Filing your taxes can be a chore, but getting that refund is definitely something to look forward to! But what happens when you file, and weeks go by...and still no refund? Don't panic! This guide will walk you through the steps to track down your missing money.
The IRS processes millions of tax returns every year. It takes time. Typically, if you file electronically and choose direct deposit, you should receive your refund within 21 days. Paper returns take much longer, often 6-12 weeks, or even longer in some cases.
Before you start worrying, give it at least 21 days from when you filed electronically, or 6 weeks from when you mailed your paper return.
The easiest way to check the status of your refund is by using the IRS's online tool called "Where's My Refund?". You can find it on the IRS website, irs.gov.
Here's what you'll need to have handy:
The tool will show you the status of your refund in one of three stages:
If the tool says "Return Received," that means the IRS has received your return and is processing it. "Refund Approved" means the IRS has reviewed your return and is ready to issue your refund. "Refund Sent" means the IRS has sent your refund to your bank account or mailed a check.
Important note: The "Where's My Refund?" tool updates only once every 24 hours, usually overnight. So, checking it multiple times a day won't get you any new information.
Sometimes, your refund might be delayed for reasons beyond the IRS's control. Here are some common reasons:
Reason for Delay | Possible Cause | What to Do |
---|---|---|
Math errors or incomplete information | You made a mistake when calculating your taxes, or you forgot to include necessary forms. | The IRS will usually correct the error or contact you for more information. Check your mail regularly. |
Your identity was stolen or compromised | Someone may have filed a fraudulent tax return using your information. | The IRS will investigate. You may need to fill out an Identity Theft Affidavit (Form 14039). |
Your refund is being offset to pay debts | You owe back taxes, student loans, or child support. | The IRS will notify you if your refund is being offset. Contact the agency to which you owe the debt. |
Recent changes to tax laaws and polices | New changes in tax laws often create delays, since IRS need ti update system. | You need to be paitent, and follow up the IRS. |
Review by the IRS | IRS may need to review the tax return to veify information. | You need to be paitent, and follow up the IRS. |
Occasionally, the "Where's My Refund?" tool may be unavailable due to system maintenance or technical issues. If this happens, try again later. If the problem persists, you can try calling the IRS, but be prepared for long wait times.
Calling the IRS should be a last resort. The wait times are often long, and it can be difficult to get through to a representative. However, if you've waited longer than 21 days (for e-filed returns) or 6 weeks (for paper returns), and the "Where's My Refund?" tool isn't providing helpful information, you can try calling the IRS at 1-800-829-1040.
When you call, have your Social Security number, filing status, and tax return handy. Be prepared to answer questions about your return.
Let's say Sarah filed her taxes electronically on February 15th, using direct deposit. On March 10th, she still hasn't received her refund. She goes to the "Where's My Refund?" tool on the IRS website and enters her information. The tool says "Return Received." This means the IRS has received her return and is still processing it. Sarah knows she needs to wait at least 21 days from February 15th, which is March 8th. Since it's only March 10th, she decides to wait a few more days and check the tool again. On March 15th, the tool says "Refund Approved." Sarah is relieved! She knows her refund should be deposited into her bank account soon.
Finding your IRS refund can be a simple process if you follow these steps:
Remember, patience is key! The IRS is working hard to process all the returns. With a little persistence, you'll hopefully get your refund soon.
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