Take control of your finances by tracking the status of your state and federal tax refund. By staying informed about the progress of your refund, you can effectively plan for upcoming expenses such as housing costs and bills.
Knowing when to expect your refund provides you with peace of mind and enables you to make well-informed financial decisions. Don’t wait in uncertainty – track your tax refund today and take charge of your financial future.
Your tax refund can help you cover your bills, enjoy recreational activities, or bolster your savings. However, the timeline for receiving your tax refund can be influenced by various factors.
In most cases, the IRS will issue tax refunds within 21 days, but this time frame is subject to change depending on a few different things.
Potential delays can arise from:
- Errors or missing information on your tax forms
- The IRS needing additional details from you
- Sending your tax form by mail
- Claiming certain tax credits or deductibles.
For example, claiming the Earned Income Tax Credit and Additional Child Tax Credit on your tax form can increase the time it takes to process your taxes because the IRS will need additional time to verify these claims. Likewise, an Injured Spouse Allocation can take more time to review as well.
By keeping these potential delays in mind, you’ll be able to have a better idea of when your tax return may arrive.