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gaylelopez0903
New Member

How long does it take for refund if i do it today

I would like to speak to agent
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jerry2000
Alumni

How long does it take for refund if i do it today

The IRS will not accept or process 2016 tax returns until at least Jan. 23, 2017. Then it can take up to 21 days to process and pay a refund. However, if the tax return contains a EITC or ADTC then, the IRS is prohibited by law to pay that refund until Feb. 15, 2017.

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3 Replies
jerry2000
Alumni

How long does it take for refund if i do it today

The IRS will not accept or process 2016 tax returns until at least Jan. 23, 2017. Then it can take up to 21 days to process and pay a refund. However, if the tax return contains a EITC or ADTC then, the IRS is prohibited by law to pay that refund until Feb. 15, 2017.
SweetieJean
Level 15

How long does it take for refund if i do it today

ScruffyCurmudgeon
Level 7

How long does it take for refund if i do it today

See the REAL schedule at this posting!   https://ttlc.intuit.com/questions/3405630

Why TurboTax even mentions January 3 is a real doozer of a question because it makes no sense, and in fact is apparently untrue as well!   Once they do open for submittal, maybe later this week but so far no one here knows!,  they will stick your filing in a vault and not do anything with it until the IRS opens on January 23, 2017.
No point rushing it turns out!!!!  And lots to lose too in fact!

Certainly, you can start entering all the various personal data that you have, and if you want to try to guess what your Form W-2 will look like and also any Forms1099 that you might receive, such as Interest Income, feel free to do so for ESTIMATION purposes only.
However, read this post to learn why others have found it to be a very serious mistake to go ahead and submit your filing before you have gotten all your W-2s and 1099s.  

Go to this link and learn why the earliest that the IRS will even see your tax return filed is January 23, 2017, and the earliest that the IRS might deposit your refund is February 3, 2017.  Go to this https://ttlc.intuit.com/questions/3405630

Read what folks who filed in a hurry had to say last December and January.READ THIS: https://ttlc.intuit.com/questions/3405630

Scruffy Curmudgeon--PFFM/ IAFF, Locals 718/30, retired firefighter/medic; univ faculty NOT INTUIT EMPLOYEE
- Strategy & Quantitative Methods Med-M&M, Law discriminatory statistics, Med & PH - epidemiology statistics;
USAR 64-67 AIS/ASA MOS 9301 - O3
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-------------------------------------No Not an Intuit Employee - Just donating my time
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