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The IRS has finally finished issuing refunds to taxpayers who overpaid their taxes in 2021, when stimulus relief tied to COVID-19 provided tax breaks for unemployment benefits to millions of...
If you are amending a tax return from the 2020, 2021, or 2022 tax season, you can file your amended return electronically. It takes approximately 20 weeks to process paper and electronically-filed ...
“In 2021, we saw a taxable exclusion on the first $10,200 of unemployment income received in 2020. This so far is not the case in 2022. If someone received only unemployment during 2021, the ...
The IRS lists the following issues that might extend the tax refund processing time and delay your refund: Amended return refunds take about 16 weeks You’re filing an injured spouse claim
Common statuses include "Return Received," "Refund Approved," and "Refund Sent." The status may also indicate if there are any issues or delays with your refund.
Tax season for 2022 returns has officially begun as of this week, but 2020 returns are also in the news again. The IRS recently let Americans know they some may still be owed money from that time...
The agency corrected 14 million 2020 tax returns related to unemployment compensation, resulting in $14.8 billion in refunds that averaged $1,232 each. The IRS started correcting the returns in ...
Historically, the IRS has been able to process most returns and issue tax refunds within 21 calendar days of receiving it. Read on to get more info about waiting on your tax refund .