Tax Returns Delayed, Thanks Biden
This is going to be tough for many Americans.
The Internal Revenue Service just announced that it will start accepting 2021 individual income tax returns on January 24th.
What’s not good news however is that officials are already warning that it will be a “frustrating” season for taxpaying Americans because the IRS is dealing with a large backlog of tax returns from last year.
According to Fox, In a recent statement from the IRS Commissioner Chuck Rettig explained, “In many areas, we are unable to deliver the amount of service and enforcement that our taxpayers and tax system deserves and needs. This is frustrating for taxpayers, for IRS employees and for me. IRS employees want to do more, and we will continue in 2022 to do everything possible with the resources available to us.”
The IRS is currently swamped with paperwork do to the pandemic. During this point the IRS typically has around 1 million tax-filings to deal with. Currently there is 2 to 3 times that amount that they have to deal with which will slow everything down.
President Biden has yet to address this issue directly and it is unclear if he plans to in the near future.
