How long should it take for my refund to be approved? (2024)

How long should it take for my refund to be approved?

(updated December 22, 2023) We issue most refunds in less than 21 calendar days. However, if you mailed your return and expect a refund, it could take four weeks or more to process your return.

Why is the IRS taking so long to approve my refund?

The IRS says that tax returns can be delayed for the following reasons: It was sent by mail. It contains errors or is incomplete. It needs further review.

How long after your refund is accepted will it be approved?

The IRS issues more than 9 out of 10 refunds in less than 21 days. However, it's possible your tax return may require additional review and take longer.

How long does it take for IRS to approve refund after identity verification?

After you verify your identity and tax return information using this service, it may take up to nine weeks to complete the processing of the return. Visit Where's My Refund? or use the IRS2Go mobile app 2-3 weeks after using this service to check your refund status.

How long does it take for tax refund to show in bank account after approved?

Once accepted, your tax return follows the IRS payment schedule, and only they have the status of its processing, whether you owe taxes or expect a refund. For electronic returns with direct deposit, IRS refunds typically arrive in bank accounts within 21 days of approval.

Should I be worried if my refund is still being processed?

If you're still waiting on your tax refund, it's possible that your tax return is taking longer for the IRS to process because it requires additional review. There are several reasons why your tax return may be delayed: Errors such as an incomplete filing status. Missing information.

Why is my refund not saying approved?

Common Reasons For Tax Refund Delays

The tax return was incomplete. The tax return requires further review. The taxpayer's account is connected to identity theft or tax fraud. The IRS is informed that the taxpayer's bank account was flagged for suspicious activity.

How long does it take for IRS to approve refund 2024?

Filing season reminders

Taxpayers who file electronically and choose direct deposit typically get their refund in less than 21 days. Taxpayers who don't have a bank account can find out how to open a bank account at a FDIC-insured bank or the National Credit Union Locator Tool.

How do I know if my refund has been accepted?

Use the IRS Where's My Refund tool or the IRS2Go mobile app to check your refund online. This is the fastest and easiest way to track your refund. The systems are updated once every 24 hours. You can contact the IRS to check on the status of your refund.

How do I know if my tax return was accepted?

Does it really take 9 weeks after identity verification to get refund 2024?

What happens after I successfully verify? We'll process your tax return. It may take up to 9 weeks to receive your refund or credit any overpayment to your account. However, if we find other problems, we'll contact you again and this may delay your refund.

Does it really take 9 weeks after identity verification to get refund?

Even if you go through the process and are able to verify your ID, you're being warned that it could take up to nine weeks to receive your federal income tax refund or see any overpayment of money credited to your account.

What triggers IRS identity verification?

The IRS sends a 5071C letter when it receives a tax return with your name and tax identification number, but believes the return to be fraudulent. A Letter 5071C will ask you to complete an online identity verification process to confirm your identity.

How soon after the IRS approves you direct deposit do you receive it?

While a person can choose direct deposit whether they file their taxes on paper or electronically, a taxpayer who e-files will typically see their refund in less than 21 days. Taxpayers can track their refund using "Where's My Refund?" on IRS.gov or by downloading the IRS2Go mobile app.

How do I know if my tax refund is pending in my bank account?

Assuming no issues, IRS issues tax refunds in less than 21 calendar days after IRS receives the tax return. IRS has an on-line tool, "Where's My Tax Refund", at www.irs.gov that will provide the status of a tax refund using the taxpayer's SSN, filing status, and refund amount.

How long does it take for tax refund to show in bank account after approved quora?

UP TO 21 days for a *DIRECT DEPOSIT* refund to be issued to your financial institution. Processing time by your financial institution *MAY* add on additional time. Paper Check Returns can take up to six to eight weeks.

Why hasn t my return been accepted yet?

There are a few reasons why your federal refund may be delayed. One of the most common culprits is submitting a return that contains an error, such as the wrong Social Security number or incorrect direct deposit information. The IRS could also be holding up your refund if it requires additional review or is incomplete.

Does still being processed mean audit?

If my refund on the IRS website says still processing does it mean I will be audited? There's absolutely no reason to necessarily think that you're under review or that an audit is pending, so please don't worry. The "processing" message you see is perfectly normal. In fact, the messages and bars on the IRS.

Does still being processed mean approved?

It means exactly what it says: We have received your tax filing; it is being processed; we'll let you know when we've finished checking it for errors or omissions and have approved a date for your refund check. It does not. It only means they have received your return and it's in process.

Can your refund be accepted but not approved?

A federal return that's been 'accepted' means it has passed an initial screening, which includes some basic checks. Once it has entered this phase, its status will remain the same until it has been “Approved.” This would mean it has been processed and that the IRS has approved the release of your refund.

What's the difference between being processed and still being processed?

If their refund status changes from “being processed” status to “still being processed” status, the issue detected in the tax forms was likely resolved and the refund may be released when it is approved for a future cycle date.

How do you know if you are being audited?

The IRS performs audits by mail or in person. The notice you receive will have specific information about why your return is being examined, what documents if any they need from you, and how you should proceed. Once the IRS completes the examination, it may accept your return as filed or propose changes.

Is IRS behind on refunds 2024?

The amount of tax refund money the IRS has sent out continues to pick up, even though the total number of refunds sent so far in 2024 is continuing to lag slightly behind the numbers for the same period in 2023. (Here's how to see the status of your tax refund.)

When should I expect my tax refund in 2024?

Most Earned Income Tax Credit (EITC) and Additional Child Tax Credit (ACTC) related refunds should be available in bank accounts or on debit cards by Feb. 27 if taxpayers chose direct deposit and there are no other issues with their tax return.

Why am i not getting a tax refund 2024?

The agency either needs to verify certain credits or dependents, or it has determined that your tax refund will be reduced to pay money that it believes you owe. You'll need to wait about four weeks to receive a notice from the IRS explaining what you need to do to resolve the status.