RefundtalkIn a report issued by the Treasury Department on February 14, the average refund it is paying in 2019 has dropped to $1,949 from $2,135 in the prior year. In addition, the number of returns filed so far has dropped from 13.5 million last year to 11.4 million this year for the same period. With…
Category Archives: Tax Refunds
How Long Does It Take to Get a Tax Refund?
What Is the Usual Turnaround Time to Get a Tax Refund? The IRS sends the tax refund within 21 calendar days. Of course, the timeframe assumes your tax return is accurate and free of any red flags or errors. According to their website, the IRS processes the tax refund within the 21 calendar days timeframe approximately 9…
How Long Does it Take to Get Your Tax Refund Back?
When filing tax returns, the second question everyone asks is “How long does it take to get my tax refund back?” Of course, the first question everyone asks is “How much is my refund?” Tax Refund Direct Deposit versus Mail If you want to get your refund faster, opt for the direct deposit route. Not…
Direct deposit is fast and convenient, though mistakes can cost your refund
Individuals have the option to have some or all of their federal tax refund directly deposited to their bank account. With direct deposit, the IRS electronically transfers your tax refund to your bank account, which is often faster than receiving a check in the mail. The IRS typically issues refunds in 21 days or less.…
IRS Answers Common Early Tax Season Refund Questions
As millions of people begin filing their tax returns, the Internal Revenue Service reminded taxpayers about some basic tips to keep in mind about their refunds. During the early parts of the tax season, early filers are anxious to get details about their tax refunds. And in some social media, this can lead to misunderstandings…
Direct Deposit for Tax Refunds can go wrong
Direct deposit sounds like a no-brainer when it comes to getting a tax refund. Who would want to waste time and keep running to the mailbox to keep an eye out for a fat tax refund check? But it’s not foolproof. Ever think about what happens if you enter the wrong account number? Or if somehow that refund is deposited into…
When do I get my tax refund?
All sorts of factors can contribute to delaying when you receive your income tax refund. The official word from the Internal Revenue Service is that it takes up to 21 days after the IRS accepts your e-filed tax return to get your refund. If you mailed your tax return, the refund process for those paper returns can…
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