Certain things can affect the timing of your refund, including:. The IRS typically sends out refunds on a schedule. This schedule varies by the method you sent your return in, when you file, and what credits you claim. See an estimated schedule in the chart below. The following chart includes estimated dates you could receive your refund for the tax season if you have submitted everything correctly and are not claiming any tax breaks that could cause a delay.
After you submit your return with TaxSlayer , we time stamp your return and electronically send it to the IRS. Your return is now in the hands of the IRS. They typically take the next to review your information to make sure it is correct. You should receive an email notification once your return is accepted.
After you receive confirmation, you can expect to receive your refund based on the estimated schedule above. When you receive confirmation that the IRS accepted your return, it means that they have reviewed your return, and it has passed their initial inspection.
They verify your personal information and other basic items, like if your dependents have already been claimed by someone else. Then they have a few days to approve your refund.
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The IRS sends over 9 out of 10 refunds to taxpayers in less than three weeks. There are a number of factors — including the choices you make when you file — that could impact how long it takes for you to receive your tax refund.
The delivery option you choose for your tax refund will affect how quickly you receive your funds. According to the IRS, the fastest way to receive your refund is to combine the direct deposit method with an electronically filed tax return. Below is an estimated breakdown of how soon you might expect to receive your tax refund, based on filing and delivery choices.
Additional factors could slow down the processing of your tax refund, such as errors, incomplete returns or fraud. You should also expect to wait longer for your refund if the IRS determines that your tax return needs further review. Refunds for returns that have errors or that need special handling could take up to four months, according to the IRS.
The IRS is limiting the number of direct deposits that go into a single bank account or prepaid debit card to three tax refunds per year. Your limit may have been exceeded. In addition, for a small number of returns, the IRS decides there may be indications that the bank account on the return is suspicious and they may decide to issue a check instead.
Lisa has 15 years of experience in tax preparation. Her success is attributed to being able to interpret tax laws and help clients better understand them. Lisa also has been a TurboTax product user for many years and understands how the software program works. In addition to extensive tax experience, Lisa also has a very well-rounded professional background. She has held positions as a public auditor, controller, and operations manager. She could also be seen helping TurboTax customers with tax questions during Lifeline.
For Lisa, getting timely and accurate information out to customers to help them is paramount. How long it takes to get your tax refund will depend on how and when you file your tax return. The best way to get your refund quickly is to e-file your return and elect to receive the refund by direct deposit.
For the tax year, the IRS has said that the vast majority of e-filers who also use direct deposit for refunds will receive their refund within 21 days. Sending a paper return or receiving your refund as a paper check will potentially slow down processing by months.
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