How Long Does It Take To Get Tax Refund 2022?
Tax season arrives every year, and for many of us, it can be a stressful time. Trying to make sense of the complex tax codes, filing forms, and getting everything done on time can be daunting. But one of the biggest concerns for many of us is the timeline for getting our tax refund. How long does it take to get tax refund 2022?
The answer to that question depends on a few factors, but the IRS has provided an estimated timeline for when taxpayers can expect their refunds. Generally, the IRS says that you should receive your tax refund within 21 days of filing your return. However, this timeline can depend on a few things, such as how you file your return and whether or not you claim certain credits.
How You File Your Return
The way you file your return can have an impact on how long it takes to get your tax refund. If you file your return electronically, it will be processed much faster than if you file a paper return. The IRS recommends filing electronically as it is the quickest and most accurate way to file. When you file electronically, you should receive your refund within 21 days.
If you choose to file a paper return, it will take much longer for the IRS to process your return. The IRS estimates that it can take up to 8 weeks for them to process a paper return. This is due to the fact that the IRS has to manually process paper returns, which can take longer than processing electronic returns.
Claiming Certain Credits
Certain credits that you can claim on your tax return can also affect the timeline for when you get your tax refund. If you claim the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC), your refund will be delayed until mid-February. This is because the IRS has to take extra time to verify these credits and make sure that they are not being claimed fraudulently.
The IRS also has to verify the identity of taxpayers who claim these credits. This is to make sure that the refund is sent to the correct person. This process can take longer than other credits or deductions, so it is important to keep this in mind.
Direct Deposit vs. Paper Check
Another factor that can affect the timeline for getting your tax refund is how you choose to receive it. If you choose to have your refund sent to you via direct deposit, you should receive it within 21 days of filing your return. However, if you choose to receive your refund via a paper check, it will take longer for you to receive it.
The IRS estimates that it can take up to 6 weeks for them to process a paper check. This is due to the fact that they have to manually process the check and mail it to you, which can take longer than direct deposit. It is also important to note that if you choose to receive your refund via a paper check, the check will be mailed to the address you provided on your tax return.
Conclusion
The timeline for getting your tax refund depends on a few factors, such as how you file your return, whether or not you claim certain credits, and how you choose to receive your refund. Generally, you should receive your refund within 21 days of filing your return if you file electronically and choose to have it sent via direct deposit. However, if you file a paper return or choose to receive your refund via a paper check, it can take up to 8 weeks for you to receive it.