IRS Refund Deposit is to be received by taxpayers in no more than 21 days after e-filing, the Internal Revenue Service has started the tax season from January 23, 2023 and is going to be last till April 18, 2023. Lakhs of individuals had filed for tax refund as soon as the e-file window was activated, now they all are eagerly waiting for their returns, by staying till the end of this article, you can get complete information in this regard.
IRS Refund Deposit
According to the Internal Revenue Service, 9 out of 10 tax returns that are filed electronically now are released within 21 days, if you’re one of the millions of Individuals who filed for a 2022 tax refund then you will also receive your tax return within 21 days, if you have not e-filed with Earned Income Tax Credit and Child Tax Credit.
Refunds that are e-filed usually take up to 7 working days to be accepted and then within 14 days to direct deposit are released, that is, if a person e-files a refund on 22 February 2023, then his refund is likely to be accepted by 28 February 2023 and then he can get his/her direct deposit on 14 March 2023 or even earlier.
The IRS has not released any schedule this year for receiving IRS REFUND DEPOSIT, just through its website it has been informed to individuals that if an individual e-files a refund will get it quickly, If it’s been more than 21 days since you filed your refund electronically and you haven’t received your refund by direct deposit, you can check the e-filing status by visiting at irs.gov/.
IRS Tax Return Deposit
You must know that only those direct deposits are received within 3 weeks whose tax refunds are filed electronically, individuals who file check returns on paper will have to wait about 6 months to receive their refund, whether they have chosen direct deposit or check to receive their refund.
The IRS has not launched any tool to track the find any date to receive the direct deposit of tax refund, but an individual can estimate the date by checking the e-filing status. To check the status of tax refund, it is mandatory for the individual to have his/her Social Security Number. If you have this and other necessary credentials, then you can check the status of your 2022 tax refund very easily.
IRS Tax Refund Status
After filing the tax return electronically, you must wait a minimum of 24 hours after to check your refund status with the help of a social security number and other required credentials, if you get to know that ‘your return is accepted’ by checking your refund status, it means that your direct deposit will be released within a maximum of 2 weeks or earlier.
If you are one of the those individuals, who filed tax refund on paper, you will have to wait for 4 weeks to check your refund status, once the time period is over, you can visit the Internal Revenue Service’s Where’s My Refund portal or use IRS2Go mobile application to check the status of tax return.
If till now you have not filed for 2022 tax refund electronically or on paper then you must know that the last date to do so is 18th April 2023, we would recommend you to e-file for refund ASAP so that you get your refund amount quickly.
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