How Long It Takes to Get Your Tax Refund
Filing your return electronically and using direct deposit can speed up the process by weeks.
Question: I just filed my income tax return. How soon can I expect to receive my refund?
Answer: It depends on how you filed and how you're getting your refund. You'll get the money the fastest if you e-filed your return and have your refund deposited directly into your bank account. E-filers generally receive their refunds less than 21 days after filing. If you mailed in a paper return, it may take up to six weeks to receive your refund.
Your refund may be delayed, however, if you claimed the Earned Income Tax Credit or the Additional Child Tax Credit. The IRS is taking longer to review returns that claim those credits to help prevent tax ID theft. In that case, the earliest you could receive your refund is February 27 -- and that's if you chose direct deposit and there are no other issues with your tax return. Otherwise, it will take longer to get your refund. See the IRS's Direct Deposit page for more information about your direct deposit options and instructions.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
You can check on the status of your refund with the IRS's Where's My Refund tool. You'll need to provide your Social Security number, your tax-filing status and your refund amount to look up its status. You can use the tool starting at least 24 hours after e-filing, or four weeks after mailing in your return. The IRS updates the information daily, usually overnight.
The Where's My Refund tool doesn't work if you filed an amended return. In that case, you can use the Where's My Amended Return tool to look up the status of Form 1040X, Amended Tax Return, for the current year and the previous three years.
Get Kiplinger Today newsletter — free
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.
As the "Ask Kim" columnist for Kiplinger's Personal Finance, Lankford receives hundreds of personal finance questions from readers every month. She is the author of Rescue Your Financial Life (McGraw-Hill, 2003), The Insurance Maze: How You Can Save Money on Insurance -- and Still Get the Coverage You Need (Kaplan, 2006), Kiplinger's Ask Kim for Money Smart Solutions (Kaplan, 2007) and The Kiplinger/BBB Personal Finance Guide for Military Families. She is frequently featured as a financial expert on television and radio, including NBC's Today Show, CNN, CNBC and National Public Radio.
-
Stock Market Today: The Dow Leads an Up Day for Stocks
Boeing, American Express and Nike were the best Dow stocks to close out the week.
By Karee Venema Published
-
Black Friday Deals: Are They Still Worth It in 2024?
Is Black Friday still the best day for deals? We share top tips for smart holiday shopping.
By Jacob Wolinsky Published
-
Two Consequential Tax Cases You May Not Have Heard About
The Supreme Court's decisions in these cases create uncertainty about challenging IRS regulations and guidance. Expect more litigation to follow.
By John M. Goralka Published
-
Sometimes It Pays to 'Blow the Whistle' on IRS Tax Evaders
Tax Fraud The IRS recently awarded three IRS whistleblowers $74 million. Here's why.
By Kate Schubel Published
-
The Big CPA Shortage Problem in Accounting
Career This once resilient accounting industry is cracking, as the labor force seems in dire straits. It’s also affecting the IRS.
By Gabriella Cruz-Martínez Last updated
-
IRS Skirts TikTok Ban to Sniff Out Tax Scammers
Tax Scams Social media scams caused thousands to file inaccurate returns. What does that have to do with TikTok?
By Kate Schubel Published
-
Who Does the IRS Audit the Most?
Audits The IRS has a $400K audit directive problem. Here’s what you need to know.
By Kelley R. Taylor Last updated
-
IRS Hauls Back $1.3 Billion From High-Income Earners
Tax Filing Certain income and wealth levels can trigger an IRS audit. Here's what you need to know.
By Kate Schubel Published
-
Incorrect ERC? IRS Points to Five New Red Flags
Tax Credits These signs could mean there’s an error in your Employee Retention Credit claim.
By Gabriella Cruz-Martínez Published
-
IRS Has No Set Plan to Replace Old Tech
IRS What could old IRS technology mean for your federal tax return and cybersecurity?
By Kate Schubel Published