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IN OUR VIEW/Where's My Refund? IRS may be a bit late sending out payments this year

January 12, 2022 at 10:00 p.m.

Here we are in the middle of January and many Americans -- including quite a number in the Twin Cities -- are eager to file their income tax returns in anticipation of a big refund payment.

This time of year means writing a check for taxes owned for some of folks, but for others it means a big windfall. For those who have more withheld from their paychecks or receive the Earned Income Tax Credit, refund time is when they catch up on bills, pay off or make a dent in debts and maybe even treat themselves and their families to something nice.

Well, those things may have to wait a little bit this year.

The U.S. Treasury Department warned this week that the Internal Revenue Service is facing difficult times. It's underfunded -- budget cuts have slashed 20% over the past decade -- and, thanks to the COVID-19 pandemic, understaffed. The agency also has had more responsibilities foisted upon because of pandemic relief, including sending out monthly child tax credit payments.

To top it all off, the IRS is still using outdated technology to process returns. Add it all up and tax refunds could very well be delayed.

Not a good thing for those who depend on those refunds. Especially in a time when inflation keeps rising and prices keep going up.

The best everyone can do is hope for the best. But don't be surprised if your refund comes late.

And if you owe the IRS? Sorry, but somehow we doubt they'll be too busy to take your payment.

Print Headline: Where's My Refund? IRS may be a bit late sending out payments this year

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