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Getting a quicker tax refund

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WATERLOO (KWWL) -

Many Iowans are either filing or getting ready to file their taxes, and as a reminder, there could be delays on returns this year.

Tax experts say the sooner you file, the sooner you can expect to see your refund.

This year, there are a few reasons why you might experience a delay.

Carney, Alexander, Marold & Co. partner and Certified Public Accountant, David Rogers, recommends filing your taxes as soon as possible.

That way, you can avoid someone fraudulently filing on your behalf, and you are more likely to get your refund sooner.

"They try to get them out as quickly as they can, but volume can naturally just slow down the system a little bit," Rogers said.

Rogers said anyone who files for the American Opportunity Tax Credit, the Child Tax Credit, or the Dependent Care Credit can expect a delay.

That means enrolled college students, parents, and any parent who claims child care on their tax returns.

"So those refunds, they've indicated they'll be taking a little longer, but if someone just has a W-2, and a little bit of interest, or whatever; and basically doesn't have one of those three credits, I've had people tell me they've had their refund in a little over two weeks," Rogers said.

Rogers said the IRS is hoping to reduce tax fraud this year, and you can likely expect the same from the state.

"The delay people experienced last year, I anticipate they'll see a similar delay on the Iowa returns," Rogers said.

Rogers said if you E-File and use Direct Deposit, that should improve your odds of quickly getting your refund from the state and federal government.

You have until April 17, 2018 to file your taxes without facing a penalty.

Tax experts say President Trump's tax cuts won't start affecting your returns til you file next year.

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