First they look for things like back taxes and unpaid child support. If they find any debts, they'll offset (reduce) your refund to cover the outstanding amount. Once they are satisfied that you have no outstanding debts, they will approve and then issue your refund.
You submit the refund with an e-postmark, and the application is sent to the government. You wait for the IRS to accept the return. It will take from 24 to 48 hours. ... If everything looks good, the refund approval is done by the IRS.
It is taking the IRS more than 21 days to issue refunds for some 2020 tax returns that require review including incorrect Recovery Rebate Credit amounts, or that used 2019 income to figure the Earned Income Tax Credit (EITC) and Additional Child Tax Credit (ACTC).
If the IRS thinks you claimed erroneous deductions or credits, the IRS can hold your refund. In this case, the IRS will audit you to figure out whether your return is accurate. If you prove to the IRS that you correctly took the deductions and/or credits, the IRS will issue your refund or corrected refund.
When you e-file, it typically takes 24 to 48 hours for the IRS to accept your return. Once your return is accepted, you are on the IRS' refund timetable. The IRS typically issues refunds in less than 21 days. ... The IRS will provide an actual refund date as soon as your tax return and refund are approved.
Accepted means your tax return is now in the government's hands and has passed the initial inspection (your verification info is correct, dependents haven't already been claimed by someone else, etc.).
Once your return has been “Accepted” its status will remain the same until it has been “Approved.” This would mean it has been processed and that the IRS has approved the release of your refund.
What's Taking So Long? If you don't receive your refund in 21 days, your tax return might need further review. This may happen if your return was incomplete or incorrect. The IRS may send you instructions through the mail if it needs additional information in order to process your return.
Refund Approved means that the IRS has processed your return and your refund has been approved. The IRS will send your refund to your bank via direct deposit or directly to you in the mail if you requested a paper check. The fastest way to get your refund is by using direct deposit.
When you receive confirmation that the IRS accepted your return, it means that they have reviewed your return, and it has passed their initial inspection. They verify your personal information and other basic items, like if your dependents have already been claimed by someone else.
The status of all refunds for US citizens is updated every 24 hours, so if at the moment the status of this is cataloged as 'Received' you will have to wait 24 more hours to consult it again to wait for it to have been approved .
If your tax return status is "Still Being Processed" your tax return could be essentially on hold until the IRS corrects any issues and/or gets the additional information from you to continue processing your return.
We cannot provide any information about your refund. You must wait at least 24 hours after you get the acknowledgment e-mail that your tax return was received by the IRS. Your e-filed return was accepted (received) by the IRS less than 24 hours ago.
After the tax return has been Accepted by the IRS (meaning only that they received the return) it will be in the Processing mode until the tax refund has been Approved and then an Issue Date will be available on the IRS website. ... Millions of taxpayers have not yet received there federal tax refunds.
It simply means that your e-filed return is being processed and that the government hasn't approved it yet.
Not yet. Accepted means your tax return is now in the government's hands and has passed the initial inspection (your verification info is correct, dependents haven't already been claimed by someone else, etc.).
When to expect your IRS refund
About 90% of electronically filed tax returns are processed within 21 days. Paper returns are processed six to eight weeks after they arrive at the IRS. If you electronically file and provide bank account information to the IRS for direct deposit, you'll see your refund the quickest.
In many contexts it means that something is being: developed, considered, made, or reviewed. Examples: Your graduate school application is being processed. Your loan application is being processed. Your order is being processed.
If my refund on the IRS website says still processing does it mean I will be audited? There's absolutely no reason to necessarily think that you're under review or that an audit is pending, so please don't worry. The "processing" message you see is perfectly normal. In fact, the messages and bars on the IRS.
When using the IRS's online tool, it isn't necessary to check back every day. The IRS only updates your refund status information once per week on Wednesdays.
Once the tax return is processed, Where's My Refund" will tell a taxpayer when their refund is approved and provide a date when they can expect to receive it. "Where's My Refund" is updated no more than once every 24 hours, usually overnight, so taxpayers don't need to check the status more often.
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.
What that means is that the IRS accepted your tax return. The non-filers website contracted by the IRS takes the information you give them to create what is essentially a blank form 1040 tax return and files that. Now the press has accepted that as your 2019 tax return.
Accepted means your return was received and the basics (such as the correct social security number) seem to be in order. Once the IRS takes a deeper look, they will (hopefully) quickly approve your refund.