As the April 18 tax-filing deadline closes in for most taxpayers, myths about ways to get information about tax refunds and how to speed one up abound. The Internal Revenue Service continues to process 2021 tax returns and deliver refunds, with nine out of 10 refunds issued in less than 21 days, the agency reported Tuesday. As of the week ending April 1, the IRS said it has sent out more than 63 million refunds worth over $204 billion. The average refund is $3,226. The IRS continues to promote its "Where's My Refund?" online tool as the easiest way to get information about refund status. However, a just-released report by the Government Accountability Office says the tool needs to be modernized, as it "provides limited information on refund status and delays." Myths tend to circulate on social media every tax season, the IRS said. See the gallery above for the top seven common myths about tax refunds, according to the IRS.
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Year-end 2024 Tax Topics Checklist