My tax refund went to being accepted to saying being processed does this mean anything?

[ChrisVonHoep · Accepted solution]

It simply means that your e-filed return is being processed and that the government hasn't approved or rejected it yet.  Sometimes return status does not update for several days or even longer.

During this time, the government reviews your refund (processing).

During the review process, they look for math errors on your return (extremely rare in TurboTax) and they also check if you owe back taxes, unpaid child support, or other debts.

If they need to make any corrections, they may offset (reduce) your refund. In some cases, the correction might even increase your refund.

Once that part's done, the government approves your refund, which means it's ready to be deposited or sent.

It can take up to 21 calendar days after acceptance for the IRS to issue your refund, although most refunds go more quickly than that, while a small handful may take a bit longer.

[Snedshed]

Yes it means they're actually processing it now. What people don't get is when you have child tax credit and during the income credit either or or you have other special taxes and you don't do a simple return a simple return is just a W-2 and a standard deduction. When you have self-employment or unemployment or pandemic unemployment it makes things more complicated but by law they can't release any refund money that could change child tax credit before February 15th no matter when you file because there's supposed to have a certain amount of time to look into it to make sure double people aren't claiming your kids some people would file really early and then they're other spouse will file and the bull try and claim the same kids because that's what people do there's scumbags and they try to **bleep** each other over. Anyways when this happens we usually see a refunds by March 1st which lands on Tuesday so I would say Wednesday will be in your bank It might even be already processed yet It just hasn't updated on the app I check it from the website It's shows a little more information and certain banks will also show you when it's processing So if you have one of them banks where you get it two days early you might see it already or you might see it processing. Last year I didn't get mine for months I was part of the early early filers that all got freaking jammed up in the big freeze and we all had to wait extra months to get our taxes It took like 8 weeks almost It sucked but I got a $48 interest checked for them being douchebags and almost getting me evicted from my home