If the Government Shuts Down Again Will I Not Get My Refund
The U.S. experienced a fractional government shutdown from Dec. 22, 2022 to Jan. 25, 2019. This 35-day shutdown was the longest in U.S. history and disrupted the service of multiple federal agencies, such every bit the National Park Service. However, the IRS did not end work entirely, and never does during a shutdown. Many of its employees were furloughed (temporarily laid off) and some services experienced interruptions or delays, only others didn't. What does this mean for your tax render?
The Shutdown Will Not Delay Tax Refunds
The brusk and simple answer is that the shutdown will non bear upon your taxation refund. You can expect to receive your refund according to the same refund schedule.
The IRS furloughed more than eighty% of its employees during the shutdown, only information technology did not close entirely. In previous shutdowns, the IRS was not open to issue refunds. While this shutdown ended just before the offset of the taxation flavour (Jan. 28, 2019), the IRS insisted throughout that tax season would get-go on time and it would still be able to issue refunds. In fact, for the month leading up to tax flavor, the IRS recalled some furloughed employees (notwithstanding without pay) to have them prepare for tax flavour.
To rails your refund, you can use the Where's my Refund? tool from the IRS. Your render condition should be available within 48 hours of filing if you e-filed.
Will the Shutdown Affect Your Taxation Return at All?
You may have to delay filing your taxes a bit if y'all have questions most your return and yous prefer to ask your questions straight to an IRS employee over the telephone. During the shutdown, the IRS had a reduced staff and also had a reduced capacity to respond phone inquiries. Non anybody who chosen into the IRS with a tax question received an answer. This will continue into (and potentially throughout) the taxation season. That'southward specially apropos given that this is the first tax filing season under the new tax rules, which may lead to a lot of questions from taxpayers.
If yous have questions, the IRS recommends offset going to its website for an answer. A good tax filing service will also respond many, if not all, of the questions yous have virtually your return. If yous have a particularly complicated revenue enhancement situation, considering working with a financial counselor who specializes in tax issues.
What If At that place's Some other Shutdown?
It's important to mention that the bargain that ended the shutdown only provided funding through Feb. 15. If legislators cannot come to another agreement before that appointment, there will be another shutdown. If at that place is another shutdown, information technology would come right in the thick of tax flavour.
Fifty-fifty if at that place is another shutdown, information technology'south still unlikely that you lot would come across large delays for your refund. The IRS would probably continue to accept vital employees piece of work, just as information technology did leading upwards to the commencement of tax flavor. The exception is that delays may be an result toward the end of tax season if there was a shutdown after Feb. xv and information technology dragged on for a significant corporeality of time.
Returns With the EITC or ACTC
If you claimed the earned income revenue enhancement credit (EITC) or the additional child taxation credit (ACTC), you lot won't receive your refund until about February. 27 at the primeval. The police force requires the IRS to hold refunds until Feb. 15 if they claim either of these credits. So even if you file on the kickoff day that the IRS accepts returns, y'all will look weeks for your refund.
This isn't a result of the shutdown, though. The actress time allows them to check that returns claiming these credits actually qualify for these credits.
The Takeaway
The government shutdown from December. 22, 2022 to Jan. 25, 2022 was the longest the U.S. ever had. However, the IRS continued its normal preparation for tax season and and then you won't see whatever delays in the processing of your render. That also ways the shutdown volition not delay your refund.
The but potential impact is that you may have a difficult fourth dimension reaching the IRS over the phone. Then consider the IRS website if you lot have questions about filing your return. To prevent other delays to your refund, the IRS likewise recommends that you due east-file and elect for direct deposit of any refund.
Tips for Navigating Tax Season
- To help you plan your taxes this and other financial decisions throughout the year, reach out to a fiscal counselor. Finding the right fiscal advisor that fits your needs doesn't have to be hard. SmartAsset's costless tool matches you with financial advisors in your surface area in five minutes. If you're ready to exist matched with local advisors that will assistance you achieve your financial goals, get started now.
- If your tax situation is a scrap circuitous and you have questions, consider working with a tax preparer. These are experts in the tax lawmaking who can guide you through the filing process. Merely make sure choose the right revenue enhancement preparer to piece of work with. You might also use ane of these height-rated tax prep programs.
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Source: https://smartasset.com/taxes/will-government-shutdown-affect-tax-refunds
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