How long does it take for the IRS to review your refund?

We issue most refunds in less than 21 calendar days. It is taking the IRS more than 21 days to issue refunds for some 2020 tax returns that require review including incorrect Recovery Rebate Credit amounts, or that used 2019 income to figure the Earned Income Tax Credit (EITC) and Additional Child Tax Credit (ACTC).

When the IRS says your refund is under review?

According to IRS.gov, “returns [are selected] for examination using various methods which include random sampling, computerized screening, and comparison of information received by the IRS such as Forms W-2 and 1099.” If your return is selected for a review, it doesn’t necessarily indicate or suggest you made a mistake …

COVID-19 Processing Delays The IRS issues more than 9 out of 10 refunds in less than 21 days. However, it’s possible your tax return may require additional review and take longer.

How do I know if my taxes will be audited?

If your tax return is selected for an audit, you will be notified by the IRS by mail. The IRS does not place phone calls or send e-mails to notify the taxpayer of an audit review. The meeting may be held at your home, place of business or in a local IRS office.

What happens if my tax refund is under review?

Also, be mindful of common audit triggers. Once the review is complete, the IRS will make the necessary adjustments and issue your refund accordingly. The IRS encourages taxpayers to wait at least 45 days from the day you receive the CP05 notice to follow up about the status if you haven’t yet received your refund.

How long does it take for the IRS to review your tax return?

How long the review process takes depends on what information the IRS needs to verify. If you don’t hear anything within 45 days from the date of the initial notice, however, you can follow up to see what happened to your refund.

Why is the IRS holding my tax refund?

If you fall into the category of having claimed either of the aforementioned credits, it could very well be under scrutiny by the IRS which is why you haven’t received your refund yet. Hold offs can also happen due to amending your tax returns. Returns that are altered, or revised need to be sent by mail instead of filing electronically.

How can I find out if I got a refund on my tax return?

Whether you owe taxes or you’re expecting a refund, you can find out your tax return’s status by: Calling the IRS at 1-800-829-1040 (Wait times to speak to a representative may be long.) If you file your taxes by mail, you can track your tax return and get a confirmation when the IRS has received it.