Have you changed bank accounts since you last filed your taxes? If so, pay close attention to what the direct deposit information says when submitting your return this year.
Such debts could delay the arrival of your remaining tax refund or eliminate it completely. The Treasury Offset Program enables the IRS to take all or part of your tax refund to pay obligations such as child support, state taxes or unemployment compensation repayments. Taxpayers whose refunds are used by the IRS to cover existing payment obligations should receive a CP49 notice in the mail.Įven if you don't owe the IRS money, the agency can keep your tax refund money if you have other debts to state or federal agencies. If your refund contains more money than you owe, you'll receive the remaining balance via direct deposit or check in the mail, but it could be delayed. If you owe back taxes to the IRS, the agency may take some or all of your tax refund to pay off that debt. That means it could be days or weeks before you know there's a problem. Note that if there's a problem that needs to be fixed after you submit your return, the IRS will first try to proceed without contacting you. If an incorrect amount is entered, the IRS will need to further review your tax return, which the agency says will result in an "extensive delay." Before you submit your taxes to the IRS, simply take a second look to fix any potential errors and make sure you've filled out each field.Īlso, if you received child tax credit payments last year, make sure the amount on Letter 6419 matches the amount you received. For instance, don't mix up the numbers of state taxes withheld with federal taxes withheld. When you file your tax return, it's important to cross-check any information you've included to make sure it's accurate. Your tax return has errors or is incomplete
STILL HAVEN T RECEIVED MY TAX REFUND 2020 HOW TO
For more, find the best free tax software, see how to track your refund to your bank account or mailbox, and learn how to create an online IRS account. Here are 10 of the most common reasons IRS money is delayed this year.
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