Exact date on which you will be reimbursed tax on average $ 2,200 depending on your application status
Exact date on which you will be reimbursed tax on average $ 2,200 depending on your application status

Exact date on which you will be reimbursed tax on average $ 2,200 depending on your application status

MILLIONS of Americans have already received an average tax refund of $ 2,200, and many taxpayers can expect to see their 2021 refund less than three weeks after filing.

New data from IRS notes that 4.3 million Americans have received tax refunds for returns filed in 2022.

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More than four million Americans have already received their 2021 tax refundCredit: Getty

An additional 131,000 have received direct contributions for outstanding returns filed prior to the current tax season.

These numbers are good news for taxpayers who were warned to expect challenges and treatment delays this season, despite the fact that the tax application opened a full 17 days earlier than in 2021.

The IRS said that taxpayers there request a direct deposit can expect to see their refund in three weeks or less.

If you file a paper return, you can expect to wait between six and eight weeks for a refund, according to the IRS.

The agency also noted this archiving in high season usually entails longer waiting time.

Avoiding a tax return on paper is more important than ever this year, said IRS Commissioner Chuck Rettig.

He urged taxpayers to submit their statements electronically and choose to get their refund by direct deposit.

The Ministry of Taxation offers free basic tax return preparation through its voluntary income tax assistance (VITA) and tax advice for the elderly (TCE) programs.

To track your income tax refundAsk your tax professional or use the Where’s My Refund tool on the IRS website.

You can also use the IRS2Go app to check your refund status.

WHEN TO CELEBRATE

Taxpayers are encouraged to submit their tax return electronically as soon as they receive it all tax documentssuch as W2, 1099s and interest statements for mortgages and student loans.

If you benefit from earned income tax deductions or additional child tax deductions, your refund may be released soon: by law, the IRS cannot issue these refunds until February 15th.

The IRS has said that Americans who claim the income tax deduction can expect a refund before the first week of March.

It is also important for taxpayers who have received Covid-19 stimulus payments or advances child tax deduction payments last year to ensure that they report the correct amount on their tax returns to avoid delays in processing.

Letter 6475 contains information on stimulus payment amounts, and Letter 6419 is essential for recipients of child tax deductions.

And even though the tax season started on January 24 this year, it ends a little later than usual.

Individual tax returns typically fall due on April 15, but this year is also the date on which Emancipation Day in Washington DC will be observed.

The day of liberationwhich is a public holiday in DC, falls on a weekend this year, so it will be held on the weekday closest to the actual date, April 16th.

Government offices will be closed, so the deadline for filing individual tax returns and for tax payments in 2022 is Monday, April 18th.

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