Welcome to tax time! It’s that time of year again, when the IRS begins to accept tax returns. If you’re wondering how long it will take the IRS to accept your returns, read on to find out!
Tax Time: Ready, Set, File!
It’s tax time! For many of us, that means racing to gather paperwork, crunching numbers, and pouring over forms. It can be a stressful time but there’s no need to worry – the IRS is here to help.
The IRS launched its online filing system in 2020, making it easier than ever to file your taxes. You can submit your return in a matter of minutes and you don’t even need to leave the house. But how long does it take the IRS to process and accept your return?
IRS Accepts Returns: Let the Counting Begin!
The IRS usually begins to accept returns in mid-January. This year, the IRS accepted returns on February 12th. When you submit your return, the IRS will typically begin processing it within 48 hours. For paper returns, you can expect the IRS to process them within 10 to 21 days.
Once your return is accepted, the IRS will issue a confirmation number that you can use to track your return. You should receive your tax refund within 21 days of submitting your return. So don’t worry – the IRS has you covered!
Tax time can be stressful, but with the help of the IRS you can file your return quickly and easily. All you have to do is make sure you have the correct paperwork and submit your return. Then you can sit back and wait for your tax refund to arrive!