special handling. While refunds typically take around three weeks to process, the IRS added that delays could now take up to 120 days.
Still waiting for your tax refund? If so, you can quickly and easily track your money on the IRS website, via a section called Where’s My Refund? Simply enter your social security number, filing status (e.g., single, married-filing joint return, head of household), and the refund amount as shown on your tax return, and you’ll get an update on your tax refund.
If you have questions about your refund status or any other tax-related issues, the CJBS team is always happy to help. Feel free to contact us today!
Stay safe & healthy,
The CJBS Team