It depends upon what kind of taxes you're talking about. If you're talking about your US federal income tax, it can take approximately 10 to 14 days if you filed electronically. If you filed through the mail, it can take approximately four to six weeks. If you're talking about your state income tax, you should check with the state department of revenue. Each state is different. Here in MA, if you filed electronically, you can get your refund in approximately five to seven days. If you filed by mail, you can get it, in approximately a 10 to 14 days. If you have not received your refund, and it is beyond the waiting periods mentioned, I would contact the IRS regarding my federal tax refund and the state department of revenue regarding my state tax refund.
If you're asking about a personal federal income tax refund, most of my clients have it directly deposited in their bank account in 10 to 14 days after the IRS has accepted their income tax return. During the tax rush (mid-February to late April), it may take 4 to 6 weeks. If the IRS discovers you have not disclosed all income, if you made other mistakes (like wrong Social Security Number), or if the IRS randomly decides to audit you, it will take longer. Most self-employed, and sole proprietor businesses that use tax form 1040 receive their refunds as fast as personal tax refunds.
Direct deposit for federal refunds is in as little as 8 days. Many states direct deposit in as few as three days.
The IRS is phasing in a new e-file program that will provide near instant acceptance versus 12-24 hours last tax season. Now we need to see if refunds go out faster.
The IRS refund cycle is as such: returns filed and accepted before 11 am Eastern Time on Wednesday will have their refund direct deposited the Friday after next (8 days), the following Friday for a paper check.
Use the link below to view the IRS e-file refund cycle chart.
by HubPages 8 years ago
How to pay taxes
by Joseph De Cross 6 years ago
What are you planning to do with that income tax refund? Do you owe some money to Uncle Sam?Whether we like it or not we have to check in with Uncle Sam with extensions and all. Are you ready to buy a new car? Fix that home? Play the lotto? Or maybe just drink your sadness away? But, oh my! How...
by Caterino 7 years ago
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How are you spending your tax refund this year?
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