When Will I Get My Tax Refund 2021?
When to Expect Tax Refunds in 2021?
Tax season is here and many people are wondering when they'll get their tax refund. The answer depends on several factors, including when you filed your taxes, the type of filing you did, and the status of your refund. In general, most people can expect to receive their tax refund within 21 days of filing electronically and 8 weeks if they file a paper return. However, this timeline can vary depending on the complexity of your return and the IRS's workload.
The IRS generally starts processing refunds as soon as they receive your return. The date you file your taxes also affects when you can expect to receive your refund. If you file early, you may get your refund sooner than if you wait until the end of the tax season. If you file your taxes electronically, you can expect to receive your refund within 21 days of filing. If you file a paper return, you can expect to receive your refund within 8 weeks.
What Affects the Timing of My Tax Refund?
The IRS has a few different factors that can affect the timing of your tax refund. One of the biggest factors is the complexity of your return. If you have a lot of deductions or credits, the IRS may take longer to process your return and issue your refund. Additionally, if you claim the Earned Income Tax Credit or the Additional Child Tax Credit, you must wait until mid-February for the IRS to start processing your return. This is because the IRS needs more time to review these returns.
Another factor is the IRS's workload. If the IRS is busy with other returns, your return may take longer to process. Additionally, the IRS may delay refunds if they suspect fraud or if the return is missing information. If the IRS needs more information from you, they will contact you directly.
How Can I Track the Status of My Tax Refund?
The IRS offers several ways to track the status of your tax refund. You can use the IRS's "Where's My Refund" tool, which is available on the IRS website and the IRS2Go mobile app. You can also call the IRS's Refund Hotline at 800-829-1954. You will need to provide your Social Security number, filing status, and the exact amount of your refund when you call.
In addition to these tools, you can also sign up for text or email alerts from the IRS. These alerts will notify you when the status of your refund changes. This is a great way to stay up to date on the status of your refund without having to constantly check the IRS website.
What Can I Do If I Don't Receive My Refund on Time?
If you don't receive your refund within the expected timeframe, it's important to contact the IRS as soon as possible. You can call the Refund Hotline at 800-829-1954 or contact your local IRS office. The IRS may need additional information from you to process your return, or they may need to investigate further if they suspect fraud.
It's also important to note that the IRS may take longer to process returns if they are complex or if there are errors on the return. If your return is complex, it may take up to 8 weeks to process. If there are errors, the IRS may take even longer to process your return. If the IRS needs additional information from you or if they suspect fraud, they may delay your refund even further.
Conclusion
Most people can expect to receive their tax refund within 21 days of filing electronically and 8 weeks if they file a paper return. However, this timeline can vary depending on the complexity of your return and the IRS's workload. The IRS offers several tools to help you track the status of your refund, and you can also sign up for text or email alerts from the IRS. If you don't receive your refund within the expected timeframe, it's important to contact the IRS as soon as possible.