Here's how long it will take to get your tax refund in 2022
Three-quarters of all Americans get an annual tax refund from the IRS, which often is a family's biggest check of the year. But this tax season could see a repeat of last year's snarls in processing, when about 30 million taxpayers had their returns — and refunds — held up by the IRS.
Treasury Department officials warned on Monday that this year's tax season will be a challenge once the IRS starts processing returns on January 24. That's largely due to the IRS' sizable backlog of returns from 2021. As of December 23, the agency had 6 million unprocessed individual returns — a significant reduction from a backlog of 30 million in May, but far higher than the 1 million unprocessed returns that is more typical around the start of tax season.
Original Article Source Credits: CBS News , https://www.cbsnews.com/
Article Written By: AIMEE PICCHI
Original Article Posted on: JANUARY 14, 2022
Link to Original Article: https://www.cbsnews.com/news/tax-refund-2022-irs-returns-january-24-2022-01-14/