When will tax refunds be issued in 2024?
IRS Schedule for Issuing Tax Refunds in 2024
Refund Timing for E-Filed Returns
- If you e-file your tax return, expect the IRS to acknowledge receipt within:
- 24 hours for tax year 2023 returns.
- Three to four days for tax year 2022 or 2021 returns.
Refund Timing for Paper Returns
- For paper returns, refund status information should be available:
- Four weeks after you mail your return.
Direct Deposit Refunds
- Taxpayers who file electronically and choose direct deposit typically receive their refunds in less than 21 days.
Special Considerations for EITC and ACTC
- By law, refunds for returns claiming the Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC) cannot be issued before mid-February.
- If you claimed EITC or ACTC, expect your refund by February 27 if you file online, choose direct deposit, and there are no issues with your return. Where's My Refund should show an updated status by February 17 for most early EITC/ACTC filers.
Factors Affecting Refund Timing
- Errors, additional review, or incomplete returns can delay refunds.
- Corrections to EITC or ACTC amounts, or offsets for past-due debts, can affect refund amounts.
Checking Refund Status
- Use the enhanced [Where's My Refund?] tool, which updates once a day, usually overnight.
- Enter your Social Security number or ITIN, filing status, and the exact whole dollar amount of your expected refund.
Contacting the IRS
- The IRS can only research the status of your refund if:
- It's been 21 days or more since your return was e-filed.
- It's been six weeks or more since your return was mailed.
- Where's My Refund? instructs you to contact the IRS.
Additional Information
- For more details on reduced refunds and other tax-related concerns, visit the [IRS Newsroom].
Please note that the IRS updates its processes and systems, so for the most current information, always refer to the IRS website or the Where's My Refund? tool.
Sources:
Tax Time Guide: IRS enhances Where’s My Refund? tool for 2024 filing season 2024-08-02
News releases for current month | Internal Revenue Service 2024-08-03
2024 tax filing season set for January 29; IRS continues to make ... 2024-08-03
Newsroom | Internal Revenue Service 2024-08-02
When to expect your refund if you claimed the Earned Income Tax Credit ... 2024-08-02
2024 tax filing season starts as IRS begins accepting tax returns today ... 2024-08-02
Understanding your Form 1099-K | Internal Revenue Service 2024-08-03
IRS helps taxpayers by providing penalty relief on nearly 5 million ... 2024-08-03
How to Claim the Earned Income Tax Credit (EITC) 2024-08-02
About Form W-2, Wage and Tax Statement | Internal Revenue Service 2024-08-03
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