How to Get Your IRS Refund Faster in 2024

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How to Get Your IRS Refund Faster in 2024
How to Get Your IRS Refund Faster in 2024

Are you wondering when you will receive your tax refund from the IRS? Do you want to know how to check the status of your refund and what factors may affect the processing time? In this article, we will answer these questions and provide some tips on how to get your refund faster in 2024.

What Dates Do the IRS Release Refunds?

The IRS usually starts accepting tax returns in late January each year, with the deadline being April 15 (which can vary based on weekends or state holidays). If you file your tax return electronically and choose direct deposit, you can expect to receive your refund within 21 days of the IRS accepting your return, according to the IRS. However, some refunds may take longer due to various reasons, such as:

  • Claiming the Earned Income Tax Credit or Child Tax Credit
  • Filing a paper return
  • Filing an amended return
  • Requesting injured spouse relief
  • Filing a Form 1040-NR, Nonresident Alien Income Tax Return
  • Making an error on your return
  • Having your refund offset by certain state or federal debts
  • Having your refund applied to your spouse’s debts
  • Experiencing delays due to COVID-19, new tax law changes, or additional reviews by the IRS

To avoid these potential delays, it is advisable to file your return as early as possible, use e-file and direct deposit, and double-check your return for accuracy and completeness.

How Long Does It Take for IRS to Approve Refund?

After you file your return, the IRS will check your personal information and verify your eligibility for credits and deductions. This process, especially the approval of your refund, can take some time, usually within 21 days if you’ve e-filed, but possibly longer depending on various factors¹⁵. You can use the IRS Where’s My Refund? tool or call the IRS at 800-829-1954 to check on the status of your refund, beginning 24 hours after you e-file. The IRS will provide an actual refund date as soon as your tax return and refund are approved.

What Time of Day Does the IRS Usually Deposit Refunds?

Once your refund is approved, the IRS will send it to your bank or to you in the mail, depending on your chosen method of payment. If you opt for direct deposit, which is the fastest and safest way to receive your refund, it may take several days for your bank to process and post the deposit to your account. Some institutions will issue your direct deposit on the same business day, but the time it takes can depend on how busy your bank or credit union is⁷. If you choose to receive a paper check, it may take several weeks for your check to arrive in the mail.

How Do I Check the Status of My IRS Refund?

You can check the status of your refund within 24 hours after you e-file your return, or within 4 weeks after you mailed your return if you filed by paper. The IRS updates their system daily, usually overnight, so you can check the Where’s My Refund tool once a day for updates if you want⁶. To use the tool, you will need your Social Security or individual taxpayer ID number (ITIN), your filing status, and the exact refund amount on your return. The tool will show you your refund status in three stages: (1) Return Received, (2) Refund Approved, and (3) Refund Sent. You will also see a personalized refund date as soon as the IRS processes your tax return and approves your refund.

How Do I Check My Refund Status on a Mobile Device?

If you prefer to check your refund status on a mobile device, you can download the IRS2Go app for free from the App Store or Google Play. The app allows you to check your refund status, make a payment, find free tax preparation assistance, sign up for helpful tax tips, and more. You will need the same information as the Where’s My Refund tool to use the app.

I hope this article helps you please let me know. 😊

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