IRS Schedule to get tax refund; The Internal Revenue Service (IRS) started the 2019 taxation season on January 27, 2020 for most of the taxpayers in the United States. The IRS also said that once the return has been accepted via e-filing, most of the refunds will be issued by the agency within 21 days. The IRS further said that electronic filing of return along with choosing direct deposit in the options can guarantee the taxpayers to get their refunds from the IRS in less than 21 days after the return has been accepted.
What Is The IRS Refund Schedule?
The IRS has set a refund schedule for taxpayers in USA to answer their all queries regarding when will I receive my tax refund or when can I accept my refund 2019. IRS refund schedule tells the date when the refunds will be sent out on a schedule. It must be noted that IRS refund schedule also depends on the factors that can affect the timing of your refund (discussed above). An estimated IRS refund schedule for 2020 is illustrated in the given chart:
|Filing Method||Refund Delivery Method||Time To Receive Your Refund From The Day You Filed Return|
|E-Filing||Direct Deposit||1-3 Weeks|
|E-Filing||Check in Mail||1 Month|
|Paper Filing||Direct Deposit||3 Weeks|
|Paper Filing||Check in Mail||2 Months|
What Are The Top Reasons Your Tax Refund Could Be Delayed?
The most common things that can affect the timing of your refund and delay it include the following:
- Filing an incomplete or inaccurate tax return to the IRS.
- Calculation errors in the tax return filing.
- Mismatching of Social Security Number (SSN) of the taxpayer.
- When you filed your tax return i.e. wither early or late.
- Incorrect information on Direct Deposit Option.
- Mode of return filing to the IRS i.e. either paper filing or electronic filing.
- Amendment of the tax return after filing.
- Claiming the credits that can delay refunds.
When Will I Receive My Tax Refund?
The estimated dates to receive your refund for the 2020 tax season are given in the following chart. This estimation is applicable if any tax breaks that could cause a delay are not claimed as well as complete return is filed accurately to the IRS. The estimated time to receive your 2019 tax refund in 2020 tax year is:
|If Return Is Accepted By IRS Before||Estimated Early Direct Deposit Date Will Be||Refund Check Would Be Mailed As Early As|
|January 27th||February 7th||February 14th|
|February 3rd||February 14th||February 21st|
|February 10th||February 21st||February 28th|
|February 18th||February 28th||March 6th|
|February 24th||March 6th||March 13th|
|March 2nd||March 13th||March 20th|
|March 9th||March 20th||March 27th|
|March 16th||March 27th||April 3rd|
|March 23rd||April 3rd||April 10th|
|March 30th||April 10th||April 17th|
|April 6th||April 17th||April 24th|
|April 13th||April 24th||May 1st|
|April 20th||May 1st||May 8th|
Please keep it in mind that IRS is responsible to issue your tax refund (i.e. not any other tax prep service). Therefore, use the IRS’s Where’s My Refund tool to see exactly where your refund is as your tax preparation service provider can also give you a rough idea about when will you get your tax refund.
What Happens To Refund After I E-File My Return?
After you file your return with Black Ink’s tax preparation services in USA, our tax professionals stamp the return and electronically send it to the IRS. This is known as e-filing of return and it is the IRS-recommended procedure to get fastest refund along with choosing direct deposit for refunds. In order to review taxpayer’s information, the agency takes a period of about 24-48 once the return is received in the IRS hands. The agency accepts the return if all the personal information is similar to the provided records as well as no further review of special credits or deductions is required. An email notification is sent to the taxpayer after acceptance of the return. The taxpayer can expect to receive the refund on the basis of the above mentioned estimated IRS refund schedule after confirmation. Most of the IRS refunds are sent in less than 21 days of e-filing of return with direct deposit.
What Happens When My Return Is ‘Accepted’ By The IRS?
My tax return is accepted means that the IRS has received and accepted that return after proper review and initially passed inspection. When the return is accepted by the IRS, the agency sends a confirmation notification to the taxpayer. The IRS further verifies personal information and other basic items (dependents claimed, etc.). To approve your refund, the IRS takes a few days along with in-depth evaluation of return and taxpayer’s history. Once the IRS approves your tax return, your refund amount will be transferred to your given details as per above mentioned IRS refund schedule.
Is It Better To E-File Or Mail Taxes For Fastest Refund?
In most of the cases, the IRS recommends to choose e-filing of returns as it is the fastest way to get your refunds from the IRS. Those returns that are filed electronically are received by the IRS faster as compare to the mailed returns. Thus the time in between submission of return and receiving of refund is minimized by e-filing of returns. File electronically with Black Ink and choose Direct Deposit in the options to get your fastest refund in the United States within 21 days.
What Tax Breaks Can Delay The Timing Of My Refund?
Your refund can be delayed by the IRS, if you are claiming the Earned Income Tax Credit or the Additional Child Tax Credit in the United States. Typically, these refunds are not sent by the IRS before the mid of February. It means that the IRS will send your refund most likely in the starting of March 2020. In such cases, your refund is being held by the IRS as per the latest tax law in the United States.
Should I File My Taxes Early To Get Fast Refund From IRS?
If you file your taxes as early as possible, you will get different benefits along with getting the fastest refund from the IRS. Not only this, your stress level can be reduced by having more time to pay the owed money on taxes along with getting fast refund in 2020.
How Do I Check The Status Of My Refund?
Check the status of your refund along with finding out if the IRS received your tax return by visiting the Where’s My Refund tool or the IRS2Go mobile app to check your refund online. You can also call the IRS for checking the status of your 2020 tax refund. If you are unable to check your refund status, give us a callback request to help you in your all queries regarding tax refund in the United States. So that was the 2020 IRS Schedule to get tax refund.