Typically, the IRS issues tax refunds via direct deposit within 21 days of processing your tax return. Although the specific deposit day of your refund may differ, refunds are usually distributed on weekdays, from Monday to Friday.
Providing precise and comprehensive information on your tax return from IRS, such as your bank’s routing number and account number, is essential if you opt to have your refund deposited directly into your bank account. This will aid in the accurate and prompt deposit of your refund.
What can I do to expedite my tax refund?
It’s important to bear in mind that certain banks may process direct deposits during weekends, while others may restrict them to weekdays only. Consequently, if the IRS sends your refund on a Friday, your bank may not make the funds accessible until the next Monday.
There are several steps you can take if you want to receive your tax refund sooner:
Electronic filing of your tax return can accelerate the processing time by eliminating the necessity for manual processing and minimizing errors. Therefore, e-filing your tax return can be advantageous.
By opting for direct deposit of your refund into your bank account, you can typically receive your refund faster than by mail. However, it’s crucial to provide precise and comprehensive information on your tax return, such as your bank’s routing number and account number. This will facilitate the prompt and correct deposit of your refund.
Filing your tax return early may increase the probability of receiving your refund sooner. Additionally, filing early can help minimize the likelihood of identity theft, as it reduces the timeframe for scammers to file a fraudulent return using your personal information.
To avoid delays in the processing of your tax refund, it’s important to avoid errors on your tax return. Take the time to double-check all the information you provide, including your Social Security number and bank account details.
To get an idea of when you can expect to receive your tax refund, you can check its status using the “Where’s My Refund?” tool on the IRS website or by calling the IRS refund hotline. This way, you can stay informed about the status of your refund and any issues that may arise.
