Check out the relevant information about the Tax Refund Schedule 2024: When Will Tax Refunds Be Issued in 2024? All We Know Here. The new tax season in the USA started on January 9, 2024, when the IRS began accepting e-filing for the previous year’s tax returns. If you have filled out the ITR for 2023 and are wondering about the Tax Refund Schedule, this post will surely benefit you.
Tax Refund Schedule 2024
The IRS has announced the last e-filing and in-person filing date on its official website. Tax Day is 15 April 2024, so taxpayers must file their tax return before that. Kindly ensure that the data you provide to the IRS while filing the tax return is up to date and that you provide authentic information to the officials to avoid any delay or error in the refund process.
Nothing to worry about if you have not filed the ITR for the previous year. Taxpayers can file the tax before 15 April 2024 to receive the refund on time. If you are anxious to know the Tax Refund Schedule 2024, we will share it in the next section of the post.
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When Will Tax Refunds Be Issued in 2024?
Taxpayers who have paid extra tax do not have to panic about the refund. If they have filed the refund request, they will surely get it. No specific amount is set for every individual to receive the refund. Each individual gets a unique amount determined by the tax paid. The difference will be credited to the taxpayer if more tax is paid.
A taxpayer wanting to know the estimated date for the refund can review the table we have shared below.
| Return Filed | Direct Deposit Refund Date | Mailed Check Refund Date |
|---|---|---|
| January 29 | February 16 | February 23 |
| February 5 | February 23 | March 1 |
| February 12 | March 1 | March 8 |
| February 19 | March 8 | March 15 |
| February 26 | March 15 | March 22 |
| March 4 | March 22 | March 29 |
| March 11 | March 29 | April 5 |
| March 18 | April 5 | April 12 |
| March 25 | April 12 | April 19 |
| April 1 | April 19 | April 26 |
| April 8 | April 26 | May 3 |
| April 15 | May 3 | May 10 |
The date cannot be predicted as the refund duration is determined based on the tax filing method. You may receive an early refund if you have filed the tax using the e-filing form from the official portal. Those who have visited the nearest office to file might experience a delay. The paper files are processed after the e-filing procedure is done.
Tax Refund Schedule Overview
| Article Name | Tax Refund Schedule 2024 |
| Country | United States of America |
| Provided By | Inland Revenue Service |
| IRS Return Filing Date 2024 | January 29, 2024- April 15, 2024 |
| Refund Issuing Date | Within 21 days of e-filing |
How to File Income Tax Return?
Filling out an income tax return can be hassle-free if you follow our shared guide. Here are a few general ways to follow up on online income tax returns.
- First, gather all the essential documents before e-filling to avoid the last-minute rush. Collect the employer’s W2 form and Form 1099, which will help show the crucial income information.
- Now, select a filing method. For e-filing, a taxpayer can utilize software such as TurboTax, H&R Block, or TaxAct. If your annual income is below the threshold limit, you can use the IRS free filing tool from the leading portal. We recommend using the IRS website for free filing, as using additional information on the website may lead to data theft.
- Simply create an account using tax software for online filing.
- The software will ask applicants about income, deductions, and credits. Answer them well, and do not try to mislead the authorities if you have an additional source of income.
- Recheck all the essential information for accuracy and submit the file.
All We Know
Refunds are generally made if any taxpayer has paid more tax than the actual limit. Those who have filed electronically and selected the direct deposit method for the refund can expect the refund to be credited within 21 days.
The period may vary depending on the number of applicants. If the IRS revives many applications, it will take longer than usual; otherwise, it will be refunded on time. Individuals can request an extension if they face financial crises or need extra time to file taxes. This request is typically raised to avoid the penalty for the late filing.
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