2025 IRS TAX REFUND UPDATE - NEW Refunds Approved, Processing Delays, IRS Notices, Adjusted Refunds
On today’s IRS tax refund update we will take a look at the latest developments including the next round of tax refunds scheduled for release, and from there we will recap some of the top causes of refund delays this year as well as the top notices the IRS continues to send out to taxpayers experiencing delays in addition to those tax filers encountering adjusted tax refunds after tax processing has been completed. Now starting with the latest as the next batch of tax refunds is scheduled for release on June 18th and 23rd as confirmed by the refund status results and tax transcript seen here, and if you are part of this latest refund batch and have chosen to receive that refund via direct deposit you should see that refund post to your bank account by that refund date and in some cases possibly before depending on your bank, but do allow 5 additional days after the refund date for it to post to your bank account before initiating a payment trace with the IRS, meanwhile those who are receiving paper checks should receive it in the mail within 7 to 10 days of that refund date. Another significant cause of refund delays that is impacting tax filers even now is that the IRS has not received or processed their employers’ tax returns and why this is extremely important is due to the fact the IRS compares what your employer reported for wages to what you reported on your tax returns for accuracy, meanwhile another top reason for a refund delay which specifically impacts early tax filers is the need to complete ID verification and this occurs to even those who have completed ID verification in previous years and have had no issues with their tax returns or potential identity theft in the past, it is also important to note this issue will not auto correct itself and your refund will be on hold until you complete the verification process which in most cases can be completed online, and yet another issue is those tax filers who file paper tax returns as they can expect to experience some of the longest delays due to the fact an IRS employee must enter the tax return line by line into the IRS computer system. 0:00 Introduction 0:25 New Tax Refunds 1:33 Refund Delays 3:51 IRS Notices 5:04 Closing This video is under Fair Use: Copyright Disclaimer under Section 107 of the Copyright Act in 1976, Allowance is made for "Fair Use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright status that might otherwise be infringing. Disclaimer: This is for informational purposes only and is subject to change. Material provided should not be considered tax, accounting, or legal advice. Please consult a certified tax consultant for tax advice. #TaxRefund #IRS #News #Taxes #TaxReturn #Tax #Refund #TaxSeason #youtube #video #new #newvideo #breaking news
