Could tax extensions delay returns?
The IRS has issued more than 45million tax refunds to those who have filed their 2021 tax returns so far this year, CNET reported.
If you were not able to file your taxes by the April 18 deadline, it’s acceptable, but you might be delaying thousands of dollars that are owed to you.
When you submit your tax return this year, you may be eligible for a larger refund than you think, according to CNET.
You may get back the remainder of your increased child tax credit, reimbursement for child care expenditures, and extra stimulus money.
Remember that requesting an extension does not give you more time to submit your return; it just provides you more time to pay any taxes you owe.
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