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Many folks who filed returns the old-fashioned way - on paper - are wondering why Iowa has yet to mail their tax refunds. The short answer: they are bigger than you, and they can. The long answer has two parts:
1. The state is trying to encourage electronic filing, and this is a way to do that. E-filers received their refunds weeks ago.
2. The state is short of cash. By hiring fewer processors, it saves money. Keeping the refunds doesn't hurt cash flow, either.
Iowa said refunds would typically take 12 weeks to arrive, so they should be coming in about now. If you want to see whether your refund is on the way, you can visit the Department of Revenue web site to find out.
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The items included in the Tax Update Blog are informational only and are not meant as tax advice. Consult with your tax advisor to determine how any item applies to your situation.
Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not neccesarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to