![]() ![]() ![]() The PATH act means you cannot get a refund with earned income credit or child tax credit before the end of February at the very earliest.Īnd based on the delays for 2021 refunds I for one do not even want to guess how long the IRS will take to process 2022 returns and send out refunds. ![]() Last year we went well into February before they began to accept e-files. The IRS has not announced when they will begin to accept e-files for 2022 returns. State forms availability table for TurboTax individual (personal) tax products.IRS forms availability table for TurboTax individual (personal) tax products.IRS forms availability table for TurboTax individual (personal) tax products In the REVIEW tab the program will let you know if you are good to file and if not what you are waiting for and the estimated date they will be ready. this will not happen until January at the earliest, some will not be available until as late as March. You can keep checking this FAQ ( update to 2022 dates happens in late December)ĪND you cannot efile anything until all the forms/schedules are ready to be efiled. It has been reported that some of the delay this year is due to the new anti fraud security screenings that were implemented. ![]() The processing times will vary but, due to the continued under staffing situation and budget cuts the IRS had been subject to, they are likely to be much longer again this year. Some reviews are automated and some will require human attention. The basis of what triggers these reviews is a well guarded secret but some are just picked randomly every year. Some returns will be siphoned off for further review of some kind. Then once accepted into the pipeline many will process directly through without any delays and some will not. Some returns will be rejected before being allowed into the pipe and the rest will be accepted. Think of the IRS process as a long pipe line. It is possible that you get a DD date posted by the IRS and then a moment before the refund is released it gets put on hold while the IRS reviews the account which can delay it for months. However considering that the IRS processes more than 140 million returns which means 14 million will be delayed for more than 21 days. There are no refund charts to refer to anymore so don't plan on your refund being in your account on any certain date then you won't be disappointed or overdrawn. The IRS states that 9 of 10 returns will process in 21 days or less. They are processed individually these days so returns sent in at the same time will not necessarily process together or in the order they are received. The IRS can take as long as they want to process the return and there is nothing you can do about it but wait patiently. In April 2022, an NPR investigation, built on unreleased Education Department documents, revealed yet more problems with the department's handling of these IDR plans, including that several loan servicing companies weren't actually tracking borrowers' progress toward forgiveness (which the department knew) and that payment histories were often damaged and incomplete after borrowers were transferred from one servicer to another, a common practice.Here are my annual words of caution …patience is a virtue and don't plan on your refund being in your account on a certain date then you won't be disappointed or overdrawn. Forbearance may offer a short-term reprieve from payments, but interest continues to accrue. So loan servicing companies often put financially distressed borrowers into long-term forbearance instead, a process that the companies' call center workers could more easily navigate over the phone. Why? One huge problem: These IDR plans, meant as a safety net for low-income borrowers, were difficult to enroll in. While IDR rules have long promised a borrower's loan balance will be forgiven after 20 years of payments, a March 2021 report by borrower advocates found that, at the time, 4.4 million borrowers had been repaying their loans for at least 20 years – but only 32 had had debts canceled under IDR. Education You could still be eligible for student loan forgiveness under this plan ![]()
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