With millions of Americans expecting a tax refund this year, the IRS has one request for those looking to get their money faster: File your return electronically and as soon as possible.
has one request for those looking to get their money faster: File your return electronically and as soon as possible.
There are some steps that taxpayers can take in order to get their money back faster. Experts have urged taxpayers to file their tax returns as soon as possible, noting that individuals do not need previous returns in order to submit their 2021 returns. Americans are encouraged to file electronically with direct deposit in order to avoid potential delays and receive their return within 21 days.
Eric Bronnenkant, head of tax at online financial adviser Betterment, said Americans should file their returns as soon as they're ready in order to help avoid tax fraud, because there's a "huge problem" where fraudsters find someone's Social Security number, illegally file a return on their behalf and claim the refund.
There are fresh challenges facing the IRS – and individual filers – this year: Taxpayers will have to reflect the monthly child tax credit payments and the stimulus checks they received in 2021 on their returns, further complicating matters and increasing the likelihood of errors and delays in processing returns.
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