Tax Refund Status: The IRS is urging taxpayers to act fast as the April 15 deadline for filing 2021 tax returns is approaching. If you don’t submit your taxes in time, you could lose out on an average refund of $993. That’s a significant amount of cash, and more than 50,000 people in Pennsylvania are eligible for a piece of it.
Over a million taxpayers across the U.S. could receive a refund, totaling around $52 million in Pennsylvania alone. But if you miss the deadline, you risk forfeiting that money. Not only that, but missing the deadline could lead to penalties and interest charges on any owed taxes.
Tax Refund Status: What You Need to Know About Filing
To qualify for a refund, you must have had taxable income in 2021 and not yet filed your return. The IRS expects most refunds will be directly deposited into taxpayers’ bank accounts, which is quick and hassle-free. Taxpayers making less than $84,000 can file for free through the IRS Free File program, and military personnel have access to additional tax assistance services. The IRS makes filing easier than ever, with plenty of support for those who need it.
Tax Refund Status: How to Track Your Refund
Once you file your tax return, you can easily check the status of your refund. The IRS provides a tool called “Where’s My Refund?” which gives real-time updates. If you e-filed, you’ll get an update within 24 hours. Paper filings will take around four weeks for processing. Be sure not to file multiple returns, as it can cause unnecessary delays.
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Source:www.inquisitr.com
