Tax Time Guide: IRS Provides Easy Access To Tax Refund Status With Where’s My Refund? 

 Taxpayers are reminded by the Internal Revenue Service that the Where’s My Refund? The easiest way to find out the status of your tax refund for 2020, 2021, and 2022 is to use the IRS.gov tool.

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Source: yahoo Finance

The smartphone app IRS2 Go provides consumers with an additional method of monitoring their refund status. After the IRS certifies receipt of an electronically filed return by a taxpayer, information for the most recent tax year filed is typically available 24 hours later.

Taxpayers should wait four weeks before monitoring the progress if they filed a paper return.

Where’s My Refund To Use?

taxpayers need to provide their Individual Taxpayer Identification Number (ITIN), Social Security number, filing status, and the precise amount of the anticipated refund from the original tax return for the year they are examining.

There’s no need to check more frequently because the IRS refreshes the tool once a day, generally overnight. As a result, people won’t need to call the IRS to get updates unless the tool specifically asks them to.

My Refund: Where Is It? shows development in three stages:

I have received a return

Acceptance of Refund

Sent a refund

Personalised refund information will be sent to taxpayers according to the status of their tax return. As soon as the IRS processes the form and authorises the refund, the tool will disclose the actual date of the refund.

Using direct transfer and filing electronically is the quickest route to a refund. If a taxpayer does not currently have a bank account, they can use the National Credit Union Locator Tool or an FDIC-insured bank to learn how to get one.

What To Expect?

Certain refunds may take longer, but for taxpayers who file electronically and select direct deposit, the majority of refunds are processed within 21 days. The timing of a refund can depend on a variety of reasons, including whether the return was incomplete, contains errors, or was impacted by fraud or identity theft.

Additional reasons for the delays:

1. Further review may be necessary for the return.

2. The Earned Income Tax Credit or Additional Child Tax Credit on the return needs to be corrected.

3. Since many banks do not process payments on weekends or holidays, the time between the IRS issuing the refund and the bank posting it to an account may vary.

4. If further information is required to process a return, the IRS will get in touch with filers via letter.

IRS agents who answer the phone or walk-in can only find out about the status of a refund if:

1. At least 21 days have elapsed since the electronic filing.

2. It’s been at least six weeks since a return was mailed.

Where’s My Refund?

If a taxpayer receives a refund that isn’t what was anticipated, the IRS may have made adjustments to the return. The Earned Income Tax Credit and Child Tax Credit amounts may be adjusted, or all or part of the refund amount may be deducted to settle past-due bills or taxes. You may find learn more regarding lowered refunds on IRS.gov.

Filing A Tax Return

The first place taxpayers should go for information on filing is IRS.gov. Information is available regarding:

IRS Online Account, IRS Free File, Tax questions answered, along with advice on filing a return.

Reminder: Tuesday, April 18 is the deadline for most taxpayers to file their tax returns, pay any taxes owed, or request an extension of time to file.

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