When is irs sending out refunds

The following chart includes estimated dates you could receive your refund for the tax season if you have submitted everything correctly and are not claiming any tax breaks that could cause a delay. After you submit your return with TaxSlayer , we time stamp your return and electronically send it to the IRS. Your return is now in the hands of the IRS.

They typically take the next to review your information to make sure it is correct. You should receive an email notification once your return is accepted. After you receive confirmation, you can expect to receive your refund based on the estimated schedule above.

When you receive confirmation that the IRS accepted your return, it means that they have reviewed your return, and it has passed their initial inspection. They verify your personal information and other basic items, like if your dependents have already been claimed by someone else. Then they have a few days to approve your refund. They will take a more in-depth look at your return and your history. After the IRS approves your return, they will fund your refund based on the schedule mentioned above.

In most cases it is faster to file your return electronically. File electronically with TaxSlayer and choose direct deposit to receive your refund sooner. Once your refund reaches the third stage, you will need to wait for your financial institution to process a direct deposit or for a paper check to reach you through the mail. Deciding how to spend, save or invest the money in advance can help stop the shopping impulse from getting the best of you. Your refund is yours to use how you see fit and can be used to help pay for day-to-day expenses or invested for long-term financial stability.

Looking for inspiration? Bankrate offers five smart ways to invest your tax refund. How We Make Money. Michelle Black. Written by. Michelle Lambright Black is a credit expert with over 19 years of experience, a freelance writer and a certified credit expert witness. In addition to writing for Bankrate, …. Edited By Lance Davis.

Edited by. Lance Davis. Lance Davis is the senior editorial director for Bankrate. Lance leads a team responsible for creating educational content that guides people through the pivotal steps in their …. Reviewed by. On Monday, the Internal Revenue Service said it recently sent roughly , refunds to taxpayers who paid taxes on unemployment compensation that ended up being excluded from income for tax year after a key but limited change in the federal income tax rules.

This is the latest round of refunds being issued to many who filed their taxes before an abrupt change in the tax rules. That change only applied to jobless benefits received in — not According to the IRS, plans are in the works to issue another batch of these types of refunds before the end of this year. The IRS said this review process is nearly complete. More: Monday is a key day for making changes regarding child tax credit.

Key Points. Direct deposit will start July 14, and those delivered via paper check will begin July More refunds will continue throughout the summer, the IRS said. VIDEO