As tax season progresses in the United States, many taxpayers face the process with anticipation to know the dates and amounts of refunds they will receive from the Internal Revenue Service (IRS).
According to information from the IRS, most refunds are issued within 10 to 21 days, although this time may vary depending on different factors such as the filing method, the date the return is filed and the tax credits claimed.
The specialized website Tax Layer explains that the IRS works on an established schedule to send refunds. Electronic returns, for example, are processed much faster than those sent on paper.
This difference is also reflected in the method of receipt: choosing direct deposit instead of a check in the mail can significantly speed up the arrival of the long-awaited tax refund.
On the other hand, some tax credits, such as the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC), may delay the issuance of the refund.
Despite the possible delays, thousands of people are eagerly awaiting the arrival of this extra income, which for many represents a significant economic relief.
Refund schedule by filing and delivery method
- Electronic filing and direct deposit: 1 to 3 weeks
- Electronic filing and cheque: 1 month
- Statement by mail and direct deposit: 3 weeks
- Statement by mail and check: 2 months
Who receives their deposit between April 21 and 27?
It is estimated that those who filed their tax return electronically between March 31 and April 6 with direct deposit selection, will be able to receive their refund from April 21 to 27.
For those who chose to pay by check and filed in the second week of March, the payment should arrive on Monday, April 21.
This news was originally published on this post .
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