When Can You Expect Your Tax Refund?

American Investment Planners LLC

500 North Broadway, Suite 260, Jericho, NY 11753

(516) 932-5130 / (866) 932-5130

If you've only filed your tax return recently and were given the good news that you'll be getting a refund, we bet the next thought on your mind is, "when can I expect it?" While unfortunately we can't say you'll receive your refund immediately, the good news is that as long as everything goes smoothly, you can expect to see it soon! 

According to the IRS, most refunds are issued in less than 21 calendar days. That means at the most, you should really only have to wait about three weeks! The IRS even offers a tool called Where's My Refund? that allows you to track the status of your return and see your expected refund date. 

Is there a way to get your refund sooner than the IRS anticipates?

A frequently asked question about tax refunds is centered on calling the IRS to speed up the process. Unfortunately, calling the IRS to inquire about your refund will not help you get it any faster, so you'll need to sit tight! Unless your tax return requires further examination or processing, the "less than 21 calendar days" guideline is your safest bet to follow. However, don't forget to consider how long it takes for your bank to process direct deposits or how long it takes for you to receive your mail, as both of these can certainly impact how long it is before your refund is available for use.

Reasons why you won't see your refund in 21 days or less.

The IRS explains that the following circumstances may cause your refund to be delayed:

1. There are errors with your return.
2. Your return is incomplete.
3. Further review is required.
4. Identity theft or fraud has been noted.
5. You submitted Form 8379, Injured Spouse Allocation.

Should any of the above apply to you, the IRS will contact you via mail to discuss the need for further information.

If you have additional questions about tax refunds or have a concern about this year's tax return, please do not hesitate to contact the team here at American Investment Planners LLC at (516) 932-5130.