To subscribe, please go to /specialoffer.Įlisabeth Buchwald is a personal finance and markets correspondent for USA TODAY. 28 if taxpayers filed early, chose direct deposit and there are no other issues with their tax return.Ĭontact Susan Tompor. The IRS said earlier that it expected most Earned Income Tax Credit- and Additional Child Tax Credit-related refunds to be available in taxpayer bank accounts or on debit cards by Feb. Some of the increase in refunds could be getting back to a more normal pace in issuing refunds quickly. Talk to us Detroit /sports Joined November 2008 7,807 Following 45. It's possible, Holtzblatt said, that more early filers faced delays in getting their refunds last year. Sports news, analysis, links and chatter from the Detroit Free Press, including the Lions, Tigers, Red Wings, Pistons, Wolverines and Spartans. Sports news, analysis, links and chatter from the Detroit Free Press, including the Lions, Tigers, Red Wings, Pistons, Wolverines and Spartans. Last year, Holtzblatt said, many people filed returns to tap into the expansion of the child tax credit, which is no longer in place for 2022 returns filed this year.Īt the same time, many of those taxpayers faced delays in getting their refunds under the PATH Act passed in 2015, which stipulates the IRS must withhold refunds for filers who claim Earned Income Tax Credit and the Additional Child Tax Credit tax until Feb. or to find news Detroit news, weather, sports, and traffic serving all of. Treasury Secretary Janet Yellen's priorities for the IRS focused on clearing the tax return backlog, improving customer service, overhauling technology and hiring more workers. org Obituary/Death Notice Request Form Resources Detroit Free. The Inflation Reduction Act, which was enacted in August, allocated nearly $80 billion over 10 years to the IRS. "That's good news for the IRS and taxpayers," Holtzblatt said. Some early data also indicates that tax professionals are e-filing more returns than a year ago, up 6.1%, which helps speed up the processing of tax returns and payment of refunds. Detroit Free Press - Breaking news, sports, business, entertainment Deaf Michigan man waits to see if he can sue school district for years of neglect Call to protest Drag Queen event. She attributes some of the improvements to the hiring of more employees and the agency's efforts to work through its burdensome backlog. Janet Holtzblatt, senior fellow at the Urban Institute-Brookings Institution Tax Policy Center, said the early IRS statistics show tax returns are being processed more rapidly so far this year.
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