The speed at which you receive your tax refund depends on several factors, including when and how you file, how you choose to receive your refund, and whether you claim certain credits or deductions.

If you file electronically, most refunds are issued within 21 days of submission, according to the IRS. This timeline starts once the IRS begins processing returns for the year.

However, if you claim the Earned Income Tax Credit (EITC) or the refundable Child Tax Credit, your refund will be delayed and will not be issued before February 15th due to additional fraud prevention measures.

If you choose direct deposit, your tax refund will be sent to your bank on the same day the IRS processes it. Typically, it will take your bank 3-5 days to process the deposit, depending on their procedures.

If you file electronically, most refunds are issued within 21 days of submission, according to the IRS. This timeline starts once the IRS begins processing returns for the year.

However, if you claim the Earned Income Tax Credit (EITC) or the refundable Child Tax Credit, your refund will be delayed and will not be issued before February 15th due to additional fraud prevention measures.

A “pending” return status means the IRS has not yet accepted or rejected your return. Once your return is fully reviewed, it will be assigned a new status. If you need help understanding your return status, reach out to a qualified Tax Pro for assistance.

“Accepted” means your tax return has passed an initial verification, which checks basic information such as Social Security details for the taxpayer and dependents, among other factors. However, this does not mean your refund is approved. You should continue to monitor the status of your return for further updates, as the IRS will begin processing it shortly after acceptance.

The IRS will process your return, and once it’s completed, your refund will be issued. If you owe taxes and have submitted IRS Form 9465 (Installment Agreement), the IRS will typically send you a letter notifying you of the acceptance or rejection of the agreement.

There are several reasons why a tax return may remain in pending status. For example, some states process returns at different times, which can impact your state e-file status. If you have further questions about the status of your return, it’s best to contact a Tax Pro for assistance.

If the IRS requires more information to process your tax return before issuing your refund, they will send you a letter. If you have any questions about a letter you receive from the IRS, it’s best to reach out to a Tax Pro for guidance. For example, some states process returns at different times, which can impact your state e-file status. If you have further questions about the status of your return, it’s best to contact a Tax Pro for assistance.

CT Tax & Accounting Professional Services is dedicated to helping you maximize your refund every time you file with us. Our expert Tax Pros will carefully review your return to identify any missed deductions or credits, ensuring you receive the largest refund possible.

The timing depends on whether your return was e-filed or mailed. If you e-filed, the IRS typically updates the status within 3-5 business days after processing your return. If you mailed your return, it may take 3 weeks or longer for updates. You can track the status of your return on the IRS.gov website.

You can research the status of your amended return on the IRS website: Where’s My Amended Return?‘

According to the IRS, most refunds are issued within 21 days of filing. However, your refund may arrive at a different time depending on how you chose to receive it or if the IRS encounters any issues, such as reconciling stimulus payments or the advanced Child Tax Credit from 2021. For more details, check your refund status on IRS.gov or consult a Tax Pro for assistance.

There are several reasons why your refund may be more or less than expected. You may have outstanding back taxes with the IRS or a state, delinquent federal loans, unpaid child support, or other tax liens that can affect your refund. To learn more about what could impact your refund, consult with a Tax Pro who can review your return and provide personalized guidance.