On January 27, tax season will begin in the United States and with this many people will be attentive to their options for deductions and credits. Not only that, but also the refunds made by the Internal Revenue Service (IRS, for its acronym in English). The office is making it easier for taxpayers to check the status of their applications through their page.
According to the IRSmost refunds are issued in less than 21 days; however, in some cases there may be delays. “The IRS warns taxpayers not to rely on receiving a refund on a certain date, especially when making large purchases or paying bills”the agency said. “Some statements may require additional review and may take longer”they assured.
IRS tax season is coming in the United States. (Photo: Pixabay)
The tool enabled by the IRS is called ‘Where is my refund‘, which is on the agency’s tip website. In that section, the user is helped to track the status of their refund. It can also be verified through the IRS2Go mobile application.
To check the status of your refund you will need the following personal information:
- Social Security Number or Personal Taxpayer Identification Number (ITIN), Marital Status
- The exact dollar total of your expected refund.
- Status of your declaration
The taxpayer can begin to check the status of their application after the following deadlines:
- 24 hours after electronically filing your 2024 tax return
- 3 or 4 days after e-filing a 2023 return
- 4 weeks after sending the return
There are three refund statuses: received, approved and sent. Here we detail what each deadline means:
- Return received: The IRS has received your refund and is processing it.
- Approved refund: The IRS has approved your refund and is preparing to issue it on the date indicated.
- Refund sent: The IRS has sent your refund to your bank or by mail. It may take up to five days for it to appear in your bank account or several weeks for your check to arrive in the mail.
The IRS refund will reach the user according to the method specified in their tax return. These are the ways:
- Direct Deposit: This is the fastest way to receive your refund. The IRS will deposit the money into your checking, savings, or retirement account; and you can split the refund across up to 3 accounts.
- Physical check: Your check will be mailed to the address listed on your tax return.
- Debit card: The IRS recommends checking with your bank or card provider to see if your card will work and what account numbers to use.
- Mobile payment applications
- Traditional, Roth or SEP-IRA
If you see that your refund is not arriving, it may be because your tax return needs some correction or additional review by the IRS. The agency will contact you by letter if more information is needed. If you have questions, you can call the office at 800-829-1040 (assistance in Spanish).
The IRS expects 140 million tax returns until April 15 (Photo: AFP)
