When will I receive my tax refund in 2024? Direct deposit and check date!

The tax season has begun, and if you have filed the tax returns, then you must be wondering when you will receive your tax refund for this year. This article will shed light on the dates, the factors that can delay your refunds, and all.

When will I receive my tax refund?

The tax refund schedule is out for this year, so you can estimate your refund timing through this schedule. 

According to the IRS usually, taxpayers can expect their refund in the next 21 days after they e-file their tax returns. It is informed to taxpayers file their tax returns electronically to make it quicker to process their refunds.

Taxpayers who have filed their tax returns with earned Income Tax credit (EITC) and additional child tax credit (ACT) can expect some delay in their refunds.

Filed Date Paper Check  Direct deposits
29 Jan 16 Feb 9 Feb
5 Feb Feb 23 16 Feb
19 Feb 8 Mar 1 Mar
26 Feb 15 Mar 8 Mar
4 Mar 22 Mar 15 Mar
11 Mar 29 Mar 22 Mar
18 Mar 5 Apr 29 Mar
25 Mar 12 Apr 5 Apr
1 Apr 19 Apr 12 Apr
8 Apr 26 April  19 Apr
15 Apr 3 May 26 Apr
22 Apr 10 May 3 May
29 Apr 17 May 10 May
6 May 24 May 17 May
13 May 31 May 24 May
May 20 7 Jun 31 May

Here, since March-April is the busiest and peak season for tax returns, taxpayers can expect some delay in their refunds during this time.

What can cause delays to your tax refunds?

There are some things that you can keep in check to ensure there will be no delays in your tax refund. 

Following are the reasons that you should look into:

  • The way you file your tax returns can influence your tax refunds. For instance, the IRS usually processes the e-filed returns within 21 days of their filing. 

And if the taxpayers have filed through a paper check it could take time to process the tax refunds as it would take time to reach the IRS.

  • The IRS has several methods by which taxpayers can get their refunds. The methods include: 
  1. Direct deposit: In this method, the taxpayers will get the refund directly in their bank accounts. It is the fastest way possible to get your refunds. To avail, of this, you need the account in your name. 
  2. Paper check: The IRS will mail your refund in the form of a check to your mail address. Hence, it could take some days to reach you.
  3. Treasury Direct: The IRS also deposits your refunds into a treasury direct, your online account where you buy savings bonds.
  4. Traditional, Roth, SEP-IRA: In this method, the IRS will deposit your refund into a traditional IRA, Roth IRA, or SEP-IRA. For this method, the taxpayers must have an existing IRA account, a rooting number, and an account number.
  • Most of the delays happen due to the incomplete filing of tax returns. Hence, make sure when you file a tax return the information is correct and accurate, so, there will be no chance of error.
  • As mentioned earlier, the additional claims like EITC and ACTC your refund can take more time than the usual refund payment. 

How to track your tax refund 2024?

The IRS has made it easy for taxpayers to track their tax refund in 2024. Here are the following ways that you can do for tracking your tax refund:

  • Go to the official website of the IRS i.e. irs.gov. Or the IRS app IRS2Go
  • Navigate to the refunds segment and look for the “Where’s my refund?” tool.
  • Now, fill in the required details such as identification number, social security number, your tax refund amount, etc.
  • Submit the details and you will see the status of your tax refund on your screen.

When can you start tracking your tax refund status?

You can start tracking your tax refund status in the following days after filing your tax returns:

  • 24 hours after the e-filing of your tax returns.
  • In 4 weeks if you have filed the tax returns via paper check.
  •  3 or 4 days if you are filing tax returns for 2022 and 2023.

Overall, your tax refunds not only depend on the IRS but also the way you file, and choose the method of your refunds. So, make sure you opt for the fastest way to get your refunds.

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