When to expect your refund. To process your refund, it usually takes: Up to 21 days for an e-filed return. 4 weeks or more for amended returns and returns sent by mail.
Tracking the status of a tax refund is easy with the Where's My Refund? tool. It's available anytime on IRS.gov or through the IRS2Go App. Taxpayers can start checking their refund status within 24 hours after an e-filed return is received.
If you e-filed your return and chose direct deposit to receive your refund, you'll usually receive your refund in 8-15 days. However, you should allow an extra 1-5 business days for your bank to process the funds. If you chose the Refund Transfer option, the refund will come from the Axos Bank®, not the IRS.
E-file – If you electronically file your return could be processed in as little as eight business days but wait at least three weeks before you call. You can follow up on your refund on the Internet by accessing My Account, or by telephone by calling the CRA at 1-800-959-8281.
24 hours after you e-file a current-year return. 3 or 4 days after you e-file a prior-year return. 4 weeks after you file a paper return.
If you file a complete and accurate paper tax return, your refund should be issued in about six to eight weeks from the date IRS receives your return. If you file your return electronically, your refund should be issued in less than three weeks, even faster when you choose direct deposit.
Day of the week for IRS refund deposits
The IRS typically processes tax refunds and executes direct deposit transactions within 21 days after accepting your tax return. It's common for the IRS to issue them on business days, from Monday through Friday.
A direct deposit usually takes one to three days to go through. If you get a direct deposit on a day when the bank is open, the money has to be available to you by the following business day. You might wait an extra day or two if the deposit comes in right before a federal holiday or over the weekend.
If you'd rather get your refund cash now, you can turn to a tax refund loan (also known as a refund advance loan). This is a short-term loan you can take against a portion of your estimated tax refund, and it's typically offered by your tax preparation service right after you file.
IRS is sending out automatic stimulus payments | What to know about who is getting them. By the end of January, approximately 1 million taxpayers will receive special payments of up to $1,400 from the IRS. No action is needed to receive the money for those who qualify.
The IRS can delay your tax refund until it completes any audits. This is most common when the IRS is conducting a mail audit on your EITC or ACTC return from a prior year.
The IRS expects most EITC/ACTC related refunds to be available in taxpayer bank accounts or on debit cards by February 27 if they chose direct deposit and there are no other issues with their tax return.
Taxpayers can check the status of their refund easily and conveniently with the IRS Where's My Refund tool at IRS.gov/refunds. Refund status is available within 24 hours after the taxpayer e-filed their current year return.
Simply log onto your bank account profile and look at your checking account or savings account history. Depending on when payment was sent, your money could come up as pending direct deposit in either one of these accounts. Go into your bank account history to check the status of your money.
The Direct Deposit Timeline
The exact timeline for direct deposit can vary depending on several factors, including your employer's payroll processing practices, the financial institutions involved, and even the day of the week. Typically, the processing time can range from one to three business days.
Does direct deposit go through on weekends? The ACH network does not settle payments on weekends (or holidays) when the Federal Reserve system is closed. If your payday falls on a Saturday or Sunday, it won't post until Monday.
On average, filers receive their refunds two weeks after their taxes were accepted by the IRS for direct deposits and three weeks after e-filing for a paper check in the mail.
The IRS uses direct deposit to electronically issue tax refund payments directly into taxpayers' financial accounts. In most cases, you will receive your tax refund in less than 21 days after you file your federal tax return.
The U.S. Treasury Department (which issues refunds for the IRS) issues both checks and direct deposits Monday - Friday so there is no way to know by day of the week which yours is.
The IRS generally issues refunds within 21 days of when you electronically filed your tax return, and longer for paper returns.
Most refunds will be issued in less than 21 days. You can start checking the status of your refund within 24 hours after you have e-filed your return. Refund information is updated on the IRS website once a day, overnight. Remember, the fastest way to get your refund is to e-file and choose direct deposit.