It's been two months since the tax deadline passed. Hafiz Ismail/EyeEm

Still Waiting For Your Tax Refund? The IRS Owes More Money

This story is part of Tax 2022. has the best tax software and everything you need to file your returns quickly, accurately, and on time.

The US tax filing deadline (or extension) of April 18 has passed and most Americans have received their tax refunds. According to the IRS Final Report for the 2022 filing season, the IRS issued more than 96 million refunds, averaging $3,039 each.

If you file your return on time but don’t receive your expected tax refund, the IRS may owe you more money. The tax refund comes from the “overpayment” of the 2021 tax, and the IRS must begin paying interest on the overpayment 45 days after the tax refund is received.

You can use the IRS Tax Refund Tracker to check the status of your scheduled tax refund. This tracker will also tell you if the IRS has denied your refund due to an error.

Read on to learn how the IRS works with interest on overpayments, how to use the agency’s tools to track your tax returns, and how to access your IRS account online for more information.

What happens if I file my tax return on time but don’t get my money back?

There are many reasons why your tax refund may not be processed in full and your refund may be delayed. You may have made a return error that requires manual processing, or you may have simply included an unknown form. Regardless of the reason for the delay, if the IRS does not issue the refund within 45 days of receiving the refund, the agency must begin paying interest on the refund.

The 45-day period begins on the tax filing due date or the last date the IRS receives an “actionable” tax return. If you register online on time, the countdown will begin on April 18. If you file a written report, it begins the day the IRS determines your report is acceptable.

The bad news is that any IRS interest you receive on your refund becomes taxable income, just like interest you might receive on a checking or savings account. The good news is that interest on IRS overpayments will drop to 5% starting July 1. The IRS interest rate on overpayments is set at the federal short-term interest rate plus 3 percentage points. The full IRS rate hike will take effect next month, with the Fed raising rates 0.75% in early June.

How long does it take to get a tax refund?

The IRS generally issues federal tax returns within three weeks. Some taxpayers may have to wait longer, especially if the report contains errors.

According to the IRS website, if an issue delays your return, “removal processing will be based on the timeliness and accuracy of your response, the training of IRS staff, and your ability to work within distancing requirements.” Social”.

The date you receive your tax refund will also depend on the method you used to file your return.

If your tax refund is deposited into your bank account via direct deposit, it may take an additional 5 days for your bank to deposit the money into your account. This means that if it takes the IRS 21 days to issue a check and 5 days for the bank to deposit it, you can wait a total of 26 days for your tax refund. Online services like Venmo and Cash App can offer tax refunds a few days early because there’s no waiting period for direct deposit.

If you file your tax return by mail, the IRS advises that it can take six to eight weeks for your tax refund to arrive after it is processed.

What can delay your tax return?

Common reasons for late tax returns include:

IRS Commissioner Charles B. Ritting says he received “more than $10 million in refunds” last year because the House Ways and Means Committee failed to reconcile credit reminders and refunds received by taxpayers. This requires manual review and resolution.

The IRS will provide an explanation if the delay is due to a tax correction required for a catch-up credit deduction, earned income tax, or additional child tax credit claimed on your return. If there is a problem that needs to be fixed, the IRS will try to proceed without contacting you first. But if he needs more information, he will write to you.

If you request a paper check for your tax return, it will take an additional six to eight weeks, according to the IRS.

How to track a refund using the My IRS tool

To use the IRS tracker, you must provide your social security number or personal tax identification number. Your application status (single, married, or head of household), a full refund noted on your tax return. Please make sure you allow at least 24 hours before you start tracking your refund, or 4 weeks if your returns are mailed.

Go to Get Refund Status on the IRS website, enter your personal information, and then click Submit. You should be redirected to a page showing the status of your refund. Otherwise, you may be prompted to verify your personal tax information and try again. If all information is correct, you must enter the tax filing date and indicate whether you filed your registration electronically or in writing.

What if I am looking for information returned from a prior fiscal year?

The My Recovery tool at Where lists federal recovery information available to the IRS for the past two years. You will need to check your account online to find the return details for previous years.

Here you can see the total amount due, your payment history, basic information about your most recent tax return, IRS notices, and your address on file.

How to Track Returns Using the IRS2Go App

The IRS2Go app is available for iOS and Android.

The IRS also has IRS2Go, a mobile app to check the status of your tax return. It is available for iOS and Android and is available in English and Spanish. This will ensure that the return has been received and approved, and that a refund has been issued.

You’ll need your social security number, enrollment status, and expected refund amount to log in. The IRS updates your application overnight, so if you don’t see a status change, check back the next day.

What does filing status mean for IRS tax filing purposes?

Both IRS tools (online and mobile apps) display one of three messages that describe the status of your tax return.

Why am I getting the error message “Tax Subject 151 or ” ” Tax Subject 152 ” or IRS?

The My Refund Location tool typically shows a status of Received, Approved, or Shipped, but some users may see a variety of other messages.

One of the most popular is tax item 152, which indicates that you are most likely to get a refund but have not yet been approved or filed. This notice links to the information page on the IRS Frequently Asked Questions website, which explains the types and timing of tax returns.

Delays may result in automated messages being sent to taxpayers applying for child tax credits or earned income tax credits due to an additional fraud prevention step.

Taxable 151 means that your tax return is currently being reviewed by the IRS. The agency has decided to reduce your tax refund to pay for certain balances or dependents that you need to verify or believe you owe. You will have to wait about four weeks for a notice from the IRS explaining what you need to do to resolve your case.

There are other IRS refund codes that a small number of taxpayers receive. This indicates a freeze or accounting error on a tax return or an undelivered check. College Investor provides a list of IRS error and redemption codes and their meanings.

Can I contact the IRS for an answer?

You can try contacting the IRS to verify your status, but the agency’s phone support is very limited.

The IRS directs taxpayers to the Let Us Help You page on its website and asks them to get in-person assistance at Taxpayer Assistance Centers across the country. You can make an appointment by contacting your local IRS office or by calling: 844-545-5640. If you are eligible for assistance, you may also contact Tax Attorney Services at 877-777-4778.

Although it’s unlikely you’ll get direct help, the IRS says you should only contact the agency directly if it’s been more than 21 days since you filed your taxes online or if the Refund Tool website prompts you to do so. You can call 800-829-1040 or 800-829-8374 during normal business hours. If you haven’t gotten your money back yet, you don’t need to file a second tax return.

Why does “IRS TREAS 310” appear on my bank statement?

If you received your tax refund via direct deposit, you will see IRS TREAS 310 included in your transaction. Code 310 defines a transaction as a simple refund from a tax return filed as an electronic payment. TAX REF may appear in the Description field for refunds.

If a449 is displayed instead of 310, it means that the past due debt has been paid.

Why was my refund mailed instead of credited to my bank account?

There are many reasons why rebates may be mailed to you. Your money can only be electronically deposited in your name, your spouse’s name, or to a bank account in a joint account. If your bank refuses to deposit for whatever reason, this may be the best way to get your money back.

Also, the IRS can only deposit up to three refunds into an account, so if you receive multiple refund checks, you should mail them. If you get a refund check in the mail, learn how the IRS tracks it to your mailbox.

Direct deposit does not always automatically refund. To be sure, log in to your IRS account and verify that the institution has the correct banking information.

How do I know if I received a refund by mail?

USPS Informed Delivery is free mail tracking software that analyzes incoming messages and sends you images of them as they are delivered.

Informed Delivery has a free app for Android and iOS.

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