Although the Tax Season has already started, the truth is that Americans still have time to send the documents to the IRS. In the case that we have already sent them, the Internal Revenue Service of the United States could very soon send a Tax Refund to our current account.
However, there is an exception that makes the Tax Refund arrive later. But this does not have to be bad news. In this particular case, getting the Tax Refund a little later is not a bad thing, but quite the opposite. This way our Tax Refund will be higher, although it all depends on whether the IRS accepts our request.
In most of the occasions, this type of Tax Return is usually investigated in depth. Even so, it could be the case that the IRS does not take long to check all the documentation. But in the case of including any extra request, such as a Tax Credit, in most cases we will find ourselves with a longer wait to get the Tax Refund.
How to increase the IRS Tax Refund?
This time we are talking about the Child Tax Credit. This Tax Credit can bring extra money to thousands of families. At the same time, it can also reduce our taxes. Therefore, we will not always get money directly, but it can also come indirectly.
Find out more about the Earned Income Tax Credit at https://t.co/lAlbfQG0eB #IRS #EITC pic.twitter.com/z0u5AyjnaR
— IRSnews (@IRSnews) February 22, 2024
In any case, the important thing is to send the Tax Return as soon as possible. This is the only way to get the IRS to check all the documentation related to our Tax Refund and send us the money quickly.
Regardless of all this, remember to send the Tax Return early. If you don’t, you may have to pay a fine or penalty. To forget this kind of problems you just need to have all your documentation ready and send it to the IRS at the earliest possible time.
Until when can I send the Tax Return?
There is a deadline for most citizens. This deadline is April 15th of this year 2024. Remember that the Tax Return is about taxes for the year 2023. And although this is the deadline to send the Tax Return to the IRS in most cases, there are exceptions.
In the case that we need more time to send the Tax Return, the Internal Revenue Service allows us to request an extension of time. This extension is for 6 months, so we would have almost until the end of 2024 to send all the documentation.
Likewise, there are some States that already have this extension applied for various reasons. Likewise, some States will have a few more days to be able to send the Tax Return. Check well the Tax Season calendar in your State in order not to make mistakes.