Most tax refunds nowadays are processed within a period of less than three weeks and therefore making it easy for the filers to get their refunds as soon as possible. Tax refunds can be used of various activities including investing in real estates, pension, heath and education purposes. There are some errors or mistakes that you can make which can lead to delays of your tax refund. Be very careful when filing your tax returns so that you will be able to receive your money on time. Some of the things that can lead to delays in your tax refund are.
Filing an incomplete tax return form
When filing your tax return online, ensure that you are careful so that you fill every part that is important and in this way you will be able to avoid delays. What you need to know is that when vital information is missing in the forms that you have filed then your tax refunds will be delayed until you fill incomplete section. Some of the basic information that may miss is social security numbers. For those who are using paper returns ensure that you include 1099 forms or the W-2 forms so that the processing of your tax return will be done within a short time.
Sometimes there may be errors on your tax returns which may lead to delays. These errors may come from special circumstances, numerous exceptions, credits, exemptions and phase-outs of deductions. It is advisable to use the online method to fill your tax returns because the manually prepared returns usually have errors.
Mismatch of the social security number
The information your provide while filing your tax returns should be able to match that which is on the database for easy processing of your tax returns. When there is a mismatch then you will not be able to get your refunds as soon as possible because it will be hard to process your returns. E- Filing is preferred because it helps avoid any mismatch because returns that don’t pass through the electronic filing system are rejected.
Filing a tax return late or early
This is another common reason …