Tax QuestionsCategory: Tax Refund StatusWhat is happening when Where’s My Refund? shows the status of my refund is: Refund Approved?
Thomas asked 6 years ago

What is happening when Where’s My Refund? shows the status of my refund is: Refund Approved?

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1 Answers
Veronika Greenwell answered 6 years ago

This means the IRS has processed your return and your refund has been approved. The IRS is now preparing to send your refund to your bank or directly to you in the mail if you requested a paper check. This status will tell you when your refund is scheduled to be sent to your bank and, if you elected the direct deposit option, a date by which it should be credited to your account. Please wait until it’s been five days from the date the IRS sent the refund to your bank to check with your bank about the status of your refund. This time frame is provided to allow for the variations in how and when banks deposit funds.

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