
We’ll show you how to track your 2020 tax refund.
Sarah Tew / CNET
If you submit an application electronically, you can start tracking your payment 24 hours after submission. If you haven’t already filed a return, consider filing online rather than filing a paper return – the IRS asks taxpayers not to file paper returns if possible, as they are still backed by previous years, when the tax authorities tax expiration date has been extended because of the Covid-19 pandemicDemocrats have contacted the IRS about it extension of the deadline for tax filing this yearalso.
Currently, there are two IRS tools that can help you track your 2020 refund once your taxes are filed. Additionally, note that this tax season whether you have a third stimulus check of maximum $ 1,400 per person(Here is when that incentive payment might come and how it could be more targeted, possibly disqualify more peopleThis story is regularly updated.
2 IRS Tools Help Track Your Refund Status: How to Use Them
There are several things you should have on hand to keep track of the status of your tax refund: your Social Security Number or Individual Taxpayer Identification Number, your filing status – for example, single, married or householder – and your exact refund amount in whole dollars, which you can find on your tax return.
Using the IRS tool Where’s My Refund, enter your Social Security number or ITIN, your filing status and your exact refund amount, then press SendIf you have entered your details correctly, you will be taken to a page with the status of your refund. If not, you may be asked to verify your personal tax information and try again. If all the information looks correct, you should enter the date you filed your tax, along with how you filed it – either electronically or on paper.
There is also a mobile app you can use to check your tax refund status called IRS2Go. The IRS updates the data in this tool at night every day, so if you don’t see a status change after 24 hours or more, check back the next day.
What the current status of your tax refund means
If you view the status of your tax refund in the IRS tool, you will see one of three messages.
- Receive: The tax authorities now have your tax return and are processing it.
- Approved: The IRS has confirmed the amount of your refund.
- sent: Your refund is now on its way to your bank or in a check to your home. (Here’s how change your address now if you have moved
When will I receive my tax refund? Possible dates listed below
The IRS says it issues most tax refunds within 21 days, but many people will receive their refunds much earlier. It may take the IRS longer to send your tax refund if there are errors, or if you made a claim for an Earned Income Tax Credit or the Child tax credit
But it also depends on how you submitted your tax return.
For example, if the refund is received deposited directly into your bank account, it may take another five days for your bank to credit it to your account. This means that if it took the IRS 21 days to issue your check and your bank five days to post it, you would have to wait a total of 26 days to receive your money. That’s where tracking your refund comes in handy.
If it’s sent by mail, the IRS says it can take six to eight weeks for it to arrive. Here are some possible dates when you could receive your refund depending on when you applied.
When your tax refund might come
If you submit a file on this date | This is the fastest | This is the last |
---|---|---|
February 14th |
February 21st |
7 Mar. |
1 Mar. |
8 Mar. |
22 Mar. |
April 1st |
April 8 |
April 22nd |
April 15th (last day to submit) |
April 22nd |
6 May |
Oct 15 (last day with extension) |
22 Oct. |
5 Nov. |
Should you call the IRS to check your tax refund status? It depends
While you can call the IRS to check your status, the agency’s live phone assistance is extremely limited at this point, so you can be on hold for a while to speak to a representative. Also, the IRS says you should only call if it has been 21 days or more since you filed your taxes online or if the Where’s My Refund tool tells you to contact the IRS.
For more information on your taxes, here’s when the The deadline for 2021 is to file your tax return how to claim missing incentive money on your taxes and the real reason why you should sign up for direct deposit on your taxes for 2020
Source link