When Will I Receive My IRS Refund if I Filed With eFile?
Tax time can be a highly anticipated for those of us expecting a tax refund. Some tax preparers offer rapid refund to get your tax refund immediately--issuing you a tax-refund loan--for a helfty fee. You can efile yourself and usually receive direct deposit of your refund within two weeks.
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Government Acceptance
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You can file your tax returns electronically by efile by filing your tax returns yourself or hiring a tax preparer to do it. When you efile your tax return, it can take the federal and state governments up to 72 hours to review your tax return and accept it. If there are errors on your tax return, it will be returned to you to correct.
Options for Tax Refunds
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You can opt to have your tax refund deposited into a checking account or to have a check mailed to you. Direct deposit to your checking account is the fastest way to obtain your tax refund.
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Tax Refund Processing Time
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After IRS acceptance of your tax return, your tax refund will be processed. All direct deposits are issued or checks are mailed on Friday. You can expect all direct-deposit tax refunds to be made within two weeks although it is sometimes faster. You should receive tax refund checks within 28 days.
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References
- Photo Credit tax forms image by Chad McDermott from Fotolia.com
