Ask Terry Questions 2020 taxes

2020 taxes

By Terry Savage on February 02, 2022 | Wild Card

Is the IRS still backed backed up on 2020 taxes haven’t received them yet and should I do my 2021 taxes now

Terry Says

The IRS is still backed up. Assume they have your past return and file your 2021 taxes electronically and insert direct deposit banking information on that return, to make sure you aren’t waiting for your refund again!
They will pay 3% interest on that 2020 refund — when you eventually get it. Could be several months longer though.

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