How Long Does it Take to get Tax Refund Back

One common question that you will listen during tax time is ‘how long does it take to get tax refund back?’ Consumers, especially the ones struggling with the difficult economic times, will always look forward to a financial refund boost, which will give them tax refund. However, the good news is that IRS will give you all the necessary tools from which you can check the finding status of federal tax refund.

The state refund is trickier, because for this you have to know what state agency controls the tax process. Here is some useful information on how long it takes to get the tax refund and proper channels for getting the funds back.

Federal Tax Refunds

  • One thing that will dictate the duration of getting the tax refund is how you file your taxes, through electronic filing or US mail. The slower of the two processes is filing the tax through mail. For people who mail their federal refund, the IRS will remit the tax refund six weeks after they have got the complete return. If you have filed the taxes electronically, then you will get your tax refund within six weeks.
  • The IRS has two options for receiving the federal tax refund: electronic funds transfer (also known as direct deposit) or paper check sent through email. The direct deposit method is the quicker one. You will find this option in the Federal 1040 form where consumers can choose the direct deposit option. If you need the IRS to electronically deposit the refund in more than one account, then you will have to file a separate form 8888.

How to Check on your Federal Tax Refund

  • Anyone who is waiting for checking their status on tax refund, all they have to do is check on the IRS’s ‘where’s my refund link’ (irs.gov/individuals/article/0,,id=96596,00.html) webpage where you will get the tool for requesting your information. If you want to check the refund status from phone, you can call 1-800-829-1954. The IRS will ask you to wait for three days after you filled the taxes electronically or three weeks if you have mailed them before you check the status update. For people who have filed the amended return, you will get the refund check in 8-12 weeks.

Tips on Ensuring Quick Refund

  • If the consumers eliminate the mistakes then they can ensure that they are getting their refund on time. Some of the common mistakes that people usually commit are:
    • Incorrect or missing social security number
    • Incorrect tax result, given filing status and income, was entered
    • Mathematical mistakes in figuring out the taxable income, withholding the tax payment, credit for earned income, standard deduction for blind or age 65 or above, taxable amount for the social security benefits and dependent and child care credit
    • Items entered on incorrect line, especially withholding and estimated tax
    • General mathematical errors

State Tax refund process

  • As you might know, every state has its own particular agency and rules that govern the taxation process. Most of the states have a Department of Revenue, which deals with returns and tax filings. For other states, it will be the Tax Commission, Department of Taxation or some other department. If you want to check the status of the state refund, then you will have to find the state taxation agency for your state on ‘acipa.org/yellow/yptsgus.htm’. Most of the IRS will provide tools or resources for their consumers to check their tax refund status.

Now, you will have no problems in checking your tax refund status.


Related Content:

  1. How to Calculate Tax Refunds
  2. How to Calculate your Take Home Pay
  3. How to Calculate Withholding Tax
  4. How to Calculate your Net Pay
  5. How to Calculate Payroll
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