Intuit will also continue to offer the option to deposit a federal refund into a Credit Karma MoneyTM account,4 delivered up to 5 days early, for no additional cost.
Usually, you'll receive your direct deposit by 9 a.m. on your payday — and sometimes even earlier. But banks may wait up to a business day to release your funds. Editorial Note: Intuit Credit Karma receives compensation from third-party advertisers, but that doesn't affect our editors' opinions.
If the IRS accepts your return that day (usually late January), you can receive your refund as early as mid-February.
For example, refunds generally take up to two weeks to process in California if you e-file, while it generally takes up to 12 weeks if you've filed a paper return in Kentucky.
Up to 5 days early
Get access to your refund up to five days early 2 when you deposit it into your Credit Karma Money TM Spend account.
When can I get a Tax Refund Advance loan? The Early Tax Refund Advance was available at select locations from December 16, 2024 until January 12, 2025. No Fee Tax Refund Advance will be available starting January 2, 2025 at most locations until February 16, 2025.
The IRS expects more than 140 million individual tax returns for tax year 2024 to be filed ahead of the April 15 deadline, the agency said. The IRS expects to issue most refunds via direct deposit in less than 21 days, according to the agency, but some returns may require additional review that takes longer to process.
Most taxpayers receive their refunds within 21 days of filing. The IRS says it issues 90% of refunds in that timeframe. If you choose to have your refund deposited directly into your account (eight out of 10 tax filers opt for direct deposit), you may have to wait five days before you can gain access to it.
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.
Get access to your paycheck up to 2 days early, and federal government benefits up to 5 days early when you set up direct deposit.
Credit card companies tend to report credit activity close to the end or beginning of a billing cycle. Each lender has its own timeline, so your credit report may change frequently or not at all based on the information that is updated. Credit Karma updates your credit score every seven days.
TURBOTAX ONLINE GUARANTEES. 100% Accurate Calculations Guarantee: If you pay an IRS or state penalty or interest because of a TurboTax calculation error, we'll pay you the penalty and interest.
Refund Advance loans may be issued by First Century Bank, N.A. or WebBank.
In most cases, the money from a check you've deposited will appear in your bank or credit union account in just one or two business days. But in certain situations, it could take up to six more days.
Typically it takes 21 days to receive your refund after the IRS accepts your return. In the meantime, you can check your e-file status online with TurboTax.
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.
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.
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.
More In Refunds
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.
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.
When you file electronically, it'll typically take 24 to 48 hours for the IRS to accept your return — and most filers receive their Refund Advance within 15 minutes of IRS acceptance. You'll be notified when your funds are available and can use Credit Karma's mobile app to access your funds right away.
It can come earlier than the date the IRS provided you because when a company is sending money to your banking institute via direct deposit... in order for it to be available on the date it is posted for... they have to send the electronic transmission at least 24 hours in advance but most send it 48 hours in advance.
Even though the IRS issues most refunds in less than 21 days, it's possible your tax return may require additional review that may take longer to process.