in [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill
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This week (starting with Presidents' Day) is the busiest week of the year for the IRS phone lines. Hold times will be very long. There's no guarantee that your refund will be approved in exactly 21 days. Unless you have nothing better to do than sit on hold, I suggest that you just keep checking Where's My Refund? once a day.
I would wait until Tuesday. They may be closed today for Presidents Day.
TurboTax only gives the general IRS (most returns are processed withing 21 days) date. The actual date is known only by the IRS. TurboTax also does not adjust the general date for anything on the tax return. TurboTax receives no feedback from the IRS after filing.
The IRS says most refunds will be issued within 21 days - some faster, some longer.
Each tax return is evaluated on it's own merits. There is no first-in-first-out. Two similar tax return submitted at the same time can have totally different processing times based on IRS criteria for examining tax returns that the IRS does not divulge.
Some returns will be held for ID verification or other verification. The IRS will send a letter if they require more information to process your tax return.
The 2015 PATH ACT passed by Congress mandated that tax refunds be held if the tax return claimed the Earned Income Credit or Additional Child Tax Credit in order to allow the IRS time to match wage statements (W-2's and 1099's) against the claimed income to combat fraudulent tax returns claiming income that did not exist and receive refunds before the IRS could process the wage statements.
Beginning in 2016, if you claim the EITC or ACTC on your tax return, the IRS must hold your refund until mid February This new law (PATH Act) requires the IRS to hold the entire refund.
Those refunds are usually released late February.
https://www.irs.gov/individuals/refund-timing
Check your refund stratus here:
https://www.irs.gov/refunds
Check your state refund here:
https://ttlc.intuit.com/questions/1899433-how-do-i-track-my-state-refund
It's been 61 days for me, was accepted in 2/1/20, then on 2/5/20 was told return being processed, tried calling today (4/1/20) and a recording said IRS was down go to irs.gov. Seems not fair, my daughter got hers back in 2 week, my grandson told me it only took 12 days for him and they both filed the first of march, go figure
Life is not fair ... some returns are stopped for review and some are done randomly and you just got unlucky.
Approximately 90% of taxpayers will receive their refunds in less than 21 days from the day their tax return was accepted by the IRS. Most people receive their refund in an average of 10-14 days.
Here's a link to help you track it. https://www.irs.gov/refunds
The IRS releases most refunds within 21 calendar days after the e-filed return has been accepted (received), not 21 days from the e-filing date.
We know you'd like your refund as fast as possible, but we have no control over how fast the IRS or your state returns your money to you. We're unable to track down, research, or expedite your refund, because those actions are only done by the government—you'll have to contact the IRS or your state tax office for help.
If you still haven't received your refund or your refund is less than you expected, it's possible you may have a refund offset.
For questions on state refunds, use your State Refund Lookup tool.
https://www.youtube.com/watch?v=Xlu0XzkRNPU
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