Why Is My Tax Refund Delayed?
Each year, the majority of people who file a tax return end up being due a refund from the IRS. And once you file your taxes, you'll no doubt want that money back quickly. But in some cases, you could end up waiting a lot longer than expected to get that refund. Here are some of the reasons.
The IRS typically issues refunds for electronically filed tax returns within three weeks. For paper returns, the turnaround is generally twice as long. That's why it pays to submit an electronic return, and that especially holds true this year.
As of December 2020, the IRS was still sitting on 1 million unprocessed returns for the 2019 tax year. Since paper returns need to be manually processed, staffing issues during the pandemic could cause additional delays this year, but filing electronically can help you avoid having to wait longer for your refund.
Source Fool.com
