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It's a delay that applies to all federal income tax returns that claim those credits. The earned income credit can be worth up to $7,830 for a family with three or more qualifying children in 2024 ...
The average federal income tax refund was $2,065 during this first two weeks of this year's tax season through Feb. 7, according to the IRS. That's up 18.6% from last year's tax season through Feb ...
Reasons for delay. You filed a paper return. Around 90% of tax returns are electronically filed. Paper returns largely have to be manually reviewed.
Erin Collins, the National Taxpayer Advocate, cautioned early in 2022 that realistically it could take six months to nine months for a refund, if you file your 2021 federal income tax return by paper.
Filing taxes on time is generally a good practice. In addition to releasing yourself of the burden, you can expect an earlier tax refund. ... To avoid a delay in the future, ... State and federal ...
It’s tax season. Here’s what you need to know about getting your tax refund.
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