What Happens When Your Tax Refund Is Delayed
Thursday, 23 May 2024, 12:00
Understanding Tax Refund Delays
When your tax refund is late, it's essential to know the rules and regulations that dictate whether you receive interest from the IRS.
Interest Eligibility
- In some cases, the IRS may pay interest on delayed tax refunds, depending on the circumstances.
- If your return is error-free, the IRS is obligated to issue your refund promptly.
- If the IRS fails to do so within 45 days, they must pay you interest on the overdue amount.
Checking Refund Status
- Use the IRS's 'Where's My Refund' tool with your Social Security number, tax-filing status, and refund amount.
- Ensure faster processing by filing electronically and monitor your refund status for any delays.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.