Additional factors could slow down the processing of your tax refund, such as errors, incomplete returns or fraud. You should also expect to wait longer for your refund if the IRS determines that your tax return needs further review. Refunds for returns that have errors or that need special handling could take up to four months, according to the IRS. Delays also occur when the IRS suspects identity theft or fraud with any return.
Respond quickly if the IRS contacts you by mail for more information or to verify a return. A delay in responding will increase the wait time for your refund.
If you submitted an amended tax form, it may take more than 20 weeks to receive a refund due to processing delays related to the pandemic. The IRS has eliminated the guesswork of waiting for your tax refund by creating IRS2Go , an app that allows you to track the status of your return. Both tools provide personalized daily updates for taxpayers 24 hours after a return is e-filed or four weeks after the IRS has received a paper return.
After inputting some basic information i. Once your refund reaches the third stage, you will need to wait for your financial institution to process a direct deposit or for a paper check to reach you through the mail. Deciding how to spend, save or invest the money in advance can help stop the shopping impulse from getting the best of you.
Your refund is yours to use how you see fit and can be used to help pay for day-to-day expenses or invested for long-term financial stability. Looking for inspiration? Bankrate offers five smart ways to invest your tax refund.
How We Make Money. Michelle Black. Written by. Michelle Lambright Black is a credit expert with over 19 years of experience, a freelance writer and a certified credit expert witness. In addition to writing for Bankrate, …. Edited By Lance Davis. Edited by. Note that you must have a valid South African.
Read more. For more information see the Tax Exempt Institution webpage :. Businesses and Employers. Tax Practitioners. Customs and Excise. Tax Season. SMSs are being sent to taxpayers as reminders to accept or edit their auto-assessments on eFiling by 23 November Register your profile now to ensure a smooth filing experience. No need to call us, you can register online or download the MobiApp on your phone or tablet.
A SARS official will book the appointment on your behalf. You may also visit our Mobile Tax Units and pop-ups in the different regions, see the schedule here. You can also Send us a query if you have forgotten your tax reference number, to submit supporting material and more.
What to prepare before filing starts Now is a good time to get your tax matters ready to ensure a smooth filing experience! Reset your eFiling username and password if you have forgotten them. Disclosure: This post may highlight financial products and services that can help you make smarter decisions with your money.
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