On average, the tax refund is estimated at $ 3, and more in times of pandemic. 9 of each 10 Refunds are issued within 21 days after electronic filing
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Thursday, November 14
40 million taxpayers have not filed their tax return: the deadline set by the IRS expires on Monday
If you are one of those who have not yet submitted their tax return within three business days of the end of the tax season, you should hurry up, since you are part of the million taxpayers who are about the time to submit your tax returns to the IRS.
The figure is not less, taxpayers have postponed their tax obligation, they are joined with the increasing delays that are taking place in the Internal Revenue Service, who have been unable to release tax refunds for weeks for millions of taxpayers per the large amount of work.
According to IRS data, so far, 121 millions of people have filed their tax returns, of which they have already met their tax obligation for this year, about 81 Millions have received refunds as of the end of April .
On average, the tax refund is estimated at $ 3, 000, which can represent a large amount for taxpayers and more in times of pandemic. 9 of each 10 Refunds are issued within 21 days after electronic filing and six weeks for paper returns.
Based on this scenario, it is that if you carry out your tax obligation in the latter days, most likely you will receive your refund late regardless of whether you issued it digitally or on paper, which is the traditional way many contributors do.
Throughout this last week Real America News has informed you that there is a considerable delay in the federal agency due to lack of staff, since IRS employees are not only capturing what is related to tax season, they also continue to issue stimulus checks and plus-up payments.
For all the above, although on paper this process is tiring and even annoying because of all the That implies, it is advised that you do so even within the time limit established by the federal agency, since not only do you risk be penalized for the delay, you could also receive a lower amount of your refund .
Another aspect that taxpayers who do not declare should consider is that the doors could be closed in order to receive bank loans, contract some medical or life insurance, situation that would put those who do not file their taxes at vulnerability for any reason.
A few days after the deadline, we advise you to make your declaration digitally, if you have doubts that consult directly with an IRS advisor or, failing that, you go to a tax expert, in order to guarantee the success of your presentation.
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