December 13, 2016

Don’t Depend on Tax Refund Timing

The holiday shopping season is officially underway, and you may want to take advantage of great deals on expensive items. However, if you plan on making major purchases on credit this holiday season, don’t rely on having your tax refund in hand before your credit card bills arrive. Many factors can affect the timing of your tax refund, especially if you have a complex tax situation. Though the IRS issues most refunds within 21 days of receiving a return, extra reviews or requests for more documentation can delay this process. For more information on preparing tax returns or shortening your refund time, please contact a qualified tax professional. Tip courtesy of IRS.gov