- As you might expect, every state does things a little differently when it comes to issuing tax refund. Generally, you can expect to receive your state tax refund within 30 days if you filed your tax return electronically. If you filed a paper tax return, it may take as many as 12 weeks for your refund to arrive.
When can I expect my 2021 tax refund?
Most taxpayers will receive their refund within 21 days of when they file electronically if they choose direct deposit and there are no issues with their tax return, according to the IRS. Some tax filers are still complaining that they did not receive their refund yet from federal returns filed last year.
How long does it take for income tax refund direct deposit?
If you file a complete and accurate paper tax return, your refund should be issued in about six to eight weeks from the date IRS receives your return. If you file your return electronically, your refund should be issued in less than three weeks, even faster when you choose direct deposit.
Why is my 2021 refund taking so long?
What’s Taking So Long? If you don’t receive your refund in 21 days, your tax return might need further review. This may happen if your return was incomplete or incorrect. You may also experience delays if you claimed the Earned Income Tax Credit or the Additional Child Tax Credit.
When can I expect my refund 2020?
If you file your tax return electronically, the IRS will generaly process direct deposit refunds within 7-10 days of receiving your tax return, and process paper checks within about two weeks. Filing a paper tax return may delay your refund by up to several weeks.
Why is my refund taking so long?
Some tax returns take longer to process than others for many reasons, including when a return: Includes errors, such as incorrect Recovery Rebate Credit. Includes a claim filed for an Earned Income Tax Credit or an Additional Child Tax Credit.
How long after return is accepted is it approved?
It can take up to 21 calendar days after acceptance for the IRS to issue your refund, although most refunds go more quickly than that, while a small handful may take a bit longer. Start tracking your federal refund at the IRS Where’s My Refund site.
When should I expect my 2022 tax refund?
Most taxpayers who file electronically and choose direct deposit will get their refund within 21 days, assuming there are no problems with the return, according to the IRS. 2
Are tax refunds delayed 2021?
That means 2021 tax refunds are likely to be delayed; usually electronic refunds come three weeks after filing, a week faster than ones for paper returns. Based on last year’s experience, getting answers from the IRS will be even harder than usual, too. 1
Why is my refund stuck in processing?
There are many different reasons why your refund may have not been processed yet, but the most common include: Your tax return included errors. Your tax return is incomplete. This could mean that all of the necessary forms were not sent to the IRS for processing.
Why have I not gotten my tax refund yet 2020?
There are many reasons your tax refund could be delayed. Perhaps your numbers and your employer’s numbers didn’t match. This year, however, the mostly likely reason your tax refund is delayed is that you filed a paper return. There was an additional backlog of tax returns created by the COVID-19 pandemic.
Are IRS refunds delayed 2020?
If a taxpayer files a return on April 15 in Year 1, the IRS generally may issue a refund until April 15 in Year 4. In 2020, the IRS postponed the filing deadline for tax year 2019 tax returns from April 15 to July 15 due to the COVID-19 pandemic.
Why is Where’s My Refund not available?
An incomplete return, an inaccurate return, an amended return, tax fraud, claiming tax credits, owing certain debts for which the government can take part or all of your refund, and sending your refund to the wrong bank due to an incorrect routing number are all reasons that a tax refund can be delayed.
Where’s My Tax Refund? The IRS Refund Timetable Explained
It has been updated for Tax Year 2021 / January 30, 2022 at 3:34 PM (EDT). OVERVIEW What occurs when you click on the green button to send your tax return is as follows. Remember that filing your tax return electronically and selecting direct deposit is the fastest method to get your refund. Subscribe: Apple Podcasts|Spotify|iHeartRadio are examples of podcasting services. The Most Important Takeaways When you file your return electronically, it normally takes between 24 and 48 hours for the IRS to accept your submission.
The Internal Revenue Service usually issues refunds in fewer than 21 days.
To check on the status of your refund, use the IRS’s Here’s My Refund?tool or contact the IRS at 800-829-1954 starting 24 hours after you e-file your return.
“Where’s my tax refund?”
Have you ever wondered what occurs between the time you file your tax return and the time you receive your refund? When you click on the green button to send your tax return, here’s what happens in reality.
- Following that, we “stamp” the return with an electronic postmark before sending it to the government. Afterwards, we both have to wait between 24 and 48 hours for the IRS to receive your tax return. What exactly are they up to? They are double-checking your personal information to ensure that it corresponds to their own records. If everything appears to be in order, the IRS will approve your return.
Firstly, we “stamp” the return with an electronic postmark, after which we transmit it to the government. Afterwards, we both have to wait between 24 and 48 hours for the IRS to receive your tax return; What exactly are they up to these days? They are double-checking your personal information to ensure that it corresponds to their database; You may expect the IRS to approve your return if everything appears to be in order.
- You can use the IRSWhere Has My Refund Gone? website. tool (the quickest choice)
- Call the Internal Revenue Service at 800-829-1954.
Utilize the IRSWhere Has My Refund? website to locate your refund. the tool (which is the most expedient); Dial 1-800-829-1954 to reach the Internal Revenue Service.
All you need to know is yourself
Provide straightforward answers to a few easy questions about your life, and TurboTax Free Edition will take care of the rest. Simple tax returns are all that are required.
Tax Season Refund Frequently Asked Questions
The majority of refunds are processed in fewer than 21 calendar days. If your tax return requires further scrutiny, it is likely that it will take longer to complete. Where Has My Refund Gone? provides the most up-to-date information about your refund that is currently available For some 2020 tax returns that require review, such as those that contain incorrect Recovery Rebate Credit amounts or those that used 2019 income to calculate the Earned Income Tax Credit (EITC) and Additional Child Tax Credit, the Internal Revenue Service is taking more than 21 days to issue refunds (ACTC).
I’m counting on my refund for something important. Can I expect to receive it in 21 days?
Following the receipt of your return, a number of different circumstances might influence the timeliness of your reimbursement. Despite the fact that we provide the majority of refunds in less than 21 days, it is conceivable that your refund will take longer. Please bear in mind that your financial institution may require a period of time before crediting your account or mailing you a refund.
It’s been longer than 21 days since the IRS received my return and I haven’t gotten my refund. Why?
- It has flaws, such as an inaccurate Recovery Rebate Credit
- It is insufficient
- And it requires more examination in general. Has been a victim of identity theft or fraud
- Included is a claim for the Earned Income Tax Credit or the Additional Child Tax Credit that has been lodged. See the Q&A section below. In addition, there is Form 8379, Injured Spouse AllocationPDF, which might take up to 14 weeks to be processed.
For the most up-to-date information on IRS return processing during the COVID-19 epidemic, see theIRS Operations Status website (in English). When (or if) we require further information from you in order to process your refund, we will notify you by letter.
As long as we’re still processing your return or making corrections to a mistake, neither Where’s My Reimbursement? nor our phone specialists will be able to offer you with an estimated refund date in advance. Please go to Where Has My Refund Gone? for the most up to date information on your refund.
I claimed the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC) on my tax return. When can I expect my refund?
According to the Protecting Americans from Tax Hikes (PATH) Act, the Internal Revenue Service is not permitted to provide EITC and ACTC refunds before the middle of the month. When taxpayers choose direct deposit and there are no additional concerns with their tax return, the IRS anticipates that most EITC/Additional CTC refunds will be available in their bank accounts or on their debit cards by March 1. Some taxpayers, on the other hand, may receive their refunds a few days early. Check Where’s My Refund to find out when you will receive your customised refund.
The IRS2Go smartphone app, as well as IRS.gov, continue to be the most convenient ways to check the status of a refund.
Will calling you help me get my refund any faster?
If Where’s My Refund? urges you to call us, our personnel will be unable to give you with any extra information until you specifically request it. If the message “Where’s My Reimbursement?” indicates that we are still processing your return, our personnel will be unable to provide you with an exact refund date.
What information doesWhere’s My Refund?have?
Typically, we will provide you with information on the most recent tax year refund we have on file for you.
Can I use Where’s My Refund? to check the status of a refund on a prior year return.
Where Has My Refund Gone? will show you the current status of your most recently filed tax return during the previous two tax seasons.
When can I start checkingWhere’s My Refund?for my refund’s status?
We’ll notify you within 24 hours of receiving your electronically submitted tax return or within 4 weeks of receiving your paper tax return, whichever is sooner.
WillWhere’s My Refund?show me when I’ll receive my refund?
Where Has My Refund Gone? After we have processed your return and approved your reimbursement, we will contact you to set up a specific day for you.
Will ordering a transcript help me find out when I’ll get my refund?
A tax transcript will not assist you in determining when you will get your refund. There is no guarantee that the information transcripts have about your account will accurately reflect the amount or timeliness of your refund. They are ideally suited for verifying prior income and tax filing status for mortgage, student, and small business loan applications, as well as for assisting with tax preparation and production of tax returns.
I’m a nonresident alien. I don’t have to pay U.S. federal income tax. How do I claim a refund for federal taxes withheld on income from a U.S. source? When can I expect to receive my refund?
Nonresident aliens who receive income from a source in the United States must disclose the necessary income and withholding amounts on Form 1040-NR, U.S. Nonresident Alien Income Tax ReturnPDF in order to be eligible for a refund of federal taxes withheld on such income. When you submit your Form 1040NR, you must include any supporting documentation that demonstrates your income and withholding levels. To complete a 1040NR return, we require more than 21 days of processing time. Please anticipate up to 6 months for your refund to be processed from the date you filed your 1040NR.
How will I know you’re processing my tax return?
Where Has My Refund Gone? tracks the progress of your tax return from its reception until its conclusion. It will notify you when your return has been received as well as if your refund has been accepted or has been issued.
What is happening whenWhere’s My Refund?shows my tax return status as received?
We have received and are currently processing your tax return.
What is happening whenWhere’s My Refund?shows my refund’s status as approved?
We’ve authorized your request for a refund. Currently, we are prepared to issue a refund through your bank or straight to you through the mail. This status will inform you as to when we will transfer the funds back to your bank account (if you selected the direct deposit option). You should check with your bank about your refund 5 days after we’ve issued it because banks differ in how and when they credit monies to accounts. If you get a refund cheque in the mail, please allow several weeks for it to arrive.
How long will it take for my status to change from return received to refund approved?
It can take a few days in certain cases, but it could take longer.
DoesWhere’s My Refund?always display my refund status showing the different stages of return received, refund approved and refund sent?
No, this is not always the case. Instead, when we are still examining your return, it may offer instructions or an explanation of what we are doing, depending on the circumstances.
DoesWhere’s My Refund?update often?
Once a day, generally at night, for 30 minutes. There is no need to check any more frequently.
WillWhere’s My Refund?give me my amended return’s status?
No, it will not provide you with information on revised tax returns. What happened to my Amended Return? can provide you with information on the current status of your amended return. The status of your modified return may only be researched by our phone and walk-in staff if it has been 16 weeks or more since you submitted it in.
I requested a direct deposit refund. Why are you mailing it to me as a paper check?
- We can only deposit refunds into accounts in your own name, the name of your spouse, or the name of a joint account
- Otherwise, we cannot repay you. A direct deposit may be rejected by a banking institution. The amount of electronic refunds that can be deposited into a single bank account is limited to three
Why is my refund different than the amount on the tax return I filed?
It is possible that all or part of your return was utilized (offset) to pay down past-due federal tax, state income tax, state unemployment compensation obligations, child support, spousal support, or other federal nontax debts, such as student loan debt. If you believe you may be entitled to an offset, or if you have any questions concerning an offset, you should contact the collection agency to which you owe the amount. We may have also adjusted the amount of your refund as a result of the modifications we made to your tax return.
You’ll receive a notification informing you of the changes.
page will show the reasons for the refund offset.
What should I do when the refund I receive is not from my tax account?
We ask that you refrain from cashing the refund cheque or spending the direct deposit return. Return the money to us in its original form. Tax Topic 161, Returning an Erroneous Refund — Paper Check or Direct Deposit, explains how to return an incorrect refund. gives further information about what to do
Here’s how long it will take to get your tax refund in 2022
Three-quarters of all Americans receive a yearly tax return from the Internal Revenue Service, which is generally the largest check a family receives throughout the year. However, with this year’s tax season now underway, taxpayers may experience a repeat of last year’s processing snarls, which resulted in approximately 30 million taxpayers having their returns — and refunds — held up by the IRS.Treasury Department officials warned on Monday that this year’s tax season will be a challenge, with the IRS beginning to process returns on January 24, 2019.
As of December 31, the IRS had a backlog of 6 million unprocessed individual tax returns, a considerable decline from a backlog of 30 million in May, but a big increase from the 1 million unprocessed returns that are more normal at the start of tax season at this time.
Taxpayers may be concerned about refund delays in 2022, but the IRS announced this month that the vast majority of Americans should receive their refunds within 21 days of filing – with few exceptions. People who claim the Earned Income Tax Credit or the Child Tax Credit will have their tax returns processed more slowly as a result of regulations designed to prevent fraud. However, people who claim those credits and file their tax returns on or close to January 24 will not receive their refund until early March, according to the Internal Revenue Service (IRS).
- In some instances, your tax return may be highlighted, resulting in delays of several weeks or even months in processing.
- Taxpayers who got a Child Tax Credit letter 6419 had inaccurate information regarding the amount they received, according to the Internal Revenue Service (IRS) said on Monday.
- The IRS may flag a taxpayer’s return if it does not match what the agency has on file.
- Tax experts expressed their worries on a conference call to discuss the current tax season.
- According to the trade newspaper CPA Advisor, if all goes according to plan, taxpayers who e-file can expect to get their refunds by direct deposit as soon as one week after filing, based on prior years’ processing times.
In the meanwhile, tax experts say there are several things people can take to assist secure a timely tax refund, which is especially crucial this year given the IRS’s large backlog of refund requests. Following the release of a report to Congress on Wednesday, the National Taxpayer Advocate Erin M. Collins expressed “grave worry” about the next filing season, citing the backlog of tax returns, among other difficulties. In order to prepare a dinner, Mark W. Everson, vice chairman of Alliantgroup and former Commissioner of the Internal Revenue Service, explained that “the first thing you need to know is that the kitchen must be clean after the previous meal.” “It simply snowballs into a really bad scenario from there.” Collins’ report, which characterized an agency in crisis, stated that delays in processing tax returns are one of the most critical issues facing the agency.
“Weeks and weeks” of IRS delays
Although the IRS claims that the vast majority of refunds would be processed within 21 days, experts caution that delays are probable due to the fact that the agency is currently processing tax returns for the 2020 tax year. Following a record-breaking fiscal year, the Internal Revenue Service processed more than 240 million tax returns and issued almost $736 billion in refunds, which included $268 billion in federal stimulus payments, according to the most recent IRS statistics. Approximately 60 million individuals contacted or visited an IRS office during that time period.
- “File early in 2022, get started tomorrow, and attempt to put your taxes together with the assistance of a knowledgeable expert,” says the author.
- According to Collins, the Internal Revenue Service answered just around one out of every nine taxpayer calls during fiscal year 2021.
- “In the olden days, you’d have to wait 5-10 minutes before getting a hold of an IRS agent,” said Christian Cyr, a CPA and president and chief investment officer of Cyr Financial, a financial services firm.
- It takes a lot of effort to ensure a successful tax filing process, especially considering that the average refund last year was around $2,800.
- This is a measure that the Internal Revenue Service strongly recommends this year.
- This is due to the fact that the IRS depends on computers to electronically process submitted returns, whereas paper returns must be processed by human personnel at the time of filing.
Even if one ignores the stresses on employees caused by the epidemic, the IRS’s personnel has not kept pace with population growth.
That implies fewer employees will be required to handle a higher number of returns.
Tax professionals encourage people to join the approximately 138 million taxpayers who have already opted to file their returns electronically.
Request a refund by direct deposit.
According to the agency, the quickest method to receive your money is to employ a combination of e-filing and direct deposit, which transfers the funds directly into your bank account.
According to the IRS, the vast majority of taxpayers who file electronically and choose direct deposit will get their refunds within 21 days, providing there are no difficulties with the return itself.
Don’t make educated guesses.
Any discrepancies are identified for manual review by an employee.
Once this occurs, it is probable that your tax return may be delayed for many weeks or perhaps months.
According to Cyr, relying on “word of mouth or the honor system” while completing your tax return is not a good idea.
In 2021, these letters will tell each taxpayer of the amount of money they got via these programs — these are vital papers to keep on hand since you’ll be referring to the figures in these letters when completing your tax return in the future.
“Make sure you don’t have any difficulties that are the result of your own carelessness,” Everson suggested.
However, because some CTC letters were issued to taxpayers in error, the Internal Revenue Service is asking them to double-check how much they got by entering into their accounts at IRS.gov. The Internal Revenue Service will issue two letters:
- Letter 6419 — alerting taxpayers of their CTC payments in advance of the due date. The agency began issuing these letters in December and will continue to do so throughout the month of January Regarding the third stimulus check, see letter 6475. In late January, you will get a letter from me.
According to tax professionals, you should keep both of these letters and refer to them while completing your tax return.
You may face a delay if you claim these tax credits
Even if you follow all of the instructions to the letter, there are a few of difficulties that might cause delays. In addition, the IRS states that it will not be able to provide refunds including the Earned Income Tax Credit (EITC) or the Child Tax Credit until mid-February. As the Internal Revenue Service (IRS) said last week, “the legislation affords this additional time to assist it in preventing false refunds from being paid.” That implies that even if you file your tax return as soon as possible on January 24, you may still not get a refund within the required 21-day period if your tax return includes either of those tax credits.
A 2015 rule that slows refunds for persons who claim these credits was enacted as a countermeasure to fraudsters who use identity theft to steal taxpayers’ money, and it is the cause for the delay.
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How Long Does It Take to Get a Tax Refund?
You may only breathe a sigh of relief once you’ve completed the time-consuming and stressful process of completing your tax returns. This is due to the fact that you’ll most likely be thinking, “How long does it take to collect a tax refund?” You may, however, be dissatisfied with the IRS processing periods, regardless of how eager you are to get your refund check from your federal income tax return. You should know how long it will take to get your federal tax return so that you can factor it into your budgeting for the year.
How Long Will My Tax Refund Take?
The manner in which you file your tax return will have a significant impact on when you get your refund. To get your refund by direct deposit, the most expedient method is to e-file your return and have it processed electronically. The vast majority of taxpayers who choose this option will receive their refunds within 21 days of filing their 2021 taxes, which will be filed in 2022, according to the IRS. The IRS will approve your tax return on April 15th, which means your refund will be in your bank account within three weeks of that date.
If you file a paper return or if you choose to get your refund in the form of a paper check, it will take longer for your return to be processed.
So if you’re tempted to wait about wondering, “How long does it take to obtain a tax refund?” you might want to consider e-filing or, at the very least, direct deposit to avoid the hassle. The following table will provide you with an indication of how long it generally takes to get a tax refund:
|Federal Tax Refund Schedule|
|Filing Method||E-File, Direct Deposit||Paper File, Direct Deposit||E-File, Check in Mail||Paper File, Check in Mail|
|Time from the day you file until you receive your refund*||1-3 weeks||3 weeks||1 month||2 months|
*Please keep in mind that these are only suggestions. For the most part, depending on how you file, you should be able to anticipate to get your refund within these time frames. The following is a thorough summary of when taxpayers got their return in 2021 for your convenience:
|2021 IRS Refund Schedule|
|Taxes Accepted||Direct Deposit||Paper Check|
|Week of February 13||February 26||March 5|
|Week of February 20||March 5||March 12|
|Week of February 27||March 12||March 19|
|Week of March 6||March 19||March 26|
|Week of March 13||March 26||April 2|
|Week of March 20||April 2||April 9|
|Week of March 27||April 9||April 16|
|Week of April 3||April 16||April 23|
|Week of April 10||April 23||April 30|
|Week of April 17||April 30||May 7|
|Week of April 24||May 7||May 14|
|Week of May 1||May 14||May 21|
|Week of May 8||May 21||May 28|
|Week of May 15||May 28||June 4|
|Week of May 22||June 4||June 11|
|Week of May 29||June 11||June 18|
|Week of June 5||June 18||June 25|
|Week of June 12||June 25||July 2|
|Week of June 19||July 2||July 9|
|Week of June 26||July 9||July 16|
|Week of July 3||July 16||July 23|
|Week of July 10||July 23||July 30|
|Week of July 17||July 30||August 6|
|Week of July 24||August 6||August 13|
|Week of July 31||August 13||August 20|
Tax Returns That Include the EITC or ACTC
If you filed a claim for the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC), you may have to wait a little longer for your refund to be processed. The Internal Revenue Service is required by law to retain refunds from these returns until February 15. According to the Internal Revenue Service, you shouldn’t anticipate your refund to arrive in your bank account until late February. Returns that are not processed by direct deposit, as well as those that have difficulties with them, will take more time to process.
How to Check Your Tax Refund Status
“How long does it take to collect a tax refund?” is something you could be wondering about on a regular basis. Use the IRS website’s Where’s My Return? feature to find out where your federal tax refund is in the process of being sent to you. In addition, the IRS2Go smartphone app provides access to the same tool. If you file your return online, the status of your return will normally be known within 24 hours. For paper returns, it will take at least four weeks before you will be able to check on the progress of your submission.
- It is your Social Security Number (SSN). What is the current status of your filing? What the actual monetary amount of your anticipated return will be
If you submitted a tax return for the Earned Income Tax Credit or the American Opportunity Tax Credit, the IRS says you may anticipate your refund status to change by late February.
The manner in which and when you file your tax return will determine how long it will take you to get your tax refund. The quickest approach to obtain your refund is to e-file your return and arrange to have your refund deposited into your account by direct deposit. The IRS has said that, for the tax year 2021, the great majority of e-filers (who also use direct deposit for refunds) would get their refunds within 21 days of filing their taxes online. Sending a paper return or obtaining your refund in the form of a paper check might cause the procedure to take months longer than it should.
This is due to the fact that the vast majority of taxpayers file their returns during those hours.
Tips for Getting Through Tax Season
- In the grand scheme of things, taxes are only one part of your financial situation. A financial adviser can assist you in planning your retirement, estate, and tax strategies in order to achieve all of your financial objectives. Your financial adviser links you with up to three other financial advisors in your region using SmartAsset’s free service, and you may interview your advisor matches at no cost to determine which one is the best fit for you. If you’re ready to locate a financial adviser who can assist you in achieving your financial objectives, get started right away. Remember to take into consideration all of your filing alternatives if you still have to do taxes this year! H R Block and TurboTax are two of the leading tax-filing services in the United States. Both are simple to use and include step-by-step instructions to assist you in maximizing your return. For an in-depth comparison of TurboTax and H R Block, visit SmartAsset. When it comes to processing tax returns, each state has its unique system in place. Depending on your state, you may receive your refund within a number of days, however other states may take many weeks or months to complete your refund. Learn how to verify the status of your state tax refund. In the event that you are reliant on your tax refund to make ends meet, you may be able to make some adjustments to your tax withholdings. If you claim more or fewer allowances on your W-4, it will have an influence on how much tax your employer withholds from your paycheck. Taxes withheld at a lower rate will result in greater take-home income. Even if you receive a large refund while filing your taxes, there may be potential for you to raise your allowances.
iStock.com/fstop123, iStock.com/Eva-Katalin, and iStock.com/alex skp are credited with the images. Derek Silva, CEPF® (Certified Environmental Professional). Derrick Silva is on a mission to make personal finance more accessible to the general public. He contributes to SmartAsset by writing on a number of personal financial subjects and serving as a retirement and credit card specialist. A member of the Society for Advancing Business Editing and Writing, Derek also has the title of Certified Educator in Personal Finance® (CEPF®) and is an expert in personal finance.
Derek wants readers to take away from his work the following message: “Don’t forget that money is only a tool to help you achieve your objectives and live the lifestyle you choose.”
2021 IRS Tax Refund Schedule: When Will I Get My Tax Refund?
Tax season is dreaded by many individuals. You may, on the other hand, have something to look forward to if you are anticipating a tax refund. The IRS may be able to help you pay off some debt, construct an emergency fund using a high-interest savings account, or work with an investment and retirement counselor to set investing and retirement objectives if you have additional money coming your way. However, depending on how you file your taxes and how you receive your return, it may take up to three weeks for the majority of individuals to receive their tax refund.
When Will I Get My Tax Refund?
The Where’s My Return? function, available on the IRS website and the IRS2Go mobile app, allows you to check the status of your refund online. If you file your tax return online, you will be able to check on the status of your refund within 24 hours of submitting it. While mailing your tax return will expedite the process, you will have to wait at least four weeks before receiving any information on your tax refund. Remember that you may normally submit your taxes in January if you plan beforehand.
If you inadvertently input the erroneous Social Security number, you may receive an IRS Error Code 9001.
The majority of people get their refunds within 21 days after filing their tax returns.
Depending on how quickly you seek a refund, you may have to wait several weeks for your check to arrive.
|Estimated Federal Tax Refund Schedule|
|Filing Method||E-File, Direct Deposit||Paper File, Direct Deposit||E-File, Check in Mail||Paper File, Check in Mail|
|Time from the day you file until you receive your refund||1-3 weeks||3 weeks||1 month||2 months|
Please keep in mind that these are only estimates. For the most part, depending on how you file, you should be able to anticipate to get your refund within these time frames. According to IRS statistics, filers typically get their refunds two weeks after their taxes have been accepted by the IRS for direct deposit and three weeks after e-filing for a paper check in the mail. What exactly is taking so long? If you have not received your refund within 21 days, it is possible that your tax return needs to be reviewed again.
If the Internal Revenue Service (IRS) need extra information in order to process your return, it may send you instructions by mail.
Tax returns filed by anyone who claimed those credits must be held by the Internal Revenue Service until February 15, according to the Protecting Americans from Tax Hikes (PATH) Act of 2015.
tool and claiming one of those tax benefits may result in a PATH Act notification appearing on your screen.
You should avoid contacting the IRS directly unless you were advised to do so by the Where’s My Refund? feature or it has been 21 days since you filed your tax return electronically–or six weeks since you sent your paper tax return–and you have not received your refund.
What About My State Tax Refund?
Until now, everything we’ve discussed has been about federal tax refunds. In terms of tax refunds, each state operates in a somewhat different manner. If you submitted your state tax return electronically, you should expect to get your refund within 30 days after filing your return. If you submitted a paper tax return, it might take up to 12 weeks for your refund to be processed and received. For further information on the status of your refund, you should contact your state tax office or visit the Department of Revenue website for your state.
When Are Taxes Due?
The deadline to file your tax return and pay your tax bill is usually April 15th of each year. However, because of a legal holiday in Washington, D.C., taxes for the year 2021 must be submitted by April 18, 2022. Residents of Massachusetts and Maine have until April 19, 2022, to file a lawsuit against the state. If you find yourself still unable to make the tax filing due for the upcoming year, you can request for a six-month extension of the deadline. However, the sooner you file your tax return, the sooner you will receive your tax refund.
It is essential that you complete your tax return as soon as possible, review it for errors before submitting it, and file your tax return electronically if you want to get your refund as promptly as possible. You can request a paper check, but if your return is transferred immediately into your checking account, savings account, or individual retirement plan, you will get it much more quickly (IRA). In case you’re concerned about the status of your tax return, don’t forget to utilize the IRS Where’s My Refund?
It gives you up-to-the-minute information on the progress of your return.
Tips for Maximizing Your Tax Savings
- Finding a quality financial advisor does not have to be a difficult endeavor. Your financial adviser links you with up to three other financial advisors in your region using SmartAsset’s free service, and you may interview your advisor matches at no cost to determine which one is the best fit for you. If you’re ready to locate a financial adviser who can assist you in achieving your financial objectives, get started right away. When it comes to paying your taxes, using a tax filing service may make the process much simpler. They may relieve you of a lot of the stress and uncertainty associated with the procedure, allowing you to complete a more accurate tax return. They can also assist you in discovering tax deductions or exemptions that you may not have been aware of on your own. Among the most popular software options are Tax preparation services such as TurboTax and H R Block
- If you discover that you are receiving substantial tax refunds on a frequent basis, it is possible that you are paying too much in taxes in the first place. If this is the case, you may wish to make adjustments to the withholding amounts on your W-4 so that you may retain more money over the whole year. Even if large returns are thrilling, why give the IRS a free loan?
Photography by Juan Monino, Baltic Boy, and Anya Berkut (iStock.com/Juanmonino), with permission. Lauren Perez, CEPF®, is a certified environmental professional. Lauren Perez writes for SmartAsset on a range of personal financial subjects, with a particular focus on savings, banking, and credit cards. She has a bachelor’s degree in English and a master’s degree in finance. Ms. McKinney holds the designation of Certified Educator in Personal Finance® (CEPF®) as well as membership in the Society for Advancement of Business Editing and Writing (SABEW).
Her hometown is Los Angeles, and she was born and raised there.
With the hours of study Lauren puts in at SmartAsset, she is able to give suggestions to friends and family about credit cards and retirement accounts that they could find beneficial.
Tax Refund Schedule 2021: How Long It Takes To Get Your Tax Refund
We at Bankrate are dedicated to assisting you in making more informed financial decisions. Despite the fact that we adhere to stringent guidelines, this post may include references to items offered by our partners. Here’s what you need to know about According to the IRS, more than 90 percent of tax refunds are given in fewer than 21 days after the refund request is received. While the precise date of obtaining your refund is dependent on a variety of circumstances, it is possible that the procedure will take longer in some situations.
If you’ve been owed a refund, you’re undoubtedly looking forward to receiving it. You should be aware of the following information if you want to forecast how long you will have to wait for your refund:
How long will my tax refund take?
The Internal Revenue Service (IRS) distributes over nine out of ten refunds to taxpayers in less than three weeks. Unfortunately, the arrival of your tax return within 21 days is not guaranteed. There are a variety of factors that might influence the length of time it takes for you to get your tax return, including the choices you make when you file. You have the option of selecting the method through which you will receive any refund the IRS owes you. Here are some alternatives for you:
- Return of funds by direct deposit into your bank account (this is the quickest method of receiving your refund)
- Mailing a paper check is a common practice. The refund will be credited to the debit card on file. Purchases of up to $5,000 in U.S. dollars are permitted. Bonds for saving
- Divide your return across up to three different financial accounts in your name, such as a regular IRA, a Roth IRA, or a SEP-IRA
Depending on whatever delivery method you select for your tax refund, the amount of time it takes for you to receive your payments may vary. According to the Internal Revenue Service, combining the direct deposit option with an electronically filed tax return is the most efficient way to get your refund.
Tax refund process
Based on your filing and delivery preferences, the table below provides an anticipated breakdown of how soon you could expect to receive your tax return.
|Delivery type||Delivery time (date filed – receipt of tax refund)|
|E-file with direct deposit||1-3 weeks|
|Paper file with direct deposit||3 weeks|
|E-file with refund check in the mail||6-8 weeks|
|Paper file with refund check in the mail||6-8 weeks|
2021 IRS refund schedule chart
The Internal Revenue Service has not specified an exact date when it would begin accepting tax returns in 2022 for the tax year 2021. An example of the schedule from earlier in 2021 is shown below (the 2020 tax year).
|Date taxes accepted||Direct deposit sent||Paper check mailed|
|Jan. 25 – Jan. 30||Feb. 12||Feb. 19|
|Jan. 31 – Feb. 6||Feb. 19||Feb. 26|
|Feb. 7 – Feb. 13||Feb. 26||March 5|
|Feb. 14 – Feb. 20||March 5||March 12|
|Feb. 21 – Feb. 27||March 12||March 19|
|Feb. 28 – March 6||March 19||March 26|
|March 7 – March 13||March 26||April 2|
|March 14 – March 20||April 2||April 9|
|March 21 – March 27||April 9||April 16|
|March 28 – April 3||April 16||April 23|
|April 4 – April 10||April 23||April 30|
|April 11 – April 17||April 30||May 7|
|April 18 – April 24||May 7||May 14|
|April 25 – May 1||May 14||May 21|
|May 2 – May 8||May 21||May 28|
|May 9 – May 15||May 28||June 4|
|May 16 – May 22||June 4||June 11|
|May 23 – May 29||June 11||June 18|
|May 30 – June 5||June 18||June 25|
|June 6 – June 12||June 25||July 2|
|June 13 – June 19||July 2||July 9|
|June 20 – June 26||July 9||July 16|
|June 27 – July 3||July 16||July 23|
|July 4 – July 10||July 23||July 30|
|July 11 – July 17||July 30||Aug. 6|
|July 18 – July 24||Aug. 6||Aug. 13|
|July 25 – July 31||Aug. 13||Aug. 20|
Other factors that could affect the timing of your refund
There are a number of other causes that might delay the processing of your tax refund, including mistakes, incomplete tax filings, and fraud. Due to unique IRS restrictions, taxpayers who claim the earned income tax credit (EITC) or the extra child tax credit (ACTC) may have further delays in receiving their refunds until February 27th. If the Internal Revenue Service concludes that your tax return requires additional scrutiny, you can anticipate a lengthier wait time for your refund. According to the IRS, refunds for returns that contain problems or that require special treatment might take up to four months to process.
Delays can also occur when the IRS detects that a return is the result of identity theft or fraud.
A delay in answering can lengthen the time it takes for your refund to be processed.
How to track the progress of your refund
The Internal Revenue Service (IRS) has reduced the guessing associated with waiting for your tax refund by developing IRS2Go, an app that allows you to follow the progress of your return. Also available is the “Where’s My Refund?” web site, which allows you to track the progress of your refund. 24 hours after an e-filed return is received by the IRS, or four weeks after a paper return is received by the IRS, both technologies deliver individualized daily updates to taxpayers.
It is possible to watch your refund’s journey through three phases after submitting some basic information (such as your Social Security number or ITIN, your filing status, and the precise amount of your return).
Once your refund has reached the third step, you will need to wait for your financial institution to conduct a direct transfer into your account or for a paper check to arrive in the mail to get your refund.
What to do once your refund arrives
According to the Internal Revenue Service, for many Americans, their IRS tax return is the largest check they get all year. It’s a good idea to have a strategy for how you’re going to spend your windfall in advance of receiving it. Making a decision on how you will spend, save, or invest the money ahead of time might help you avoid succumbing to the purchasing desire when it strikes. Your return is yours to spend as you see fit, and it may be used to help pay for day-to-day expenditures or invested to provide long-term financial security for yourself and your family.
Are you looking for some inspiration?
- What happened to my refund? How to track the status of your tax refund
- This was the average tax refund received during the previous filing season. These nine states do not levy an income tax.
My refund hasn’t shown up. Finding your tax refund; How to track down your tax refund In the most recent filing season, this was the average amount of a tax refund. There is no income tax in these nine states.
Expecting a tax refund from the IRS? Here’s how long it could take
The 2022 tax season has officially begun, and the IRS has one request for taxpayers who want to receive their refunds as quickly as possible: File your tax return as soon as possible, preferably online. According to the Internal Revenue Service, over three-quarters of filers got a tax refund last year, with an average payout of roughly $2,800. This is a significant infusion of cash for most households, on which many Americans rely. THE TAX-FILING SEASON WITH THE IRS WILL BEGIN ON JAN. 24. The Internal Revenue Service has already issued a warning that this year’s tax season would be “difficult,” and that filers should expect issues and probable delays.
- There are various procedures that taxpayers may take to ensure that they receive their money as quickly as possible.
- Americans are advised to submit online with direct deposit in order to avoid any delays and to get their refund within 21 days of filing their tax return.
- David Ake, File / AP Newsroom) Despite this, many taxpayers find themselves waiting far longer than 21 days for their refund — and this is frequently due to simple math errors on their tax filings or delays caused by identity theft.
- According to Bronnenkant, there is a “huge problem” in which fraudsters find someone’s Social Security number, illegally file a return on their behalf, and claim a refund on their behalf.
This year, the Internal Revenue Service (IRS) – as well as individual filers – will face new challenges: Taxpayers will be required to include on their tax returns the monthly child tax credit payments they get as well as the stimulus checks they receive in 2021, further complicating the situation and increasing the probability of errors and delays in the processing of returns.
Otherwise, your return and any refund that you may be entitled to will be delayed.
A 1040 income tax form and W-2 wage statement, as well as a refund cheque from the United States Treasury.
It is necessary to have this information in order to calculate how much extra money households will get from the credit when they complete Schedule 8812 and Form 1040.
Furthermore, if at all feasible, they should file their tax returns electronically with direct deposit; completing a paper tax return this year will result in a longer refund wait.” If a taxpayer files an electronic return without encountering any problems and elects to receive their refund by direct deposit, the Internal Revenue Service expects the money to arrive within 21 days.
BROWSE AND SEARCH FOR “FOX BUSINESS ON THE GO” BY CLICKING HERE Due to the fact that Emancipation Day will be honored in Washington, D.C. on April 18 this year, the tax-filing season will conclude on April 18 for the vast majority of taxpayers, rather than the customary deadline of April 15.
Where’s My Refund? Check the Status of My Tax Return
Tax refunds worth millions of dollars are not provided or claimed by the Internal Revenue Service (IRS) every year, according to the IRS.
Undelivered Federal Tax Refund Checks
Refund cheques are mailed to the last known address associated with your account. In the event that you relocate without alerting either the IRS or the United States Postal Service (USPS), your refund check may be returned to the IRS. If you were anticipating a federal tax return but did not get one, you may look on your refund status on the IRS’Where’s My Refundpage. You’ll need to input your Social Security number, filing status, and the exact total dollar amount of your refund to be able to get your refund.
You can also contact the Internal Revenue Service to inquire about the status of your refund.
Using the automated phone system, on the other hand, will save you from having to wait.
If you relocate, you must file aChange of Address – Form 8822with the Internal Revenue Service; you should also file aChange of Addresswith the United States Postal Service.
Unclaimed Federal Tax Refunds
If you are qualified for a federal tax refund but do not submit a return, your refund will be forfeited and you will not get it. Even though you are not obliged to submit a return, it may be beneficial for you to do so if any of the following apply:
- You are eligible to receive the Earned Income Tax Credit (EITC).
It’s possible that you didn’t file a tax return because your earnings were below the threshold for filing. However, if you file your return within three years of the filing date, you will be eligible for a refund.
State Refund Checks
Contact your state’s revenue agency if you need further information about your state tax refund check. The most recent update was made on October 4, 2021.