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If you're expecting a refund this year, you might want to hold off on spending the money until it has been officially deposited into your bank account...
Because it might take a while to get to you!
Thanks to a shortage of workers and budget cuts, the Internal Revenue Service is facing a huge backlog of paperwork, before they can even get to this year's tax returns. And now that Monday's filing deadline has arrived, the agency is expected to get buried -- while not having enough people to dig itself out, according to reports.
Over the past two years, the IRS has lost 20 percent of its customer service workers to COVID-19, the U.S. Treasury Department reveals. That's in addition to the 17,000 employees the agency has dumped over the past decade because of budget cuts, per the Treasury.
Meanwhile, the U.S. population has grown by 60 percent over the same period of time, Census figures reveal.