If you’re looking forward to receiving your tax return, you’re not alone. Millions of Americans eagerly await the money they’re due from the Internal Revenue Service (IRS). But just how long will it take to receive your refund? Read on to find out.
Refunds Ahoy!
Getting a refund from the IRS is a great feeling. You’ve earned it, and it’s yours to use however you like. But just how long will you have to wait to get your hard-earned money? Generally, the IRS processes refund requests within three weeks of submitting your tax return. However, your refund could be delayed if there are any issues related to your return.
If you opt to receive your refund via direct deposit into your bank account, expect to receive your refund within two weeks. If you opt for a paper check, expect to wait three to four weeks from when your return was accepted. During the busiest times of the year, this could be even longer.
What to Expect From the IRS
The IRS tracks the progress of your refund via a system called “Where’s My Refund?” You can use the system to track your refund once the IRS has received and accepted your return. If your return requires any additional information, the IRS will contact you to let you know. The Where’s My Refund? system should update as IRS processes your refund, and you can expect to receive your refund within the timeframes mentioned above.
If you’re impatiently waiting for your money, you can use the Where’s My Refund? system to check on the status of your refund. You’ll need to provide your Social Security number, filing status, and the exact amount of your refund in order to access the information.
As you can see, the IRS is quite efficient at processing refunds. Sure, you may have to wait a few weeks, but you should receive your money within a few weeks of submitting your tax return. To make sure you don’t have to wait extra time, double-check your return for any errors or omissions before you submit it.