Taxpayers can expect to receive their refunds two weeks after the IRS has accepted their taxes for direct deposits and three weeks after electronically filing a paper check in the mail. It is recommended to make an estimated tax payment before the tax deadline if you think you will owe federal taxes. If you file your taxes electronically, the IRS will generally process direct deposit refunds within 7 to 10 days of receiving your tax return and will process paper checks in approximately two weeks. Filing a paper tax return can delay your refund by up to several weeks.
You can file your tax return by mail, through a website or electronic filing software, or through the services of a tax preparer. If you filed your taxes with e-File, you should receive confirmation that your federal tax return was accepted by the IRS. The following table of tax refunds is based on previous refund tables published by the IRS to help taxpayers know when they should receive their tax refunds. This postponement applies to all taxpayers, including individuals, trusts and estates, corporations and other non-corporate tax filers, as well as those who pay self-employment taxes.
If you file your taxes by mail, you can track your tax return and get a confirmation when the IRS receives it. They also remind filers that many tax software programs allow them to file their taxes before the start of the tax season. If you want to get your tax return faster, check out Go2bank, which allows faster deposits of money by the government, whether they are tax refunds or future stimulus checks. The refund schedule must be the same if you requested a tax extension; however, there is no official tax refund schedule for amended tax returns.
You should be able to check the status of the IRS tax refund approximately 24 hours after receiving confirmation from the IRS that you have received your tax refund through electronic filing. Federal law requires the IRS to withhold tax refunds from taxpayers who apply for earned income tax credits and additional child tax credit until at least February. Last year was another unusual year for taxes, as the IRS automatically extended the deadline for filing taxes and the federal income tax date payments were overdue. If you go through the tax filing process and declare that you owe money to the government, there are options for obtaining tax relief.