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Yahoo
15-04-2025
- Business
- Yahoo
Where's my refund? Is my deposit delayed? Here's how to check IRS refund status
Today is the final day to file your taxes. But if you've already crossed that off your to-do list, then you could be waiting for a refund. According to IRS data, the bureau expects nearly 140 million Americans to file taxes. But when will that check or direct deposit arrive? Will there be delays? Here is what you need to know about tax deadlines, how to check your payment return status, and when to expect your return. The process of seeing your tax refund status is simple. On the 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. 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 , 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. 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. 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. This article originally appeared on Austin American-Statesman: Where is my tax refund? Here's how to check IRS refund status
Yahoo
24-02-2025
- Business
- Yahoo
Where's my refund? Potential IRS layoffs may delay tax return process. How to check status
If you're looking to save some extra money or maybe pay off some debt, a tax refund could help. 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? Will there be delays? Here is what you need to know about tax deadlines, how to check your payment return status, and when to expect your return. On the 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. According to USA TODAY, in the next week, up to 15,000 recently hired IRS employees, primarily in lower-level positions such as taxpayer response, phone centers, and junior audit roles, could face layoffs. These employees are on probationary status and lack civil service employment protections. With approximately 90,000 full-time employees, the IRS stands to lose about 17 percent of its workforce with these projected layoffs. It's not clear how the layoffs would impact the processing time for tax returns this season yet. 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 , 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. 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. 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. This article originally appeared on Austin American-Statesman: Where's my refund? Could IRS layoffs cause delays? How to check status
Yahoo
12-02-2025
- Business
- Yahoo
Where is my refund? How to check IRS tax return status, wait time for direct deposit
If you're looking to save some extra money or maybe pay off some debt, a tax refund could help. 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. On the 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. 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 , 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. 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. 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. This article originally appeared on Austin American-Statesman: Where's my refund? How to check your IRS tax return status, wait time
