In some extraordinary circumstances, the IRS might take longer than the usual 21 or 42 days time period to credit your tax refund. 10 Factors that might delay your tax refund If you opt for paper filing of tax return and choose to receive your tax refund via direct bank deposit, your tax refund would be processed in 3 weeks as opposed to the paper filing of tax return with a paper check via postal mail which may take up to 6-8 weeks. If you opt for electronic filing of tax returns and choose to receive your tax refund via direct deposit in a bank account, you can expect your tax refund in 1-3 weeks as opposed to an electronic filing with a paper check via postal mail which may delay the tax refund by over 5 weeks!
Split the refund into IRA accounts by filing Form 8888.A debit card that holds the value of the refund.Modes of Receiving the Tax RefundĪt the time of preparing your tax return, you would be required to pick a mode for the IRS to credit your tax refund after processing your return.
One of which is choosing the mode for receiving the tax refund from the IRS. However, there may be several factors that may delay your tax refund, including incorrect or incomplete information and further review. If you have filed paper returns, you can expect your tax refund within 42 days. Department of Treasury, processes tax refunds within 21 days when the tax return is filed electronically.
If you have filed your federal tax return with the IRS and are entitled to a tax refund, you may be anxiously waiting to get it or would want to get an idea of when you may receive the tax refund. Filing income tax returns can be a dreaded task.
0 kommentar(er)
