FYI a friend sent me this email – “Mailed tax return February 21. IRS processed it on April 13. Refund in my checking account and available on April 18. 56 days total from mailing to receiving refund. Last year it was 51 days.” The taxpayer obviously requested direct deposit. If he wanted a paper check he would still be waiting. I have not heard of any issues with late refunds (where direct deposit was requested).
* The NATP blog tells us “Tens of millions of taxpayers may be eligible for significant tax refunds (Act by July 10)”.
The post explains –
“This issue arises from recent court decisions, including Kwong v. United States (Court of Federal Claims, Nov. 25, 2025) and Abdo v. Commissioner (U.S. Tax Court, 2024).”
“For COVID-19, a federal disaster declaration was in effect from Jan. 20, 2020, through May 11, 2023.”
“Based on the court’s reasoning in Kwong, filing and payment deadlines were postponed during that entire period, and as a result, tax returns and payments due anytime within that window were not considered late until after July 10, 2023. By the court’s logic, the IRS should not have assessed penalties for late filing or payment during that 3.5-year period, nor charged interest on those amounts.”
If you were assessed, and paid, a penalty for underpayment of estimated tax or late payment of taxes for 2020 through 2023 returns contact your tax professional to see if you could qualify for a refund.
* The NJ Division of Taxation reports –
“We expect to send the second installment of the 2024 Stay NJ benefit on May 15, 2026. Eligible recipients will receive paper checks in the mail.”
TTFN
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