TurboTax gives you an estimated date for receiving your refund based on a 21 day average from your date of acceptance, but it can take longer. “21 days” is not a promise from TurboTax or the IRS. Many refunds are taking longer during the pandemic. The IRS is backlogged —-they are still trying to process millions of 2019 returns; they received millions of e-filed on the day they opened for 2020 returns, and now they are burdened with sending out another round of stimulus checks.
Some delays are resulting from incorrect amounts that folks entered for stimulus checks they received. Many people have been confused by the recovery rebate credit and completed it incorrectly. The IRS may delay your refund while they cross-check to see what you received. Some refunds are delayed because of the tax law changes that went into effect recently. If your return has unemployment or the premium tax credit on it, that may be delaying it.
First, check your e-file status to see if your return was accepted:
Once your federal return has been accepted by the IRS, only the IRS has any control. TurboTax does not receive any updates from the IRS. Your ONLY source of information about your refund now is the IRS.
You need your filing status, your Social Security number and the exact amount (line 34of your 2020 Form 1040) of your federal refund to track your Federal refund:
To track your state refund:
If you chose to have your TurboTax fees deducted from your federal refund, that will take some extra time, while the third party bank handles the refund processing.
The IRS is having a tough time in processing and hard to contact, see this. Each return must be cross checked for the normal and now with the new laws:
- stimulus- is it correct, pay missing amounts, do they need to be added for the new stimulus
- unemployment - is it on there, was it filed with the $10,200 subtraction, does it need to be adjusted
- premium tax credit - is it on there, is there an amount due, adjust the return
- EIC - is it on, were they banned, is there a record of release to claim?
- Child credit -anybody else claim, how old are kids, what is allowed
- Typos, offsets, and so on for still more, it is a long process this year to check each return for so many things.
- If there is a problem, you will get a letter explaining the issue.
The IRS is also processing returns mailed in last year and handling the current stimulus. They have scheduled this summer to adjust unemployment on returns.
The more items on your return, the more complicated the processing. Some people are getting their refund in two parts.
**Mark the post that answers your question by clicking on "Mark as Best Answer"