Does the IRS deposit refunds via direct deposit on Sat or Sun?
, CPATurboTax TaxPro
HI JDespaw,Please see the comments posted below for the feedback from several TurboTax customers who have received their refunds already.
Please also see the TurboTax online video entitled "What Days of the Week Does IRS Deposit Tax Refunds?"
After the excerpt below, I also attached a link to the entire article/video.
"Tax refunds are processed by the IRS two times per week. On the first day, the IRS only processes refunds that it will make through direct deposit, and on the second processing day, the IRS mails all refund checks to taxpayers who don't choose direct deposit.
But this doesn’t mean your refund will be processed immediately after filing your tax return. When you mail your tax return, it takes approximately six weeks from the date the IRS receives it to process your refund, regardless of whether you choose direct deposit or a paper check. And if you e-file your return, the processing time is cut in half. Approximately three weeks from the date the IRS confirms receipt of your return you should see a deposit in your account or receive a check in the mail.
If you want to monitor the status of your refund so you know exactly when you’ll receive it, you can access the “Where’s My Refund” tool on the IRS website or call its Refund Hotline.
When you use TurboTax to file your tax return, you can also check your e-file status on our website, or use our mobile app to track your refund.
Remember, there’s no faster way to get your refund than e-file with direct deposit. And TurboTax makes it easy."
I hope you find this helpful,
Also, what is the difference on the tracker between "return received" and "refund approved." Mine says return received, does that mean they havent fully approved my refund and it could still be denied?
I would like to clarify things if I can. @alexis_krauser and everyone. My friend received her refund Saturday 2/1/2014 and she filed on 1/23 and accepted same day. I filed 1/26 and accepted same day and I have a ddd on the 6th. So I am not sure if it got to her bank on Friday or not but it showed up in her acct yesterday. Hope that helps.
Curious to know if once a ddd is given and shown on the irs.gov wheres my refund....does turbo tax send you a text. Im asking because when irs accepted my efile they sent me a text message.
I was accepted on 1/24/2014 Still no ddd. What is the problem? If you have a tax topic 152 does that mean you are close or something is wrong? I have 1 but daughter doesn't
Transcripts do mean nothing, lol. I just ordered mine for this year and have NOT even filed this year yet
Just from what I have read on these threads, it seems that this past Sunday, 2/2 they approved the first batch for a DDD of 2/6. Then they updated and approved more on 2/6 for the second batch to be DDD on 2/10. So, if from what I gathered, they are only changing statuses on Sunday and Thursday mornings, and depositing on Monday and Thursday. So I would guess that this Sunday 2/9 a third batch will go out on 2/13. I know the IRS says they are updating everyday, but from what I've seen so far it looks like they are honestly only updating on Sunday and Thursday mornings. Oh well......
I was accepted on the 28th. Still not moved to approved and no ddd.
I was had a ddd 2/6 check today still no deposit....Hoping it has to due with everyyear in the past I always get direct deposits from irs on fridays. so hopefully tomorrow
Does anyone know when the cut off date is to get in on the next ddd of 2/6?
question: does anyone know how long it takes to get the income tax of the parent who owes back child support?
I am getting mine on a netspend card also and I checked my card yesterday to and nothing also I am a mom waiting on cp to come from my daughters dad and last time I got his taxes I didnt get them till april. I am really hoping that the refund is there today can really use it I filed 1/26 accepted on 1/29 so it says on or before 2/6.