Why The IRS Has Delayed over 35 Million Refunds.
More than 35 million tax returns have not been processed as of today causing substantial distress for individuals and business owners relying on their tax refunds coming in on time. This unprecedented volume of unprocessed returns is more than four times greater than at the end of the 2019 tax season.
The Federal government instituted many pandemic recovery tax credits which the IRS has to process. An enormous number of Refund Recovery Credits, Earned Income Tax Credits, and Advance Child Tax Credit claims still have to be processed, meaning fewer IRS employees are available to focus on Tax Returns.
Because of these stresses on the IRS’s systems, not much can be done besides remaining patient. If you’ve filed everything correctly, the IRS will eventually process your return.