shows my refund's status as approved? The IRS has approved your refund. The IRS is preparing to send your refund to your bank or directly to you in the mail. This status will tell you when the IRS will send the refund to your bank (if you selected the direct deposit option).
The IRS issues more than 9 out of 10 refunds in less than 21 days. However, it's possible your tax return may require additional review and take longer.
They will provide an actual refund date as soon as the IRS processes your tax return and approves your refund. 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.
This means the IRS has processed your return and has approved your refund. The IRS is now preparing to send your refund to your bank or directly to you in the mail if you requested a paper check.
Due to these factors, it's difficult to predict the exact time of day when the IRS will deposit the refund. In most cases, taxpayers receive their direct deposit refunds early in the morning on the expected deposit date.
The deposits for direct deposit of refunds are done overnight on Thursday nights so they appear in the bank account on Friday, according to the IRS timetable. The deposits are made one time each week, not every day. It depends on the bank, but generally you can see the deposit in your bank account on Friday morning.
An incomplete return, an inaccurate return, an amended return, tax fraud, claiming tax credits, owing certain debts for which the government can take part or all of your refund, and sending your refund to the wrong bank due to an incorrect routing number are all reasons that a tax refund can be delayed.
'Accepted' is an acknowledgment of receipt and initial screening, while 'approved' signifies that the IRS has verified the accuracy of your tax return. The IRS uses an electronic system to process tax returns filed electronically.
The best way to check the status your refund is through Where's My Refund? on IRS.gov. All you need is internet access and this information: Your Social Security numbers. Your filing status.
If the IRS is reviewing your return, it may have questions about your wages and withholding, or credits or expenses shown on your tax return. The review process could take anywhere from 45 to 180 days, depending on the number and types of issues the IRS is reviewing.
Pending means that your e-filed return is on its way and that the government hasn't accepted or rejected it yet. If you e-filed your return before the IRS starts processing returns this year, it'll stay in pending status until then.
IRS Refund Schedule for Direct Deposits and Check Refunds
They now issue refunds every business day, Monday through Friday (except holidays). Due to changes in the IRS auditing system, they no longer release a full schedule as they did in previous years.
Refunds to debit cards tend to take between two and five business days, but it can take up to 30 days depending on the company issuing the refund.
Tax refund loans, also called "refund advances," let you access your refund early. The tax preparation company lends you money that is repaid with your tax return. Some loans are zero interest, while others include interest if you want the funds before 2024.
Once accepted there is no “rejected”. Accepted/rejected simply refers to the status of an electronically filed return. Next, the IRS processes your return and either approves your refund (if you have one) as is, or makes adjustments if there are simple discrepancies.
After you verify your identity and tax return information using this service, it may take up to nine weeks to complete the processing of the return. Visit Where's My Refund? or use the IRS2Go mobile app 2-3 weeks after using this service to check your refund status.
A tax refund could be delayed weeks or even months in some cases. The length of the delay may depend on how backed up the IRS is on processing tax returns, whether you turn around requested documentation quickly, and whether you need to file an amended return.
The “Where's My Refund?” tool updates once every 24 hours, usually overnight. Remember, refunds that include the Earned Income Tax Credit (EITC) and the Additional Child Tax Credit (ACTC) cannot be issued before mid-February.
Most refunds typically take 5-7 business days (excluding weekends and holidays) to appear in your account once the merchant has issued the refund. If you have questions about a refund you should have received, you should first check with the merchant.
If your due date falls on a Saturday, Sunday, or legal holiday, the due date is moved to the next business day. For the 2023 tax return, the due date for most filers is April 15, 2024 (April 17, 2024, if you live in Maine or Massachusetts).
has a tracker that displays progress through 3 stages: (1) Return Received, (2) Refund Approved, and (3) Refund Sent. Where's My Refund? is updated no more than once every 24 hours, usually overnight, so you don't need to check the status more often. The IRS issues more than 9 out of 10 refunds in less than 21 days.
Where's My Refund? has a new look this year. The tool includes a tracker that displays progress through 3 stages: (1) Return Received, (2) Refund Approved and (3) Refund Sent.
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.
Pending approvals are awaiting action. Future approvals will be acted on following action on the pending approvals. When a pending phase is approved, its status becomes approved.