Here’s the average tax refund as filing season is off to a 'good start,' the IRS says
The lower average amount could be in part because of thehalf of which was pre-paid monthly to families with qualifying children in the last six months of 2021. When those families file their 2021 returns, they will receive the other half of the credit rather than the full credit.
The IRS said people with uncomplicated returns who file electronically and get direct deposit should expect to see a refund within 21 days. The agency has been taking steps to beef up its staff to deal with last year’s backlog and to avoid a new one for 2021 returns, shiftingIt was initially reported that the IRS had some 10 million individual, amended and quarterly business returns still to process from 2020.
But as of Jan. 28, the National Taxpayer Advocate reported to Congress that the number of returns needing manual processing was9.7 million paper returns, 4.1 million amended returns, 4.1 million returns that were suspended because of errors with stimulus payments and pandemic relief issues and 5.8 million other returns that can’t be processed until correspondence between the IRS and taxpayers is addressed.
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