When Will I Receive My Tax Refund?

Tax season is officially here. As of January 27, 2020, individuals can begin filing their taxes, according to the Internal Revenue Service. Assuming there are no delays, do you know when you can expect to get your tax refund? The answer to this depends largely on when you file and how complicated your tax return is. If you want to know more details, consider this information from the IRS and Forbes.

Tax Refund Estimates

The IRS states that it typically issues 90 percent of all tax refunds within 21 days of accepting your tax return. Taxpayers with straightforward and less complicated returns can expect to get their tax returns within 14 days. While the IRS does not make their tax refund processing chart public, Forbes has calculated its best guess for when you can expect to receive your tax refund.

 

Date the IRS accepts your return Direct deposit of your tax refund Mailed tax refund check date
January 27 February 7 February 14
February 10 February 21 February 28
March 2 March 13 March 20
March 16 March 27 April 3
March 30 April 10 April 17
April 13 April 24 May 1
April 20 May 1 May 8

 

Forbes stresses that this is just a best guess. However, based on the information from the IRS on when they realistically issue tax refunds, you can expect to receive your tax refund on or around those dates.

How Can You Get Your Tax Refund Sooner?

To get your tax refund sooner, the IRS recommends that you e-file your return and choose to get your refund directly deposited into your account. When you file by paper, the process of receiving and accepting your tax return will take longer. In fact, processing times can increase by up to four weeks. This is because the IRS must manually input your data into their electronic systems.

When you e-file, the IRS will send you an email when they officially accept your return. Check your e-filing status frequently before figuring out when you can expect to get your tax refund. If you have concerns about your tax refund, or simply wish to have your tax questions answered, contact a tax professional immediately. You can also visit the IRS site to use their “Get Refund Status” tool to track your refund better.

Contact a King of Prussia Tax Attorney Today

Taxes are complicated and the tax laws are always changing. As such, it is important to have an experienced tax attorney on your side. We can help answer all of your questions regarding your tax refund, as well as planning for the 2020 tax season. Our lawyers want to make taxes easy and take the worry off of you.

To learn more call a King of Prussia tax attorney at Troncelliti Law Associates at (610) 365-4240 or fill out our confidential contact form for more information. We can help you plan for this new tax year while getting your 2019 tax refund quickly. Our tax lawyers are here to help.