What dies it mean when it’s say we have received your refund and it’s being processed (2024)

FAQs

What dies it mean when it’s say we have received your refund and it’s being processed? ›

Return Received – The IRS has received your return and it's being processed. Refund Approved – They've processed your return and your refund has been approved. It will also provide an actual refund date. Refund Sent – Your refund has been sent to your bank for direct deposit or a paper check has been mailed.

This means the IRS has your tax return and is processing it. Your personalized refund date will be available as soon as the IRS finishes processing your return and confirms that your refund has been approved. Most refunds are issued in less than 21 days.

Receiving an IRS message that states, “We have received your tax return and it is being processed,” after filing your federal income tax return is a positive sign that your tax fund is likely to be released on the scheduled day.

The IRS issues more than 9 out of 10 refunds in less than 21 days. However, it's possible your tax return may require additional review and take longer.

Depending on which financial institution you are with, refunds can take up to 10 business days to reflect in your bank account. If you have not received your refund within this timeframe, please get in touch with your bank.

Refund has been processed means that they have approved and are ready to send you your refund. Your return being processed mean that your tax return is being processed. Your status should change from being processed to accepted and then a date given for your refund. Keep checking each day for that.

Use the IRS Where's My Refund tool or the IRS2Go mobile app to check your refund online. This is the fastest and easiest way to track your refund. The systems are updated once every 24 hours. You can contact the IRS to check on the status of your refund.

Refund processing by the tax department starts only after the return is e-verified by the taxpayer. Usually, it takes 4-5 weeks for the refund to be credited to the account of the taxpayer.

Assuming there are no issues identified, the return is processed, and if a refund is appropriate, it will be made either as a direct deposit if the taxpayer provided their bank routing information, issued as a check, or loaded onto a prepaid debit card.

Request an expedited refund by calling the IRS at 800-829-1040 (TTY/TDD 800-829-4059). Request a manual refund expedited to you.

What does "we have received your tax return and it is being reviewed" mean? ›

Why is my return being reviewed? While we accept most tax returns as filed, we select some for examination. The IRS examines some federal tax returns to determine if income, expenses, and credits are reported accurately.

While a person can choose direct deposit whether they file their taxes on paper or electronically, a taxpayer who e-files will typically see their refund in less than 21 days.

Day of the week for IRS refund deposits

The IRS typically processes tax refunds and executes direct deposit transactions within 21 days after accepting your tax return. It's common for the IRS to issue refunds on business days, from Monday through Friday.

Received means your return is being processed. Approved indicates your return has been accepted and your refund amount is approved. Sent confirms that your refund is being direct-deposited into your bank account or mailed to you as a check.

Taxpayers whose tax returns have been flagged for possible identity theft should receive one of the following letters: Letter 5071C, Potential Identity Theft during Original Processing with Online Option – Provides online and phone options and is issued most widely.

I was told that still processing meant your return is still being processed.....and if it says your return say it is being processed that your return is complete and awaiting approval.

An incomplete return, an inaccurate return, an amended return, tax fraud, claiming tax credits, owing certain debts for which the government can take part or all of your refund, and sending your refund to the wrong bank due to an incorrect routing number are all reasons that a tax refund can be delayed.

Refund Sent

Updates to refund status are made once a day — usually at night. Even with the January 30 opening of the tax season, we expect refunds to be issued within normal timeframes. The IRS issued more than 9 out of 10 refunds to taxpayers in less than 21 days last year.

Under Processing. This implies that your Income-tax Return is still not processed. It is under process. Further, no need to worry if you have e-verified or sent your signed ITR V by post as it will definitely be processed by the department sooner or later and then you will receive a refund.