How can I find out my refund date?
Where's My Refund provides a personalized date after the return is processed and a refund is approved. While most tax refunds are issued within 21 days, some may take longer if the return requires additional review.
Use the IRS Where's My Refund tool or the IRS2Go mobile app to check your refund online. This is the fastest and easiest way to track your refund. The systems are updated once every 24 hours.
24 hours after you e-file a current-year return. 3 or 4 days after you e-file a prior-year return. 4 weeks after you file a paper return.
The transcript also provides a processing date, estimating when your refund will be issued, often within 21 days of the cycle code date.
| If the IRS accepts your return by: | Direct deposit could be sent as early as: | Or your check could be mailed as early as: |
|---|---|---|
| Jan. 29 | Feb. 19 | Feb. 26 |
| Feb. 6 | Feb. 26 | March 4 |
| Feb. 13 | March 4 | March 11 |
| Feb. 19 | March 11 | March 18 |
The IRS expects most EITC/Additional CTC related refunds to be available in taxpayer bank accounts or on debit cards by February 27, if they chose direct deposit and there are no other issues with the tax return. However, some taxpayers may see their refunds a few days earlier.
| If the IRS Accepts an E-Filed Return By: | Then Direct Deposit refund may be sent as early as 10 days after e-file received. (Paper check mailed sent apx. 1 week after that): |
|---|---|
| Jan. 29, 2024 | Feb. 9 (Feb. 16)** |
| Feb. 5 | Feb. 16 (Feb. 23)** |
| Feb. 12 | Feb. 23 (Mar. 1)** |
| Feb. 19 | Mar. 1 (Mar. 8)** |
| Filing method | E-file/Direct deposit | Paper file/Direct deposit |
|---|---|---|
| Refund time | 1-3 weeks | 3 weeks |
'Accepted' is an acknowledgment of receipt and initial screening, while 'approved' signifies that the IRS has verified the accuracy of your tax return. The IRS uses an electronic system to process tax returns filed electronically.
Tax season began on Jan. 29, 2024, when the IRS started accepting and processing 2023 tax returns. As of the week ending March 8, the agency has processed about 62 million returns and issued more than 43 million refunds. To date, the average refund issued in 2024 is $3,145.
How do I find the date of my IRS transcript?
You are able to see your cycle date via the free official IRS transcript, with this being an eight-digit number that follows the format of year-week of year-day of week. Therefore, it will look something like 20220602. The first four digits indicates the tax processing year, so this would be 2022.
Once the IRS code 846 appears on your tax transcript, your refund has been approved and you will be receiving the payment soon. If you request direct deposit refunds, the money should be processed within 2 to 3 weeks.
- Use Get Transcript Online to immediately view the AGI. Taxpayers must pass the Secure Access identity verification process. ...
- Use Get Transcript by Mail or call 800-908-9946.
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.
The IRS will send a batch file to their bank with a specific date assigned for transferring funds to each individual included in the file. The amounts will then be transferred to each individual's bank with instructions to transfer the funds on the specific date.
Even though the IRS issues most refunds in less than 21 days, it's possible your tax return may require additional review that may take longer to process.
The IRS says that tax returns can be delayed for the following reasons: It was sent by mail. It contains errors or is incomplete. It needs further review.
The maximum refundable child tax credit amount is currently capped at $1,600 per dependent. It would increase to $1,800 for the current filing season. In tax years 2024 and 2025, the refundable amount would grow to $1,900 and $2,000.
The IRS updates the tool once a day, usually overnight, so there's no need to check more often.
If a taxpayer receives the status update that their tax return was accepted but not approved, this means that the IRS has received their tax return, but they have not yet evaluated the information.
How accurate is TurboTax estimated refund?
100% Accurate Calculations Guarantee – Individual Returns: If you pay an IRS or state penalty or interest because of a TurboTax calculation error, we'll pay you the penalty and interest.
The fastest way to receive a refund is to e-file a correct return and request a direct deposit of the refunded amount. This is one area, Holland says, where you should triple-check your data entry. "A simple mistake in the routing or account number can delay a refund for weeks or even months," he adds.
Your income. Your tax withholding. Tax credits you claimed on your return. The withholding claimed on your Social Security benefits.
The deposits for direct deposit of refunds are done overnight on Thursday nights so they appear in the bank account on Friday, according to the IRS timetable. The deposits are made one time each week, not every day. It depends on the bank, but generally you can see the deposit in your bank account on Friday morning.
Once your return has been electronically submitted to the IRS, it can take *UP TO* 48 hours for the IRS to send back an acknowledgement of the return and mark it as accepted or rejected and state why it was rejected.
