As the 2020 state income tax filing season approaches, the Michigan Department of Treasury cautions taxpayers about depending on receiving their refund by a certain date to pay for large holiday purchases because some tax returns may require additional review and take longer to process.
“Every state income tax return is unique,” State Treasurer Rachael Eubanks said. “That means every income tax refund is also unique. While most refunds are typically issued two weeks after being accepted by the state, it’s best to plan ahead and understand that receiving your refund could take longer than expected due to unforeseen circumstances.”
Factors that can affect the timing of a refund include:
• Security reviews to help protect against identity theft.
• Incomplete or inaccurate state income tax returns.
• Mathematical errors.
• Special circumstances related to state income tax credits.
The state Treasury Department will contact taxpayers through the U.S. Postal Service when more information is needed to process a state income tax return.
For the 2018 tax year, more than 4.8 million returns were processed by the state Treasury Department, with 91% of returns reviewed and processed without requesting additional information from taxpayers.
Electronically filing state income tax returns is safer, faster and more accurate. More than 4.1 million returns are e-filed annually.
To learn more about taxes in the state of Michigan, go to www.michigan.gov/taxes.
- Posted December 24, 2019
- Tweet This | Share on Facebook
Treasury urges caution when depending on tax refunds to pay for holiday gifts
headlines Oakland County
- Annual Dinner & Meeting
- FORCE Team arrests six in prolific auto theft ring
- Michigan allocates $12 million to support community-based organizations in advancing environmental and climate justice
- Oakland County and SMART launch pilot program providing free transit for veterans and dependents
- Supreme Court sides with the Consumer Financial Protection Bureau
headlines National
- More lawyers—and clients—want to learn about sustainable development practices
- Top artificial intelligence insurance tips for lawyers
- Lawyer charged with illegally transmitting Michigan data after 2020 election
- Viral video shows former Rikers Island inmate as she learns she passed bar exam on first try
- How Sullivan & Cromwell is scrutinizing potential new hires after campus protests
- No separate hearing required when police seize cars loaned to drivers accused of drug crimes, SCOTUS rules