Tax season can be stressful, and once you have filed your taxes, you might be wondering when your return will come in. As opposed to reaching out to the Internal Revenue Service, try the faster route, of using their “Where My Refund” tool. Taxpayers can download the IRS2Go app to get this information, or it can simply be accessed on IRS.gov.
How Long Does a Tax Refund Take?
While most refunds are issued within 21 days or less, this is not the case for all refunds. In order to receive a refund in a timely manner, the best option is to use IRS e-file and direct deposit. As for those who claim the Earned Income Tax Credit or the Additional ChildTax Credit, refunds will not be issued until after February 27, as this is required by law. It is fastest to file electronically, as the tax return can be received within 24 hours. On the other hand, paper returns take about four weeks to be received by the IRS.
The most popular time for the IRS to receive phone calls is around the same time as Presidents’ Day. Thus, taxpayers may be placed on hold for long periods of time. This is not ideal, especially when questions can typically by answered by using the “Where’s My Refund?” feature. When using this tool, the only thing needed is the taxpayer’s Social Security number, tax filing status, and the exact amount of the tax refund claimed on the return. However, when a refund has taken longer than 21 days, it may be beneficial to call the IRS to get answers.
How “Where’s My Refund?” Works
The tax return is processed by the IRS, where taxpayers can then access “Where’s My Refund?” This tells them the day the refund is approved, and when they can likely receive the refund. The website is updated every 24 hours, therefore it is not necessary to check numerous times in one day.
The IRS typically to issues more than nine out of 10 tax refunds in less than 21 days, however, there are cases where a tax return requires additional review. Thus, the refund could take more than 21 days. A majority of taxpayers will receive their refund, but additionally taxes may be owed if they did not withhold enough during 2018.
If you are wondering when your refund is going to be issued, save yourself the time by waiting to talk to the IRS. Simply go to irs.gov, and find your answer there. This way you don’t have to worry about being put on hold due to a large number of callers coming in at once.