Advice: If you file an amended return and owe the IRS, you must pay by the April deadline. Average refunds are down 11 percent.
, with certain coronavirus-related credits gone, the average refund is smaller, down $380, or 11 percent, to $2,972.
A less dysfunctional tax season doesn’t mean people aren’t having issues, especially if they need to amend a return. The process is like a tortoise in the IRS system — slow-moving.My husband filed our federal taxes and the next day realized he had neglected to report one form. He filed an amended return that significantly reduced the amount of our refund. We filed electronically using Turbo Tax. A direct deposit for the original amount was deposited into our bank account.
The processing time can be even longer if there’s an error, the return is incomplete or the IRS needs more information.
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