Your Tax Refund: What to Expect

Tax Refund Check
Tax Refund Check

Whether you've already filed your return or expect to wait until the last minute, the big question on the mind of everyone who expects to get money back from the IRS is when they'll receive their tax refund. But it's not just when you file your return that will control that answer: The steps you take before you file can make a big difference


The IRS does its best to get refunds out as quickly as possible. Last year, the IRS had a better than 90 percent success rate in getting refunds back to taxpayers within 21 days, and it expects to do as well this year. The IRS's online Where's My Refund? tool lets you check on the status of your refund as soon as 24 hours after it receives your e-filed return. If you do a paper return instead of e-filing, though, the IRS says not to check until four full weeks after you send it in.

To use the tool, you need to have your Social Security number, your filing status, and the exact amount of the refund you expect to get. The tool will then tell you the status of your refund.


Speed Up Your Refund

The IRS lists a number of causes for refund delays. Mistakes in Social Security numbers, addresses, and bank routing and account numbers can cause problems in tax-return processing. Moreover, the IRS looks more closely at some refunds to protect against fraud. So if you're expecting a big refund check or used unusual tax-law provisions to get a refund, it may take longer for the IRS to get it to you.


As the IRS makes clear, e-filing is one obvious way to get your refund faster. But another way is to arrange to have your refund deposited directly into your bank account.


Your tax return has spaces for you to put your banking information for direct deposit, and if you want your refund sent to more than one different account, you can use IRS Form 8888 to split it into as many as three separate payments. Given the danger of stolen or lost refund checks in the mail, direct deposit is a much more secure way to get your refund quickly.

Of course, the best way to get your refund faster is to file as early as possible. If you wait until the mad rush at the end of tax season, it'll take longer for the IRS to work through the backlog and get your money back to you.


More on Taxes at the DailyFinance Tax Center

Your resource on tax filing
Tax season is here! Check out the Tax Center on AOL Finance for all the tips and tools you need to maximize your return.
Should You and Your Spouse File Taxes Jointly or Separately?
Married couples have the option to file jointly or separately on their federal income tax returns. The IRS strongly encourages most couples to file joint tax returns by extending several tax breaks to those who file together. In the vast majority of cases, it's best for married couples to file jointly, but there may be a few instances when it's better to submit separate returns.
Read MoreBrought to you byTurboTax.com
The 10 Most Overlooked Tax Deductions
Don't overpay taxes by overlooking these tax deductions. See the 10 most common deductions taxpayers miss on their tax returns so you can keep more money in your pocket.
Read MoreBrought to you byTurboTax.com
When are Taxes Due? Important Tax Deadlines and Dates
Make sure your calendar is up-to-date with these important deadlines, dates, possible extensions and other factors in play for both individuals and businesses in 2021.
Read MoreBrought to you byTurboTax.com
Guide to Filing Taxes as Head of Household
The IRS has provided a series of guidelines to help taxpayers understand whether or not they qualify to file as head of household.
Read MoreBrought to you byTurboTax.com