The IRS reminds taxpayers that about 90% of filers will get their refunds in less than 21 days. However, you may be part of the filers who need to wait a little bit longer.
This will depend on a lot of factors that could delay your tax refund in 2024. Those who claimed the EITC Earned Income Tax Credit have a different rule by law. Most EITC beneficiaries will not get their tax refund until February 27.
If you filed early, the IRS says you should check your status on February 17. Some early filers may get their tax refund and EITC before February 27. Online filing, requesting a direct deposit, and an accurate return are essential though.
WHEN WILL THE IRS RELEASE MY TAX REFUND IF I GET ACTC?
The IRS announced that if you claimed the ACTC (Additional Child Tax Credit), you could expect your 2023 tax refund by February 27. Of course, this is only if you filed your return online. But not just that.
Apart from filing online, you must have requested a direct deposit. Of course, if there are issues with your tax return, there will be delays.
Some taxpayers send inaccurate tax returns and they make mistakes doing the math. That is why it is important to double-check your return before filing. Or the IRS may have to review it.
HOW CAN I CHECK THE STATUS OF MY TAX REFUND?
The Internal Revenue Service encourages taxpayers to use the “Where is my refund?” tool. It is available on IRS.gov.
Basically, what you need is Internet access, your filing status, the exact whole dollar refund amount, and your Social Security Number.
Do not forget that you can check the status of your tax refund within 24 hours after filing. So once the IRS receives your tax refund, wait for one day.
