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If you claimed either of those tax breaks, a PATH Act message may appear when you use the Where’s My Refund? In order to find out the status of your tax refund, you’ll need to provide your Social Security number (SSN), filing https://turbo-tax.org/all-about-irs-tax-refund-accepted/ status and the exact dollar amount of your expected refund. If you accidentally enter the wrong SSN, it could trigger an IRS Error Code 9001. That may require further identity verification and delay your tax refund.
You can use the employee verficiation procedure to verify the identity of any Department employee who contacts you. You can check the status of your refund through the “Where’s My Refund?” page on the IRS website 24 hours after your return was filed electronically, the agency notes. In a best-case scenario, a paper tax return could have you waiting about four weeks for a refund, according to the IRS. Congress has increased the agency’s funding, and the IRS said it has hired more than 5,000 new telephone representatives. Still, the agency says you should only call if it’s been at least 21 days since you filed your taxes online, or if the Where’s My Refund tool tells you to. One of the most common is Tax Topic 152, indicating you’re likely getting a refund but it hasn’t been approved or sent yet.
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If major new tax legislation is passed at the end of the year, however, this could push the start of tax season back by a week or two. So, early tax filers who are a due a refund can often see them as early as mid or late February. However, taxpayers with the Earned Income Tax Credit or Child Tax Credit generally have their refunds delayed by about one month while the IRS confirms eligibility for these credits. The estimated refund date chart is below if you just want to scroll down.
Otherwise, tax relief experts such as tax attorneys and enrolled agents can save you time and improve your chances of negotiating generous terms on your tax settlement. Due to changes in the IRS auditing system, they no longer release a full schedule as they did in previous years. The following chart is based on IRS statements, published guidelines and estimates from past years. This IRS refund schedule should only be used as a rough guideline. “Expert verified” means that our Financial Review Board thoroughly evaluated the article for accuracy and clarity.
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According to tax attorney Ken Berry, it’s not likely that when Spring 2022 comes around that everything will be like it was in 2019 or before. Covid-19 will still be a concern, several stimulus tax laws will still be challenging for some filers, and new tax laws may very well be created between now and then that add more complexity. We may have made an adjustment to your return that caused a change in your refund. You should receive a Notice of Adjustment explaining our change and your new refund amount.
The agency either needs to verify certain credits or dependents, or it has determined that your tax refund will be reduced to pay money that it believes you owe. You’ll need to wait about four weeks to receive a notice from the IRS explaining what you need to do to resolve the status. If you file electronically and choose direct deposit of your refund, we will transfer https://turbo-tax.org/ the funds to your bank account within several days from the date your return is accepted and processed. We usually process electronically filed tax returns the same day that the return is transmitted to us. The following tax refund table is based on previous refund tables released by the IRS to help taxpayers know when they should receive their tax refunds.
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For most years, the deadline to submit your tax return and pay your tax bill is April 15. However, taxes for the tax year 2022 are required to be filed by April 18, 2023. For those that were unable to meet the tax filing deadline for the year, there was an option to file for a six-month extension. This would put your extension deadline to file your taxes at October 16, 2o23, but the sooner you file, the sooner you can receive your tax refund. Your tax refund may still be processing due to these IRS delays. Taxpayers do not need to file an additional return nor tax amendment as this will not affect the rate at which the IRS processes returns and refunds.
You normally have a tax bill if your employer doesn’t withhold enough taxes from your paycheck. The IRS does not have an official tax refund calendar or schedule, but the agency does provide basic guidelines for when you might expect your refund. We can notify you when your refund is scheduled to be deposited into your bank account or sent as a check in the mail. For a list of the most common statuses you may see as we process your return, see Understand your refund status, above.
Put your refund to good use.
If you go through the tax filing process and come out owing the government money, there are options for getting tax relief. You can negotiate directly with the IRS and state revenue agencies or hire a tax relief company to negotiate on your behalf. Below is an estimated breakdown of how soon you might expect to receive your tax refund, based on filing and delivery choices.
- Alternatively, taxpayers can use the refund to buy U.S.
- Our goal is to give you the best advice to help you make smart personal finance decisions.
- If you’re self-employed, you may get a refund if you overpaid your estimated quarterly taxes.
- You can begin filing your 2022 return through IRS Free File before this date, but the IRS will not process them until later in the month.
- You can check the status of your refund through the “Where’s My Refund?” page on the IRS website 24 hours after your return was filed electronically, the agency notes.