Why This Yr.'s Tax Refund May Be Delayed

In an ordinary year, most people receive their tax refunds within 21 days of filing electronically. But the past couple of years have been anything but ordinary, as the IRS has grappled with a backlog of paper tax returns during the pandemic and last year's tax-filing season start was delayed until mid-February. This year, the IRS began accepting tax returns on a more typical schedule on Jan. 24. But IRS Commissioner Chuck Rettig warned taxpayers to take special care when filing in 2022 to avoid experiencing processing delays similar to those seen in previous years, saying the IRS is "facing enormous challenges related to the pandemic" and acknowledging taxpayers' frustrations.  Read Full Article »