IRS: Will the refund be faster this year?
The goal is to further reduce the reimbursement time. See what is known about the reimbursement time this year.
Everything known about the IRS refund deadline this year.
The delivery of the IRS statement began on April 1st and many taxpayers await the reimbursement with expectation. The Government predicts that the average time to receive the reimbursement will be reduced, making the process even faster than the 13 days recorded in 2024.
According to Notícias ao Minuto, in an interview with Lusa, the Secretary of State for Tax Affairs, Cláudia Reis Duarte, stated that the trend of reducing the average refund time will continue this year, especially for taxpayers using automatic IRS.
Refund varies depending on each case.
Despite the goal of shortening deadlines, Cláudia Reis Duarte noted that the time required for reimbursement may vary from case to case. The complexity of the statement, the number of attachments or the taxpayer's tax situation may influence processing time.
Still, the expansion of situations covered by automatic IRS and the increasing adherence of taxpayers to this system should allow for greater speed in refunds. "With the increase in pre-filled declarations and automatic IRS, we expect to continue reducing average refund times," emphasized the minister.
In 2024, the average time to refund the approximately six million statements processed by the Tax Authority until August 1st was 24.2 days. In the case of statements submitted through automatic IRS, this period dropped to 12.9 days.
Update the IBAN to avoid delays in refund.
Another factor that can delay the processing of tax returns is the lack of updating or incorrect indication of the IBAN. The Secretary of State highlighted the importance of taxpayers verifying this data when filling out the declaration.
In addition, it appealed to taxpayers not to leave the filing of the statement to the last days of the deadline, in order to avoid embarrassment, since this year's statement has few changes compared to last year's.
Read more about IRS here: A guide to better understand the IRS
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