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

EVERETT WALMART, EVERETT, WASHINGTON, UNITED STATES - 2023/04/19: An empty cart is seen near an emp...

Nathaniel Meyersohn, CNN

The real reasons stores such as Walmart and Starbucks are closing in big cities

Several forces are pushing Walmart and Starbucks out of some city centers: a glut of stores, people working from home, online shopping, exorbitant rents, crime and public safety concerns, and difficulty hiring workers.

11 months ago

graduates are pictured, the us is offering some student loan debt forgiveness...

Associated Press

The US has approved $42 billion in loan forgiveness for public service workers. Here’s what to know

The program is separate from U.S. Supreme Court is currently considering whether that plan can go ahead.

11 months ago

people at restaurant eating on mother's day pictured...

Alexandra Peers, CNN

Why Mother’s Day is the most hated day in the restaurant industry

The National Retail Federation forecasts that Mother's Day spending will reach $35.7 billion this year, with a record $5.6 billion spent on a meal or outing.

11 months ago

debt...

Curt Gresseth

Ticktock: US steps closer to debt default

Robert Spendlove, senior vice president and economic and public policy officer at Zions Bank, joins the show to discuss what would happen if the federal government defaults on its debt.

11 months ago

close up of a peleton bike pictured, a recall has been issued for some...

Associated Press

Peloton recalling more than 2M exercise bikes because the seat post assembly can break during use

The recall includes approximately 2.2 million of the Peloton Bikes Model PL01. The bikes were sold from January 2018 through May 2023 for about $1,400.

11 months ago

U.S. President Joe Biden speaks during the Democratic National Committee winter meeting on February...

Arlette Saenz, CNN

Biden takes debt ceiling pitch on road amid standoff with Republicans

The president said he believes the country can avoid default because an "overwhelming number of members of ... Congress know it would be a disaster."

11 months ago

Sponsored Articles

close up of rose marvel saliva blooms in purple...

Shannon Cavalero

Drought Tolerant Perennials for Utah

The best drought tolerant plants for Utah can handle high elevations, alkaline soils, excessive exposure to wind, and use of secondary water.

Group of cheerful team members high fiving each other...

Visit Bear Lake

How To Plan a Business Retreat in Bear Lake This Spring

Are you wondering how to plan a business retreat this spring? Read our sample itinerary to plan a team getaway to Bear Lake.

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.

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