Electronic income

Income Tax Refund News: When Can You Expect Your Return in 2022?

Updated

12/22/2021 –
01:40

It appears that if you are a taxpayer awaiting the return to normal of your annual return at the approach of the Covid-19 pandemic, the news is not very encouraging, although it is true that it will be a less stormy process than last year.

There is uncertainty for those who file their annual return as to when they will receive their refund, and it is likely that this process will take a few days, but it should not be as dramatic as it happened in 2020 or so. the current 2021, we therefore present to you a general overview which may have some adjustments that will depend on the fiscal stimulus laws that will be approved in the short term.

A complex process

According to the tax lawyer Ken berry, the 2022 tax process is expected to be complex with additional red tape, however, we have to wait a bit to see the reality.

The main recommendation is to prepare the annual income tax return before Friday April 15, 2022 and not all prospects are negative because if the return can be produced, the estimated time to receive the refund check or direct deposit can be three weeks at the most and fifteen days at the minimum.

Before the pandemic, declarations are accepted during the last week of January, however, if a law is passed this onset could be delayed by a week or two and so if the declaration is filed as soon as possible it is likely that the reimbursement will arrive at late February or early March.

Dates of the annual tax declaration

On the other hand, although the previous two years presented many problems for the filing of the annual declaration and the IRS gave extraordinary extensions for these tax processes, these extensions are not expected to occur in 2022.

However, these factors could speed up or delay the filing of returns and therefore the receipt, if applicable, of the refund.

– The date on which the annual declaration is filed.

– If the taxpayer claims certain credits (in particular EITC and CTC).

– If the declaration is filed electronically or sent by post.

– If the taxpayer has existing debts to the federal government.