With tax season already underway, many United States citizens are waiting to receive their Tax Refund. Although it is not immediate, it is something that we can receive shortly after filing our tax return. In the end, the IRS will give us the Tax Refund sooner or later depending on some factors.
That is why it is good to know the reason for the delay in order to solve it as soon as possible. The IRS does not send Tax Refund if all the data is not in order, so make sure that all the documents you make and send are perfect and on time.
Below you can see the most recent reasons for the delay of the Tax Refund. This way you will know what they are and you will be able to solve them as soon as possible. If you fix these delays, the IRS will send you your refund sooner and you will be able to count on it sooner.
Why is my Tax Refund late?
Here are the reasons why the Tax Refund may come later than you are expecting:
- For owing money on past taxes. Also for owing money to the IRS in child support or to some other agency, either federal or state. As soon as your Tax Refund is accepted, the State and Government will check to make sure you do not owe money. If you do, it will be deducted automatically.
- For claiming an ineligible dependent. To claim a dependent tax deduction you must meet very specific criteria. Before you do so, you must check the situation perfectly. Failure to do so may delay your IRS refund.
- Form 502B. To claim the Dependent Tax Refund you must include this form. If you do not include it, you will greatly delay the process.
- Watch out for the Social Security number. Since each Social Security number is unique, the same dependent cannot be included on two returns. If this happens, it will delay the tax refund. Also, be sure to spell the Social Security number correctly to speed up the process.
- For claiming a credit without including the corresponding form. This form is the 502CR or a similar form, along with supporting documentation. You can’t forget to add everything.
- For not doing your taxes correctly. Calculate your taxes well and check them before sending the return. The IRS will check all the details of your tax return. Ask for help from a specialist if you need it.
As a general conclusion, most of the delays of the Tax Refund depend on not doing one of the processes right. Double check all your documents and all your taxes before sending your return to the IRS.