IRS Tax Refund 2022: When will the IRS start releasing Tax Refunds?

Posted on May 26, 2022

The U.S. tax season has already started, so Americans should file as soon as possible to be the first to receive their tax refunds.

On Monday, January 24, the Internal Revenue Service began to receive tax returns for 2021 and it is key to be among the first to send them in order to receive as soon as possible the payments for refunds and benefits that the government grants.

After the start of the tax season in the United States for the Internal Revenue Service (IRS) to begin issuing tax refunds, thousands of Americans have been waiting in anticipation.

The tax agency is ready to accept and process returns for the 2021 tax year. Here we provide you with all the necessary information.

Tax season kicked off in the United States on Monday, as the IRS had announced, so it won't be too long before the topic of tax refunds starts to enter people's minds.

Some people will receive the Recovery Rebate Credit if they have money left over after comparing their projected 2021 credits and the remaining stimulus money.

"Planning for the nation's filing season process is a massive undertaking, and IRS teams have been working non-stop these past several months to prepare," said IRS commissioner Chuck Rettig.

"The pandemic continues to create challenges, but the IRS reminds people there are important steps they can take to help ensure their tax return and refund don't face processing delays. Filing electronically with direct deposit and avoiding a paper tax return is more important than ever this year.

"And we urge extra attention to those who received an Economic Impact Payment or an advance Child Tax Credit last year. People should make sure they report the correct amount on their tax return to avoid delays."

What is the date for releasing tax refunds?

Although the deadline to file your 2021 taxes is April 18, 2022, the sooner you can file, the sooner you could receive a tax refund. In fact, last year the average tax refund was more than $2,800.

The IRS predicts that most taxpayers will receive their tax refund - if they qualify - within 21 days of e-filing, with the advice being to avoid filing a paper return if you don't want to incur delays.

It is important to remember that, by law, the IRS cannot issue a tax refund involving Earned Income Tax Credit or Additional Child Tax Credit before the middle of February, yet 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.

Original post: https://www.marca.com/en/lifestyle/us-news/2022/01/17/61e5660aca474196588b456c.html 

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