IRS Tax Refund 2022: When will the IRS start releasing Tax Refunds?
There is important news today regarding the tax season which starts on January 24th. The deadline to file your 2021 taxes is April 18, 2022. It is important to file electronically this year as well as report the correct amount for those who received an Economic Impact Payment or an advance Child Tax Credit.
The IRS predicts that the majority of taxpayers will receive a tax refund within 21 days of it being filed electronically, with the advice being to avoid filing a paper return if you do not want to incur any delays.
By law, the IRS cannot issue a tax refund involving Earned Income Tax Credit or Additional Child Tax Credit before the middle of February, but you can still file your return from January 24.
Should your tax return require special handling by an IRS employee, it could take more than the usual 21 days to issue any refund. If this ends up happening to you, the IRS may correct the issue and then send an explanation. The link is below if you are interested to find out more: