How to Get Your Tax Refund Quickly This Year
By Tax season is finally here and many taxpayers are eager to receive their refund. While the IRS generally issues most refunds within 21 days of filing, there are several things you can do to ensure you get your refund as quickly as possible.[0]
TurboTax Refund Advance is one option for those who don’t want to wait for their refund.[1] This loan is secured by your tax return, and you can receive up to $4,000 of your expected federal refund within 15 minutes of your tax return being accepted by the IRS.[2] Funds are deposited in a Credit Karma Money account and you can access them immediately with a Credit Karma Money virtual debit card.[2]
Of course, if you don’t meet TurboTax’s requirements or prefer using different tax software, there are alternatives.[1] It typically takes the IRS about six to eight weeks to process paper returns and issue refunds.[0] By filing your taxes electronically and opting for direct deposit, you can get your refund within three weeks or less.[3]
To get the most accurate estimate of when to expect your refund, use the “Where’s My Refund?” tool on the IRS website or via the IRS2Go mobile app.[0] You’ll need to provide your Social Security number, filing status and exact refund amount.[4]
If you’re not getting your refund as fast as you expect, there may be errors in your return or it may need additional examination.[4] The Internal Revenue Service (IRS) will communicate with you through the U.S. Postal Service.[4]
Due to April 15 being a Saturday, the cutoff date for submitting income tax returns this year is April 18.[3] The Internal Revenue Service (IRS) has set the deadline for filing taxes to the day after April 17, as it is an observed holiday in Washington, D.C.[5]
To ensure you get your refund as quickly as possible, file your taxes electronically and choose direct deposit.[3] This will help speed up the processing time and reduce errors.
Finally, don’t wait until the last minute to file your taxes. The earlier you file, the earlier you’re likely to receive your refund.[0] By filing your taxes early, you can help lower the chances of becoming a victim of identity theft since it gives fraudsters less time to file a bogus return with your details.[6]
Tax season can be overwhelming, but understanding how to get your refund quickly can help make the process easier.[1]
0. “Want your tax refund faster? Here's what to do” Toledo Blade, 12 Feb. 2023, https://www.toledoblade.com/business/personal-finance/2023/02/12/tax-refund-faster-what-to-do/stories/20230212041
1. “TurboTax Refund Advance: What It Is and How It Works” GOBankingRates, 15 Feb. 2023, https://www.gobankingrates.com/taxes/refunds/turbo-tax-advance/
2. “How to get your 2023 tax refund today (yes, really)” CBS News, 21 Feb. 2023, https://www.cbsnews.com/essentials/heres-how-to-get-your-2023-tax-refund-early-2023-02-21/
3. “When Will You Get Your Tax Refund? Here’s When To Expect That Check in 2023” AOL, 21 Feb. 2023, https://www.aol.com/finance/tax-refund-expect-check-2023-120009490.html
4. “Tax Refund: What To Do If Yours Doesn’t Show Up in a Timely Manner” Yahoo Life, 14 Feb. 2023, https://www.yahoo.com/lifestyle/tax-refund-yours-doesn-t-120021152.html
5. “How Illinois Residents Can Check Their Tax Refund Status” NBC Chicago, 13 Feb. 2023, https://www.nbcchicago.com/news/local/how-illinois-residents-can-check-their-tax-refund-status/3071369
6. “IRS Refund Deposit: What days of the week do they deposit tax refunds?” Marca, 21 Feb. 2023, https://www.marca.com/en/lifestyle/us-news/personal-finance/2023/02/21/63f4d8d922601d3e598b45b4.html
