The IRS is currently processing everyone’s tax returns in an attempt to get everyone their tax refund quickly.
What is considered quick though, and how can you make it go faster?
Millions of Americans have submitted their returns and are all anxiously awaiting for the approval.
How the IRS processes your tax return for your tax refund
As soon as your return is processed and approved, your tax refund will go out as quickly as possible.
Thanks to child tax credits and stimulus checks, many Americans who missed out on the money will see larger-than-normal refunds.
What can also cause major issues is rushing through your return and submitting wrong information.
This will cause a delay in you seeing your refund.
Checking your tax refund status with the IRS
Many Americans like to track where their refund is so they know when to expect the payment.
The IRS’ Where’s My Refund app will track your refund.
The tracker can be used within 24 hours of you submitting your refund electronically.
If you submitted a paper return it could take 4 weeks for you to be able to use the tracker.
The tracker lets you know which stage your refund is in, and there are three in all
- Return Received
- Refund Approved
- Refund Sent
The IRS says 96% of filers will see their electronic refund within 21 days of processing.
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