On January 29th, the Internal Revenue Service kicked off the 2024 tax season for individuals filing federal individual tax returns by accepting and processing them electronically. As soon as two-three weeks have passed depending upon when individuals file, tax refund payments should arrive with them via direct deposit whereas paper check refunds could take slightly longer to arrive in mailboxes.
When is the IRS Issuing Refunds 2024
After processing their tax returns, over 90% of refunds are issued in less than 21 days – usually via direct deposit (14-14) and paper check by mail (21-21). Please refer to our tax refund payment estimated calendar for an approximate timeline for receiving both types of refund payments.
An early tax filer with their refund directly deposited can expect it by mid- to late February; the IRS receives large volumes of submissions between mid-March and April which may delay refunds.
Tax Filing Method
Tax Refund Period
E-file & Direct Deposit
Paper File by Mail & Direct Deposit
E-file & Paper Check by Mail
Paper File & Paper Check by Mail
Legislation requires the IRS to hold refunds until mid-February; according to this estimate from the agency, taxpayers won’t see their cash until around February 27.
Keep in mind, however, that while the IRS verifies eligibility for tax credits like Earned Income Tax Credit and Additional Child Tax Credit as well as some others, filers often experience a one-month delay before their refund arrives.
Why is the 2024 IRS tax return late?
Due to various reasons, your tax return could be delayed and it’s hard to predict when this issue will be resolved. Your IRS refund could take weeks or even months longer than planned due to additional issues; these might include:
If further review is required regarding wrong information.
Fraud and identity theft have an impact on it.
Because of questionable activities, the bank forwarded it to the IRS.
It also contains a Form 8379 for an Injured Spouse Allocation, or a claim for an Earned Income Tax Credit or an Additional Child Tax Credit.
How do I find my IRS tax refund Status for 2024?
Where Is My Refund? is an effective and simple way of tracking down your tax refund and will also inform you if any inaccuracies in your return have caused it to be rejected by the IRS.
To take advantage of the IRS tracking tools, enter your Social Security number or Individual Taxpayer Identification Number; your filing status (married, single or head of household); and total amount due in whole dollars.
Access the IRS website’s “Get Refund Status” page, fill out the form, and then hit “Submit.”
You might be prompted to confirm your personal tax information and try again if you aren’t directed to a page that displays the status of your refund.
You must input the date of your tax filing, along with whether you filed electronically or on paper if everything else appears to be accurate.
When tracking a return that was mailed, wait up to four weeks, but make sure it has been at least 24 hours.
You will see one of three updates on the IRS tools describing the status of your tax return: received, approved, or sent in.
How can taxpayers in 2024 prevent delays in their refunds?
Accidentally making errors while filing in haste can result in either rejection of your tax return, or months-long delays when processing refunds in 2024. Here are a few suggestions to avoid such complications:
Select direct deposit and electronically file your return. This method of obtaining your refund is the quickest and most effective. Most electronically submitted returns with direct deposit, according to the IRS, are processed in less than 21 days.
Submit your tax return ahead of time. The IRS can process your return and issue your refund more quickly if you file early. Most taxpayers have until April 15, 2024, to file, although you can start as early as January 29, 2024.
If you are ineligible, do not claim the Additional Child Tax Credit (ACTC) or the Earned Income Tax Credit (EITC).
Make copies of every tax document you possess. This will assist you in the event that you need to file an amended return or need to confirm any information with the IRS.
Verify your return a second time for accuracy. Your refund may be delayed if the IRS finds and fixes errors on your return. Verify that all of the information you have is accurate.