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Not yet. Accepted means your tax return is now in the government's hands and has passed the initial inspection (your verification info is correct, dependents haven't already been claimed by someone else, etc.).
After acceptance, the next step is for the government to approve your refund.
First they look for things like back taxes and unpaid child support. If they find any debts, they'll offset (reduce) your refund to cover the outstanding amount. Once they are satisfied that you have no outstanding debts, they will approve and then issue your refund.
Think of the e-filing/refund process like applying for a job: although the employer (government tax agency) has received (accepted) your job application, they still have to review (approve) your application before they grant you an interview (refund).
No, Accepted and Approved are not the same thing.
If accepted by the IRS use the federal tax refund website to check the refund status - https://www.irs.gov/refunds
After the tax return has been Accepted by the IRS (meaning only that they received the return) it will be in the Processing mode until the tax refund has been Approved and then an Issue Date will be available on the IRS website.
See this IRS website for federal tax refund FAQ's - https://www.irs.gov/refunds/tax-season-refund-frequently-asked-questions
Not yet. Accepted means your tax return is now in the government's hands and has passed the initial inspection (your verification info is correct, dependents haven't already been claimed by someone else, etc.).
After acceptance, the next step is for the government to approve your refund.
First they look for things like back taxes and unpaid child support. If they find any debts, they'll offset (reduce) your refund to cover the outstanding amount. Once they are satisfied that you have no outstanding debts, they will approve and then issue your refund.
Think of the e-filing/refund process like applying for a job: although the employer (government tax agency) has received (accepted) your job application, they still have to review (approve) your application before they grant you an interview (refund).
No, Accepted and Approved are not the same thing.
If accepted by the IRS use the federal tax refund website to check the refund status - https://www.irs.gov/refunds
After the tax return has been Accepted by the IRS (meaning only that they received the return) it will be in the Processing mode until the tax refund has been Approved and then an Issue Date will be available on the IRS website.
See this IRS website for federal tax refund FAQ's - https://www.irs.gov/refunds/tax-season-refund-frequently-asked-questions
Turbo tax is saying this
As of February 5, 2023, the IRS accepted your return and issued a refund in the amount of $2519.
does that mean irs approved refund?
@Footballforme1 Accepted means your tax return is now in the government's hands and has passed the initial inspection (your verification info is correct, dependents haven't already been claimed by someone else. It does not mean your refund has been approved. TurboTax does not get any information about refunds being approved or the date you will receive it.
To find out about your Federal refund, check the IRS website, Where’s My Refund:
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