Tips for Handling Delayed Tax Refunds
Reasons for Delayed Tax Refunds: What to Do If You Haven't Received Yours Yet
Missing a refund? Don't panic. Take a look at some of the reasons why it may be delayed.
1. It's only been a couple of weeks
The IRS typically issues tax refunds within 21 days of receiving tax returns. If you sent in your taxes 14 or 15 days ago, you may just have to sit tight a little bit longer until that money arrives in your bank account.
2. You filed your taxes on paper
If you're someone who files a physical tax return, expect your refund to take longer. The IRS says it typically takes six to eight weeks to receive a refund following a paper return. And a big part of the reason is that these returns have to be processed manually.
3. You entered the wrong banking details for direct deposit
If you entered the wrong bank account or routing number when you asked for direct deposit, it could be delaying your refund.
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.