WebThe IRS is sitting on roughly 9.6 million unprocessed tax returns, owing billions in refunds. After 45 days, the agency has to pay interest on refunds to the taxpayer, currently at a 4% rate.... Web8 jun. 2024 · The average wait time for a tax refund has been roughly six weeks to eight weeks—which is far longer than the typical wait time of three weeks or less. Here's What You Need to Remember: There is ...
Filed a paper tax return in 2024? Expect to wait 6 months for a refund
WebHow far behind is the IRS? At the end of 2024, IRS had a backlog of about 10.5 million paper returns and returns stopped for errors. As shown in the figure, IRS addressed its backlog of 2024 paper returns. However, as of late September 2024, IRS had about 12.4 million returns to process, resulting in refund delays for millions of taxpayers. Web5 jul. 2024 · Through May 21, the IRS processed 5 million responses to Americans’ proposed adjustments to their returns, taking an average of 251 days to do so; that’s up from 74 days in fiscal year 2024, the most recent non-pandemic year. And so far in the 2024 tax-filing season, the agency has received 73 million calls from taxpayers but have answered ... long necked bird 5 letters crossword clue
How far behind is the IRS on tax returns? (2024)
Web13 aug. 2024 · The IRS is making progress on its backlog of unprocessed tax returns, but millions remain, the agency said Tuesday. As of June 10, there were 11 million pending … Web31 aug. 2024 · What's the average tax refund in 2024? According to the IRS, this year's average tax refund so far is $2,323. However, that number is expected to change as the … Web21 feb. 2024 · Affected taxpayers generally owe the IRS more than $55,000 (this figure is adjusted annually for inflation) in back taxes, penalties and interest for which the IRS has … hope credit union in west point