If you're a Missouri resident and you're expecting a tax refund, you may be wondering why it's taking so long to arrive. Unfortunately, the state has experienced some delays in processing tax returns and issuing refunds. In this article, we'll take a closer look at the situation and provide some helpful tips for getting your refund as quickly as possible.
Why Are There Delays?
The main reason for the delay in tax refunds is due to a change in the state's tax code. In 2021, Missouri lawmakers passed a bill that increased the standard deduction for taxpayers. While this change was intended to benefit taxpayers, it also caused delays in the processing of refunds. The Missouri Department of Revenue had to update its systems to reflect the new tax code, which took longer than expected.
In addition to the change in the tax code, the COVID-19 pandemic has also played a role in the delay of tax refunds. The pandemic has caused disruptions in many industries, including the tax industry. The Missouri Department of Revenue has had to navigate new challenges related to the pandemic, such as remote work and increased demand for services.
When Will I Get My Refund?
If you're wondering when you can expect to receive your refund, the answer is that it depends. The Missouri Department of Revenue has stated that most refunds will be issued within 45 days of the date the return was received. However, some refunds may take longer to process.
If you filed your return electronically and requested direct deposit, you may receive your refund sooner than if you filed a paper return and requested a paper check. Electronic returns and direct deposit are generally processed more quickly than paper returns and paper checks.
Tips for Getting Your Refund Faster
File Electronically
If you haven't already filed your tax return, consider filing electronically. Electronic returns are generally processed more quickly than paper returns, which means you may receive your refund sooner. In addition, electronic filing is more secure and accurate than paper filing.
Request Direct Deposit
If you're expecting a refund, consider requesting direct deposit. Direct deposit is faster and more secure than receiving a paper check in the mail. In addition, you don't have to worry about your check getting lost or stolen in the mail.
Check Your Refund Status
If you've already filed your return and you're waiting for your refund, you can check the status of your refund online. The Missouri Department of Revenue has a website where you can check your refund status. All you need is your Social Security number or Individual Taxpayer Identification Number and the exact amount of your refund.
Conclusion
In conclusion, if you're a Missouri resident waiting for your tax refund, it's understandable to be frustrated with the delay. However, it's important to remember that the delay is due to a change in the tax code and the challenges posed by the COVID-19 pandemic. By following the tips outlined in this article, you may be able to get your refund faster. If you have any questions or concerns about your refund, don't hesitate to contact the Missouri Department of Revenue.
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