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Tag: Deadlines
Where is my refund? How to check IRS tax return status, deadlines
If you worked last year, you might have a tax refund check coming your way if you file. The Internal Revenue Service began accepting returns from taxpayers on Jan. 27.
According to IRS data, the bureau expects nearly 140 million Americans to file taxes. But when will that check or direct deposit arrive?
Here is what you need to know about tax deadlines, how to check your payment return status, and when to expect your return.
Where is my refund? How to check your tax return status
On the IRS.gov site, taxpayers who filed their returns can see their refund status on the “Where’s My Refund?” tool. To see the status, you must enter the following information:
- Your Social Security or individual taxpayer ID number (ITIN)
- Your filing status
- The exact refund amount on your return
Once the information is entered, you will see one of the following:
- Return Received – The IRS received your return and are processing it.
- Refund Approved – The IRS approved your refund and are preparing to issue it by the date shown.
- Refund Sent – The IRS sent the refund to your bank or you in the mail. It may take five days for it to show in your bank account or several weeks for your check to arrive in the mail.
How long will it take for my refund to be deposited?
The timeline for your refund depends on how you filed the tax return.
If you file electronically, your return is processed much faster than if you file a paper return and wait for a check. According to the IRS, most refunds are issued in less than three weeks.
The IRS advises taxpayers not to depend on receiving a refund by a specific date, particularly when making significant purchases or paying bills. Some returns may need further review, which could take more time.
Why is my refund delayed?
There is a bevy of reasons why a tax return gets delayed. Here are the most common reasons, as per the IRS:
- The return has errors, is incomplete, or is affected by identity theft or fraud.
- The return needs a correction to the child tax credit or recovery rebate credit amount.
- The return has a claim filed for an earned income tax credit or additional child tax credit or includes a Form 8379, Injured Spouse Allocation PDF.
- The time it takes a taxpayer’s bank or credit union to post the refund to the taxpayer’s account.
When is the last day to file taxes?
Federal income tax returns for 2024 must be filed by April 15, 2025. Americans residing overseas have an extended deadline of June 16, 2025, to file.
The IRS clarifies that the timestamp in your time zone when submitting your electronic return determines its timeliness. For those submitting paper returns, the IRS will consider them on time if they are correctly addressed, have sufficient postage, and are mailed and postmarked by the due date. For electronic filers, the deadline is 11:59 p.m. local time.
If you’re eagerly awaiting your tax refund from the IRS, you may be wondering, “Where is my refund?” Fortunately, there are easy ways to check the status of your tax return and find out when you can expect your money.One of the simplest ways to check your refund status is to use the IRS’s “Where’s My Refund?” tool on their website. All you need to do is enter your Social Security number, filing status, and the exact amount of your refund. The tool will then provide you with the current status of your refund, including whether it has been processed, approved, or sent out for payment.
Another option is to call the IRS refund hotline at 1-800-829-1954. Make sure to have your Social Security number, filing status, and the exact amount of your refund on hand when you call.
It’s important to remember that the IRS typically issues refunds within 21 days of receiving your tax return. However, if you filed electronically, you can expect to receive your refund much sooner than if you filed by mail.
If you’re still waiting for your refund and the IRS refund tool or hotline doesn’t provide any information, it may be worth reaching out to a tax professional for assistance.
Don’t forget that the deadline for filing your taxes is April 15th, so be sure to submit your return on time to avoid any penalties or interest charges. And if you’re due a refund, make sure to check the status regularly so you can plan accordingly for when your money will be coming in.
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