A Quick Update on Returns and Refunds During Tax Season

Next week, hopeful taxpayers will begin checking bank accounts for tax refunds. Tax season opened Jan. 24, and the IRS says most taxpayers who file a tax return with no issues should expect a refund within 21 days if they file electronically and choose direct deposit.

Return Not Yet Processed

If you’re one of the millions of taxpayers—like me—whose 2020 tax returns have not yet been processed, you can still file a 2021 tax return. However, the IRS requires you to input your Adjusted Gross Income, or AGI, from your most recent tax return when you file electronically. If ...