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1 week ago

Tax refund delays hit multiple states

Taxpayers in several states may face delays in receiving their tax refunds this filing season amid changes in tax policies as well as the processes for filing returns.Tax refunds are issued to taxpayers when the amount of taxes they paid over the course of the year is greater than the amount of liability based on their return after deductions or credits are applied. Refunds are issued by the IRS at the federal level, while state revenue agencies distribute refunds based on their policies.This tax season's refunds have been larger following the enactment of the One Big Beautiful Bill Act (OBBBA...

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1 week ago
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