The IRS confirmed on its website today that for 2021 tax returns electronically filed, nine out of 10 refunds are being issued in less than 21 days. As of the week ending April 1, the IRS has sent out more than 63 million refunds worth over $204 billion. The average refund is $3,226.
On the IRS website at Where’s My Refund? you can check the status of a refund within 24 hours after receiving your e-file acceptance notification.
Common Tax Myths:
Myth: Taxpayers need to wait for their 2020 return to be processed before filing their 2021 return, or that all refunds are delayed due to the number of 2020 returns the IRS still needs to process.
The reality is that taxpayers generally will not need to wait for their 2020 return to be fully processed to file their 2021 tax returns. They should file when they’re ready. People with unprocessed 2020 tax returns, should enter $0 (zero dollars) for last year’s AGI on their 2021 tax return when electronically filing.
Myth: Calling a tax professional will provide a better refund date
Contacting a tax professional will not speed up a refund. Tax professionals cannot move up a refund date. The Where’s My Refund? tool provides taxpayers with the same accurate and timely information that a tax professional, or even an IRS telephone assistor can access.