Do it Yourself Online
When the IRS starts the new tax season one of the most common questions that taxpayers have is “Where’s My Refund? “Additionally, taxpayers are concerned about the tax refund calculation process, and how the timing works.
We are aware that you have worked hard for your income so we wanted to take the time to provide you with answers to your most common questions related to the issuance of tax refunds. Therefore, below you can find a breakdown of the tax return process through stage 3.
Stage 1: Check Status 24-48 hours after e-filing – After you file your taxes electronically with direct deposit you have the ability to check your returns status within 24-48 hours after you have pressed submit with the IRS Where’s My Refund Tool.
Stage 2: Return Received Notice – Within 24-48 hours after submitting, the Where’s My refund tool by the IRS will update to return received which means your tax return is being process. Keep in mind the refund date is not going to become available until your tax return has been processed and the IRS approves your tax refund.
Stage 3: Refund Approved Notice – Once your tax return has been processed by the IRS and your refund has been approved your status will update to Refund Approved. This status change may take a few days or longer, you will not see a date in the Where’s My Refund tool until your return has been processed, and the IRS has approved your tax refund.
Once your status has changed to Refund Approved you will see an actual refund date available in the Where’s My Refund tool. Keep in mind the IRS issues 9 out of 10 refunds in 21 days or less.
When your status changes to Refund Sent, you are close to receiving your tax refund. This status change is alerting you that your refund has been sent to your financial institution for direct deposit. However, depending on your financial institution it may take 1-5 days for them to deposit the funds in your account. Alternatively, if you wanted your refund mailed it may take up to several weeks for your check to arrive in the mail.
Other Questions and Answers Related to Tax Refunds
Is a date available immediately when I check my status at Where’s My Refund: You will not receive a date from Where’s My Refund until your tax return has been received, processed, and the IRS has approved your refund.
More than 21 days has passed since the IRS has received my return. What is going on: Some tax returns have a longer processing delay based on the tax situation. Some reasons tax refunds take longer to be processed is due to incomplete information, errors, or further IRS review needed.
Where else can I check the status of my refund: When you e-file with Turbo Tax you can use My
Turbo Tax to check your status. Turbo Tax even has a mobile app that is 100% free called, My Tax Refund, that allows you to check your status when you are mobile.
If you have not e-filed your taxes yet you can start today. You can usually e-file federal tax returns for free, estimate your refund, and have the largest refund ever in your pocket in 21 days. The Taxcaster can estimate your tax refund for you.
Many people are now able to access their W-2 forms online which makes the tax refund process even quicker.