WASHINGTON (AP) – The Internal Revenue Service reminds people today that using the Where’s My Refund? function on IRS.gov or the IRS2Go mobile app is the quickest and easiest way to check on tax returns.
Those who do not ordinarily have to file a tax return may want to do so this year more than ever before to take advantage of child-related tax credits provided by the American Rescue Plan. The Child Tax Credit and the Child and Dependent Care Credit are two examples.
Updates on refunds
Filing a tax return electronically and using direct deposit is the safest and quickest way to get a tax refund. Where’s My Refund? can be used by taxpayers. should begin checking their refund status within 24 hours of receiving an e-filed return or four weeks after mailing a paper return
The tracker in the tool displays progress across three stages:
- Received a return,
- Refund has been approved, and
- Refund has been issued.
Timing of refunds
- The majority of tax refunds are issued within 21 days, although some may take longer. This can happen for a variety of reasons, including:
- A claim for the Earned Income Tax Credit or Additional Child Tax Credit is included in the return.
- Because many banks do not process payments on weekends or holidays, the time between the IRS sending the refund and the bank posting it to an account may vary.
- The reply may necessitate more scrutiny.
- The return could contain mistakes or be incomplete.
- Identity theft or fraud could have an impact on the return.
If the IRS need further information to process a return, it will contact taxpayers via letter.
The Earned Income Tax Credit (EITC) and the Additional Child Tax Credit (ACTC)
The IRS is unable to provide Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC) refunds before mid-February due to changes to tax legislation enacted by the Protecting Americans from Tax Hikes Act (PATH Act). This applies to the full refund, not just the portion linked to the credit claimed on a tax return.
What happened to my refund? and IRS2Go have been updated to provide an estimated deposit date of February 19 for most early EITC/ACTC payers if they file their taxes early.
If a filer claimed the EITC or the ACTC, they can expect to get their refund on March 1 if the following conditions are met:
- They submit their tax return online.
- They elect to receive their refund by direct deposit.
- There were no problems with their return.
- Avoid refund misconceptions.
Some taxpayers wrongly believe that getting a tax transcript, calling the IRS, or calling their tax preparer will expedite their return. Ordering a tax transcript will not assist a taxpayer collect their refund sooner or find out when their return will arrive. The information available on Where’s My Refund? is the same as that available to IRS phone representatives.
IRS.gov provides taxpayers with answers to frequently asked inquiries, forms and instructions, and simple-to-use tools. This press release is part of a series called the Tax Time Guide, which is a resource for taxpayers to help them submit an accurate tax return. Publication 17, Your Federal Income Tax, contains further information (For Individuals).