If you’re a New York taxpayer expecting a tax refund, you might have to wait longer than usual. The IRS has issued a warning that certain filers could experience delays this tax season. While most refunds are processed within 21 days, several factors could slow things down, particularly for those claiming certain tax credits or filing paper returns.
Why Some Refunds Might Be Delayed
One of the biggest reasons for potential delays is related to specific tax credits. If you’re claiming the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC), your refund won’t be processed until mid-February at the earliest. This delay is due to federal fraud prevention laws that require extra time to verify these credits. The IRS estimates that most of these refunds will be available by early March if there are no other issues with the return.
Another major factor is how you file your taxes. If you submit a paper return instead of e-filing, your refund could take much longer to process. The IRS strongly recommends electronic filing to speed up the process and reduce errors.
Mistakes on your tax return can also lead to delays. Errors such as incorrect Social Security numbers, mismatched names, or missing information may require additional verification, which can slow things down even further.
How to Avoid Refund Delays
To ensure you receive your refund as quickly as possible, the IRS suggests following these steps:
- File Electronically: E-filing is the fastest and most efficient way to submit your taxes. Plus, it helps reduce errors that could cause delays.
- Choose Direct Deposit: If you opt for direct deposit instead of a paper check, you’ll get your refund much sooner.
- Double-Check Your Tax Return: Small mistakes can lead to big delays. Make sure all information, including Social Security numbers and banking details, is correct.
- Use IRS Online Tools: The IRS has a “Where’s My Refund?” tracker that allows you to check the status of your refund at any time.
Don’t Rely on Your Refund for Immediate Expenses
The IRS is working to process refunds as quickly as possible, but New Yorkers should be prepared for possible delays. If you were counting on your tax refund for urgent expenses, it’s best to have a backup plan.
For the latest updates and to track your refund status, visit IRS.gov.
