Tax refunds can be a welcome financial boost, but not everyone receives the full amount they anticipate. The IRS outlines several reasons why your refund might be reduced or withheld entirely.
If you e-filed your return, you can expect to see status updates roughly 24 hours after submitting it. If you e-file a prior year’s return, your status will update within three-to-four days. If you submitted a paper return, it can take four weeks before your status is available.
Through Feb. 21, the latest date currently available on the IRS website, the agency has issued 29,615,000 refunds, roughly 2.3% more than the 28,945,000 that had been issued by this time last year. The average refund amount through Feb. 21 was $3,453, roughly 7.5% higher than the average refund of $3,213 at that time last year.
If you're expecting an IRS refund this year on your federal taxes, you might get an unexpected boost if your pay didn't.
Humans are so creative, so persistent. Take thieves, frauds and scammers. As long as there are dollars in someone’s bank account, there are other people devising ways to siphon those dollars and claim them as their own.
Some taxpayers won't get tax refunds on their 2024 returns, even if they had extra money withheld from their paychecks. There are a number of reasons the federal government can keep some or all of your money.
If you have already filed your federal and state tax returns, here's how you can check the status of your Wisconsin state tax refund.