It can take up to 5 business days for your bank to deposit your tax return into your account. If the status in Where’s My Refund? shows “Refund Sent”, the IRS has sent your tax refund to your bank for direct deposit. If you don't receive it in after 5 business days, then you should contact your bank.
TurboTax does not receive updates from the IRS once they have accepted your return. There's no way to know when the IRS will update the status of your refund or when it will be issued. As your return moves through the system, the status of it will be updated accordingly.
On the IRS where’s my refund tracker it states; “your refund is scheduled to be sent to your back by February 26, 2020. If you don’t see it deposited to your account by March 2nd, contact your bank.”
so I am wondering when I should think to receive it.
Once the IRS releases your refund, you should follow-up with your banking institution, it could take 5-10 days for the funds to deposit to your account.
Okay, so you do not know if the IRS releases funds more than once per week?
Your refund will be released on the date that is shown on Where's my Refund. See the following answer provided by SuperUser Lisa995;
Do you have the EITC or Child Tax Credit? Mine is also supposed to be to sent on the 26th and I do have the EITC and Child Credit.
i do too and it says my refund will be sent by 2/26. i still haven’t received my $ the bar doesn’t show return sent yet so i m guessing they haven’t deposited yet do they DD once a day or several times during the day?
I says on there when to expect it and what to do if it does not arrive within a certain time? Im not sure where the confusion is coming from.
I have a prepaid card not a traditional bank which means my bank dont hold funds so it says my depsoit date is the 26th , so should i recieve it in the morning?
Mine says the same thing. I wonder if i will get it tomorrow my bank said the immediately process it so it should be as soon as they send it
Same I hope I get mine tomorrow morning says the same thing I used turbo card for refund
My refund says approved an to be deposited on February 26th I claim my child too I wonder if we will receive funds tomorrow morning haven’t got nothing yet.
You know. All this could be cleared up rather easily if only the IRS writers would learn proper use of words, lol. When it says for mine to be sent to my bank “by” the 26th. That infers to me that it could happen before the 26th. If they would just change the word to “on”, that would make it more concrete. You can always count on the govt to **bleep** it up. 😂
If the IRS Where's My Refund website is showing a direct deposit date of Feb 26, then this is when you will receive your refund.
The only thing that could delay the date is if you had your Turbo Tax fees deducted from your refund, in which case your refund will first need to be sent to Santa Barbara Bank so they can deduct the fees.
You can track your return with Santa barbara by clicking here. They will provide you with the direct deposit date once they have received the refund.
So my question is how does turbo tax get the 80 they charged me? Does the refund go to their bank and then to my bank after fees are taken out??? Or does it go straight to my bank??? Last year i got my return the day it said but i also filed free.
No your refund is scheduled to be sent on 26th..,Wednesday is only day direct deposit is issued. You will likely see it Friday in your account.
EXACTLY!!!! When they say "by" a certain date, that indicates that it will be before that date. I've been checking my bank account everyday wondering when the hell they're going to deposit it because TurboTax said it should have been on the 20th, yet they finally updated my status thru the IRS website and said BY the 26th. Most normal people would think that means before the 26th, not on the 26th.
If they sent them on Monday’s your message would say refund scheduled to be sent Feb 24th it says 26 cause they send out every Wednesday
most direct deposit are sent at end of business day 4-6 pm, you may see it tomorrow but likely Thursday
You haven’t gotten anything cause it’s not the 26th , banks take 2 days to process and credit expect it Friday