Tax Year Prior to 2020: Can u use PayPal account to put your fed. Tax refund on?

[Helter82]

Everyone keeps saying in one to five days but yet how where does it go between those time because PayPal doesn't even tell you if there's anything pending so is it in limbo I understand financial institutions can take one to five days but PayPal says that it goes directly in

[SweetieJean]

How do I receive my tax refund with PayPal?

You asked "where does it go?"  I can't speak for PayPal, but many financial institutions only credit deposits on business days.  So, if (for example) your deposit arrives after the close of business on a Friday and the following Monday is a Federal  holiday, it will not be credited until Tuesday.  Since many FI's only update during the overnight hours, that Tuesday overnight credit will not appear in your account until Wednesday.  Thus, the "up to 5 days."  

Think of it this way: your mail arrives at local Post Office, but has not yet been delivered to your mailbox.

[Helter82]

Thank you for that answer. I totally understand but where is it if it's not after business hours or on weekend, or a holiday. I'm only asking because irs.gov says it was deposited on 18th which was weds and it's now Friday and PayPal has nothing for me. Further more they hardly speak English and don't understand what I'm asking but that's beside the point. I would think and I'm no genius that it would say pending or something. They said they wld track it but how can they track it when it's not there to track thanks again

[Sophiezchoice]

In regard to the response/ Question / Concern, About using PayPal direct deposit information to receive your income tax refund. I read that 1 of you stated that you felt like you should not have used PayPal, That You heard that it takes forever to receive your refund via PayPal and that your status for your federal refund was that a standstill. The 1st thing you need to realize is your method of deposit has no bearing On if or when your refund is approved. Once you prepare your taxes they are submitted to the IRS via e-file. After submission the IRS either accepts or rejects your return. If your return is accepted, Then you will await you're approval and deposit date. You're approval and deposit date have nothing to do with the method in which you chose to receive your money. Once approved, And your deposit date is received, Then the method in which you chose to have your money deposited would come into play. So stating that your progress was at a standstill has nothing to do with PayPal. Again once your refund is approved and you receive your deposit date, Then if on that date your money is not transferred into your PayPal account( If that is in fact your chosen method of deposit) Then you have an issue. It is then you can contact PayPal and it would be one of them as to when and if you receive your money. Understand that these are Separate processes and one does not have a direct bearing on the next. Of course The fact remains if you choose e-file and direct deposit you are going to receive your money faster than if you would Have chosen to mail your return in and opt for a paper check. Just keep in mind it is only After you receive your approval and you are given a deposit date by the irs, That the method in which you selected that deposit would Have an effect on when you actually received the money. If the Iris approves you and gives you a date of February 25th for deposit, They will then one that day initiate the transfer into the method of your choice. It is at that point that your choice would have a direct effect on if and when you received your money.