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What are the 2023, 2024 Tax Refund Schedule Dates?
So, in theory, if you e-file your tax return, on the starting day of January 27th, 2024, you should receive your tax refund by February 16th or a paper check between March 9th and March 23rd.
When Can You Expect to Receive Your Tax Refund?
When do I get my tax refund is the question on everyone’s mind when tax season comes around. The good news is the IRS aims to process all e-filed tax refunds within 21 days.
But, if you claim the earned income credit or additional child tax credit, you’ll have to wait a little longer. Although it’s usually worth the wait for the additional amount of money you can get by claiming these tax credits.
These two tax credits take longer to process because of the rigorous additional checks the IRS must carry out on applications for them.
Take note these timescales are based on when the IRS receives your forms and your payment method of choice.
Filing your taxes online and opting for direct deposit as your payment method is the fastest way to get your refund.
Get Your Refund Fast With Online Tax Filing
Online tax filing is the most efficient and quickest way to receive your tax refund. Filing your taxes online also gives you the guarantee that they will help you get the largest refund possible.
Online filing services have the ability to import your W2 information into your tax return so you can avoid worrying about your forms being delivered by mail.
How Can I Check My Refund Status?
Do you want to know about your refund status? Then you can visit the IRS website. Just click ‘Check My Refund Status.’
Just enter your social security number, the refund amount shown on your return, and your filing status. This only works if you have the exact refund amount on hand, though.
If you’ve entered the information correctly, you’ll get a status update on your tax refund, so you’ll get a better idea about when your money is going to arrive.
What Should You Do with Your Refund?
Consider your financial goals if you don’t already have plans for your refund. Think about how you can use it for paying off debts, meeting your savings goals, or building your emergency fund.
You may want to put it in a high-interest savings account. These are the safest options for preserving and growing your savings fund.
Invest Your Money
Another option you may want to consider is investing. Putting your tax refund into an investment account could help you create a golden financial future for yourself.
Look into the different options for investment accounts as they all come with different qualifications.
Do you have plans for your tax refund yet?
