Tax Return 2021: how long does it take to get refund? Expected dates
It's tax filing season and you have until 15 April 2021 to file. Here's advice on how to file for free online and when you can expect your tax rebate.
Tax filing season is upon us once again; it started on 12 February and you need to take action by 15 April, as per usual. If you need an extension to this time, remember to request it via the IRS Free File request page before 15 April, or fill out the relevant form, found here.
When could a tax refund arrive?
You will usually receive your refund within three weeks of the date that the IRS receives your return, even faster if you choose to have it directly deposited into your checking or savings account.
Though there’s a notice on the IRS advice website that states that they’re having some staffing issues, so processing paper tax returns could take several weeks longer. Taxpayers and tax professionals are encouraged to file electronically.
When and how you file your tax return will also affect the timeline for the rebate, as well as the waht the refund will be sent to you. With the above caveat in mind, here are some possible timelines for when you can expect to see your money returned to you.
Here's Cnet's calculator for how much you might get in a rebate.
The "IRS Free File?" tool and how to use it
The IRS Free File Program provides two ways for taxpayers to prepare and file their federal income tax online for free:
Traditional IRS Free File provides free online tax preparation and filing options on IRS partner sites. IRS partners are online tax preparation companies that develop and deliver this service at no cost to qualifying taxpayers. Please note, only taxpayers whose Adjusted Gross Income (or AGI) is $72,000 or less qualify for any IRS Free File partner offers.
Free File Fillable Forms are electronic federal tax forms you can fill out and file online for free. If you choose this option, you should know how to prepare your own tax return. Please note, it is the only IRS Free File option available for taxpayers whose AGI is greater than $72,000.
Tracking your tax rebate
The IRS has a handy 'Where's My Refund' online tool which is updated daily, usually overnight. To log in you'll need:
Note that this year is unusual for the IRS too, so they're warning of covid-19 mail processing delays specifically if you've filed a paper tax return or have had any paper tax return related correspondence. The IRS say that they are processing all mail in the order they received it.
You should expect delays if you mailed a paper return or had to respond to an IRS inquiry about your e-filed return. You should only call if it has been:
Do not file a second tax return.
There's also a mobile app you can use to check your tax refund status called IRS2Go, which is useful if you want the information on your refund at your fingertips.
Required documentation to file your tax return
Proving your AGI: income and receipts
Affordable Care Act (ACA) filers
Valid email address required for contact
To get a notification from the Free File software company that your return was accepted by IRS, you need a valid email address, ensure to have this ready when starting.
Looking for information on how to file an Amended Tax Return?