Your Tax Refund Might Be Delayed This Year

The video discusses the tax filing deadline, emphasizing the benefits of electronic filing due to IRS backlogs. It offers options for late filers and highlights the importance of filing electronically to avoid delays. The IRS backlog, caused by the pandemic, is leading to refund delays, especially for returns with specific credits. Taxpayers are advised to file for extensions if needed, but must be aware that it only extends the filing time, not the payment time. The video also warns about scams, noting that the IRS will never contact taxpayers via phone or email for personal information. Finally, it presents statistics on the number of returns filed and underscores the appeal of electronic filing.

Why is it crucial to have your tax return postmarked before midnight this year?

• To ensure it is processed before the IRS backlog.

• To avoid penalties for late filing.

• To qualify for a special tax credit.

• Because Easter Monday is a federal holiday.

What is one of the main reasons the IRS is urging electronic filing?

• It allows for more deductions.

• It is more environmentally friendly.

• It helps avoid the current processing delays.

• It is a requirement for all taxpayers.

How long does the IRS typically take to process a refund for electronic filings?

• 21 days or less

• 14 days or less

• 7 days or less

• 30 days or less

What does filing for an extension provide?

• Additional time to gather documentation.

• An opportunity to reduce tax liability.

• More time to pay taxes owed.

• A waiver of all penalties.

How does the IRS typically contact taxpayers if fraud is suspected?

• By phone call

• By email

• By mail

• Through a secure online portal