BUSINESS + ECONOMY

What the delay in receiving a tax refund this year will mean for Utahns

Apr 4, 2022, 8:30 AM | Updated: 1:08 pm
FILE - This May 8, 2008, file photo shows blank checks on an idle press at the Philadelphia Regiona...
FILE - This May 8, 2008, file photo shows blank checks on an idle press at the Philadelphia Regional Financial Center, which disburses payments on behalf of federal agencies in Philadelphia. Officials at the Treasury Department and Internal Revenue Service said Friday, March 12, 2021 that processing the new round of stimulus payments has already begun, with the aim of having the first payments start showing up in bank accounts this weekend. (AP Photo/Matt Rourke, File)
(AP Photo/Matt Rourke, File)

SALT LAKE CITY — Two weeks ago, the Internal Revenue Service announced there will be a delay in people receiving their tax refund for the year. Processing delays and other factors are causing the IRS to take longer to get returns out to people.

A delay in a tax refund

“Even though the Internal Revenue Service issues most refunds in less than 21 days for taxpayers who filed electronically and chose direct deposit, some refunds may take longer,” a statement from the IRS said.

Despite the delay, the agency still recommends filing electronically and choosing direct deposit as it is the fastest way to get a refund.

Figures from the IRS show that returns this year will average higher than last year. In 2021, Utahns received an average total of $2,700 in returns.

As for another sign of relief, the Utah State Senate passed a tax cut bill this year. Utahns can expect to see $193 million in their tax returns this year. Governor Spencer Cox signed the bill into law back in February.

Putting off payments + purchases

But because of the delay in receiving returns, Utahns may have to hold off on paying off debts or purchasing big-ticket items provided they were to use the money from the return for those purposes. 

But just in case anyone who hasn’t filed yet needs more time, it is possible to get an extension for six months after the filing deadline, which is April 18. In a separate statement, the IRS said taxpayers who need more time can request an automatic extension all the way to October 18th. They would need to use the IRS Free File form available on the IRS website in order to request an extension.

In case anyone is impatient and has to know what is happening with their refund, The IRS set up a “Where’s My Refund” site where people fill out a form and receive information on the status of their refund. 

We want to hear from you.

Have a story idea or tip? Send it to the KSL NewsRadio team here.

Today’s Top Stories

Business + Economy

child labor...
Elizabeth Weiler

U.S. Department of Labor says Sodalicious violated child labor laws

Four different locations of Utah soda and dessert shop Sodalicious went against federal child labor laws, according to the U.S. Department of Labor.
2 days ago
Are tech companies moving too fast in rolling out powerful artificial intelligence technology that ...
MATT O'BRIEN AP Technology Writer

Musk, scientists call for halt to AI race sparked by ChatGPT

Their petition is a response to San Francisco startup OpenAI's recent release of GPT-4, a more advanced successor to its widely-used AI chatbot ChatGPT.
2 days ago
wholesale inflation utah interest rates...
Mark Jones

The impact inflation is having on younger Americans

What kind of impact is inflation having on younger Americans? Dave & Dujanovic talked to a reporter from Bankrate.com to discuss the matter.
3 days ago
Multiple dollar bills are pictured, social security will see a bump...
Mark Jones

How to talk to your spouse about finances? An expert weighs in.

Dave and Dujanovic discuss how we can discuss finances with our spouse.
4 days ago
More stores now offer customers the option to tip, from coffee shops to ice cream stores. Around 48...
Nathaniel Meyersohn, CNN

Americans facing a radically different tipping culture

People are tipping less of inflation, and they are also overwhelmed with the number of places that give them the option to tip with a card
4 days ago
mortgage rates...
Anna Bahney, CNN

What the banking crisis means for mortgage rates

When Treasury yields go up, so do mortgage rates; when they go down, mortgage rates tend to follow.
6 days ago

Sponsored Articles

Cheerful young woman writing an assignment while sitting at desk between two classmates during clas...
BYU EMBA at the Marriott School of Business

Hear it Firsthand: 6 Students Share Their Executive MBA Experience at BYU’s Marriott School of Business

The Executive MBA program at BYU offers great opportunities. Hear experiences straight from students enrolled in the program.
Skier being towed by a rider on a horse. Skijoring....
Bear Lake Convention and Visitors Bureau

Looking for a new winter activity? Try skijoring in Bear Lake

Skijoring is when someone on skis is pulled by a horse, dog, animal, or motor vehicle. The driver leads the skiers through an obstacle course over jumps, hoops, and gates.
Banner with Cervical Cancer Awareness Realistic Ribbon...
Intermountain Health

Five common causes of Cervical Cancer – and what you can do to lower your risk

January is National Cervical Cancer Awareness month and cancer experts at Intermountain Health are working to educate women about cervical cancer.
Kid holding a cisco fish at winterfest...
Bear Lake Convention and Visitors Bureau

Get ready for fun at the 2023 Bear Lake Monster Winterfest

The Bear Lake Monster Winterfest is an annual weekend event jam-packed full of fun activities the whole family can enjoy.
happy friends with sparklers at christmas dinner...
Macey's

15 easy Christmas dinner ideas

We’ve scoured the web for you and narrowed down a few of our favorite Christmas dinner ideas to make your planning easy.
Spicy Homemade Loaded Taters Tots...
Macey's

5 Game Day Snacks for the Whole Family (with recipes!)

Try these game day snacks to make watching football at home with your family feel like a special occasion. 
What the delay in receiving a tax refund this year will mean for Utahns