No, refunds can take anywhere from 8 to 15 days to process. A lot depends on when you filed. Federal Income Tax refunds are processed electronically, if you asked for direct deposit, and will arrive in your account on a Thursday. Most banks will process and make the payment available immediately upon receipt, but some may wait up to two days to make them available. There will always be one Thursday between the time you file and when your refund is issued. This means if you file on a Thursday, it will be two weeks or 15 days before you receive your refund. Friday, 14 days, Saturday 13 days, etc, to Wednesday, when it will be 8 days.
There is the possibility that your refund may be held up pending a lien placed on it by a federal or state agency. This is usually only for payment of back taxes or child support, but could be for other items. But these are rare.
If, however, you asked for a check to be mailed to you, the check will be mailed the same day that you would get an electronic transfer. That check could take days or even weeks to arrive.
No, refunds can take anywhere from 8 to 15 days to process. A lot depends on when you filed. Federal Income Tax refunds are processed electronically, if you asked for direct deposit, and will arrive in your account on a Thursday. Most banks will process and make the payment available immediately upon receipt, but some may wait up to two days to make them available. There will always be one Thursday between the time you file and when your refund is issued. This means if you file on a Thursday, it will be two weeks or 15 days before you receive your refund. Friday, 14 days, Saturday 13 days, etc, to Wednesday, when it will be 8 days.
There is the possibility that your refund may be held up pending a lien placed on it by a federal or state agency. This is usually only for payment of back taxes or child support, but could be for other items. But these are rare.
If, however, you asked for a check to be mailed to you, the check will be mailed the same day that you would get an electronic transfer. That check could take days or even weeks to arrive.
Thursday the 13 of February I checked IRS for my federal refund info it said its being processed, now today on Friday Feb.21 over a week later I checked again and its still being processed, what's going on?
Even though the IRS issues 9 out of 10 tax refunds within 21 days, it's possible your return may require additional review and take longer to process. Unfortunately, TurboTax does not receive updates from the IRS once it is accepted. Continue checking the IRS Where’s My Federal Refund? site for updates. Updates are made daily, usually overnight. You may also download the IRS2Go app to check your Federal refund status.
Please see the TurboTax FAQ below for additional information: