When will I receive my income tax refund?

 

When will I receive my income tax refund?

Spring is a time when many people are thinking about their finances and planning for the upcoming year. One question that often comes up is when will they receive their income tax refund? In this article, we'll take a look at how to determine whether or not you're eligible for a tax refund, as well as the different ways you can receive it.

How to file your taxes

Taxes can be a hassle, but they’re also an important part of our society. When you file your taxes, you’re contributing to the common good. Here are some tips to help make that process as simple and straightforward as possible.

When will I receive my income tax refund?

Most taxpayers receive their refunds within a few weeks of filing their taxes. If you have items that you’d like to include with your return, like charitable donations or mortgage interest, you should file early in order to get your refund processed as quickly as possible.

If you have a large refund, it may take several weeks for the IRS to process the refund. In some cases, the IRS may need additional information from you or from your bank or credit card company. If this happens, don’t worry – you can always contact the IRS directly if there are any problems with your return.

What to include in your tax return

When you file your income tax return, you will likely be asked to list the refund amount that you expect to receive. This is usually done on line 61 of your tax return. You should include this amount in your estimated tax payments for the year, and also include it in your bank or credit union account as a withdrawal signal.

When to expect your refund

The IRS has a number of different ways to calculate when you will receive your income tax refund, but the most common way is to use the Refund Estimator on their website. This estimator uses information like your filing status and tax return amount to predict when you will receive your refund.

If you filed electronically, you can usually expect your refund within about 21 days after the IRS processes your return. If you filed a paper return, it may take up to 45 days for the IRS to process it and send out your refund. Keep in mind that the estimated date is only a prediction, and sometimes delays can occur because of technical issues with the IRS' processing systems or other reasons.

If you need more information or want to check on the status of your return, you can call the IRS Taxpayer Assistance Line at 1-800-829-1040. The line is open from 7:00 am until midnight EST every day except for Christmas Day and New Year's Day.

How to get a refund if you’re owed one

If you’re owed a tax refund, there are a few things you need to do to get your money. Here’s a rundown of the steps:

Step One: Check Your Tax Return Status
If your return is complete and you filed by April 18, 2019, you can access your refund status online using IRS My Account. If you filed electronically, your refund should be posted to your account within about two weeks. If you filed by paper, check the status of your return by calling 1-800-829-1040.

If you’ve missed the filing deadline or if something went wrong with your return, you may need to contact the IRS office where you filed. You can find the office that handled your return on IRS.gov or by calling 800-908-9996.

Step Two: Request a Refund Transfer from Your Bank or Credit Union
You can also request a refund transfer from your bank or credit union. To do this, visit www.RefundTransfers.org and enter your bank or credit union name and account number. You will then be able to view your current balance and all of the

Use TaxACT to prepare and e-file your taxes

When will I receive my income tax refund?

Use TaxACT to prepare and e-file your taxes. You can get your refund in as little as 21 days, depending on your filing status.

Get tips for reducing your tax bill

Tax season is here, and that means it’s time to start strategizing about ways to reduce your tax bill. Here are some tips to get you started:

1. Review your deductions: Did you take advantage of any deductions this year? If so, be sure to list them on your tax return so you can claim them! There are a lot of small deductions that can add up, so be sure to check the list regularly to see if there’s anything you may have missed.

2. Claim student loan interest deduction: If you’re in college or have recently completed college, you may be eligible for a student loan interest deduction. You can deduct up to $2,500 worth of student loan interest paid in 2017.

3. File your taxes electronically: Many people choose to file their taxes electronically these days, and there are many benefits to doing so. Not only is filing online faster and more convenient, but it can also save you a lot of time and money in the long run. For example, many people who use electronic filing services can have their taxes done in just a few hours – rather than weeks or even months like with paper filing.

Get help filing online

When you file your federal income tax return, you’ll receive a refund either in the mail or direct deposited into your bank account. Here’s when to expect your refund depending on when you filed:

If you filed by April 17, 2017, you should expect your refund in about eight weeks.

If you filed by October 15, 2017, you should expect your refund in about sixteen weeks.

If you filed by April 18, 2018, you should expect your refund in about ten weeks.

And if you filed by October 16, 2018, you should expect your refund in about twenty-eight weeks.

Use the IRS apps

When you file your return, you can find information about your refund using the IRS apps on your phone or computer. If you’re using a computer, the IRS app can help you:

-Check the status of your return.
-View a history of your tax payments.
-Get estimated tax payments based on your income and filing status.
-Get information about tax credits and deductions available to you.
-GetForms and publications you may need.
If you’re using a phone, the IRS app can help you:
-Check the status of your return.
-View a history of your tax payments.
-Get estimated tax payments based on your income and filing status.
- Get information about refunds being processed right now.
-GetForms and publications you may need.

Get refunds by direct deposit

If you had a W-2 from your employer and your earned income was below the poverty line, you may qualify for a refund through direct deposit. You can find more information on IRS.gov or by calling 1-800-829-1833.

Use popular tax-preparation software

If you itemize deductions on your federal income tax return, you may be eligible for a refund. The IRS issues refunds in two ways: through direct deposit to your bank account or through the mail.

The IRS issues refunds in two ways: through direct deposit to your bank account or through the mail.

You can get a refund either by submitting a paper tax return or through popular tax-preparation software such as TurboTax or H&R Block. To maximize your refund, use software to prepare and file your return electronically. You can even get refunds even if you don’t have any taxable income, provided you qualify for certain credits and deductions.

To check if you are eligible for a refund and download free software, visit the IRS website at www.irs.gov/refunds/.

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