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Depression When Did Wellbutrin Start Working For You? If you should receive a refund, you will be provided with a date when it will be issued as soon as it is available. The IRS expects most EITC/Additional CTC related refunds to be available in taxpayer bank accounts or on debit cards by March 1, if they chose direct deposit and there are no other issues with their tax return. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. There's absolutely no reason to necessarily think that you're under review or that an audit is pending, so please don't worry. Washington the internal revenue service today kicked off the Perhaps your numbers and your employers numbers did not match, or you accidentally skipped a line or an entire form, or maybe you claimed a credit that the IRS takes longer to check. Your 2022 Tax Return is Not Processed Will My 2023 Refund Be Delayed? Return being processed means the irs received your tax return, but it could still be delayed. It is important to understand in this case that your tax return was accepted, but yourtax refund is still processing. In general though, most people will receive their tax refund within 21 days if they have filed their return electronically. https://www.fdic.gov/resources/deposit-insurance/. The PATH Act was put into place to protect taxpayers from fraud and identity theft. The prompt means that the IRS has received your return, but. This conflict of interest affects the ability of Acorns to provide clients with unbiased, objective promotions concerning the products and services of its business partners. Also Check: Tax Credits For Electric Vehicles. This could mean that you made a mistake on your return, the IRS found a mistake, or the IRS is double-checking some items. Why is my tax return still being processed? I recommend you look into the following legal terms and concepts. If youre waiting on a bigger refund, that could be real interest, and it compounds daily, Samuels says. Your best bet is to call first thing in the morning as soon as the IRS opens at 7 a.m. ET, Samuels says. In January 2021, that number was at around 7 Received means that your request is being processed. Also note you can only check your current year refund status via this method. Money in a custodial account is the property of the minor. Is IRS still processing 2021 tax returns? Just match up the code with the one in the list, and see what the problem could be. You should wait until they are done reviewing everything before getting excited about receiving an immediate update on your refund status. The IRS notes that it cant issue a refund that involves the Earned Income Tax Credit or the Child Tax Credit before mid-February. The number of unprocessed original returns is nearly 8 million, up from 5.1 million this time last year. However, be prepared to stay on the line for a long time before your call is answered. As a result, your tax refund is guaranteed to get there sooner and is less likely to be lost in the mail.