Some States Delaying Tax Refunds
Several states have recently notified residents that state tax refunds will be delayed. Hawaii will not begin distributing refunds until July 1, 2010. North Carolina has warned taxpayers that state refunds will be overdue.
The state of New York is also considering holding tax refund money in an effort to help relieve the state’s $1.4 billion budget deficit.
In all cases, states are advising taxpayers to go ahead and file early since refunds will be processed on a first in-first out basis. E-filing with direct deposit is still the quickest and easiest way to get your tax refund back.
You can check back here to see if other states are expecting similar delays.