RI Tax Division: Bigger Refunds but Fewer Getting Them
The Rhode Island Division of Taxation says it’s open season for tax filing, last-minute tax changes delayed the e-filing season.
The fiscal cliff tax bill that went into effect January 2nd sent the IRS scrambling to create new tax forms and computer software. So the IRS put a freeze on electronic filing until the end of January once all of the updates were in place. That delayed the state from accepting returns, but the Division of Taxation says it’s now able to accepting all e-filings.
The state’s been issuing refunds since January. And looking at what’s been received so far, the average tax refund is up by $20 from last year, but fewer Rhode Islanders are getting one. The state says taxpayers who e-file are getting their refunds in ten – 14 days, while those who file paper returns will have to wait for up to six weeks.
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