Why is the IRS holding so many refunds?

There are many reasons why the IRS may be holding your refund. You have unfiled or missing tax returns for prior tax years. The check was held or returned due to a problem with the name or address.

Is the IRS holding 2020 refunds?

The IRS is open again and currently processing mail, tax returns, payments, refunds and correspondence, but limited resources continue to cause delays. You filed for the earned income tax credit or additional child tax credit. Your return needs further review.

Is being processed vs still being processed?

One is “still being processed” and the other is “being processed” and they both have different meanings. If you have the “Being Processed” message The “being processed” message is a good sign. If you have the “Still being processed” message If you have this message don’t panic when you see this message.

When does the IRS have to withhold tax refunds?

Part of this law includes a section that requires the IRS to withhold tax refunds for taxpayers who file a tax return claiming either the Earned Income Tax Credit (EITC) and Additional Child Tax Credit (ACTC). By law, the IRS must withhold these returns until at least Feb. 15th of the tax filing year.

How many tax returns are the IRS holding?

IRS is holding millions of tax returns, delaying refunds. The IRS is holding 29 million tax returns for manual processing, delaying tax refunds for many Americans, according to the National …

How long does it take to get a refund from the IRS?

Learn how long it usually takes to get a refund. 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. Where’s My Refund? has the most up to date information available about your refund.

What happens if the IRS freezes your refund?

If you prove to the IRS that you correctly took the deductions and/or credits, the IRS will issue your refund or corrected refund. The IRS can freeze your refund if it’s auditing your past tax returns and thinks you’ll owe additional taxes in the audit.

Why is the IRS holding my tax refund?

If you fall into the category of having claimed either of the aforementioned credits, it could very well be under scrutiny by the IRS which is why you haven’t received your refund yet. Hold offs can also happen due to amending your tax returns. Returns that are altered, or revised need to be sent by mail instead of filing electronically.

IRS is holding millions of tax returns, delaying refunds. The IRS is holding 29 million tax returns for manual processing, delaying tax refunds for many Americans, according to the National

How to contact the IRS about a tax refund?

If over 21 days since being Accepted by the IRS and the tax refund is still Processing you can call the IRS and speak with an IRS agent concerning your tax refund. Call the IRS: 1-800-829-1040 hours 7 AM – 7 PM local time Monday-Friday When calling the IRS do NOT choose the first option re: “Refund”, or it will send you to an automated phone line.

How long can IRS legally hold a refund?

How long can IRS legally hold refund? There is no statutory limit. However, after 45 days from the filing deadline they must pay interest on the refund, and after six months you can sue them in the Court of Claims. 1