Does TurboTax tell you if your refund is approved?
If you used TurboTax to e-file your return, you can login to your TurboTax Online account to check the e-file status. After your tax return has been accepted by the IRS, only the IRS can tell you the status of processing that return, whether you owe taxes or are due a tax refund.
Also note that the IRS will notify you when your tax return has been accepted. If you don't receive a notification, you can check the IRS website for updates.
Expect the IRS to acknowledge your return within 24 to 48 hours. IRS Refund Timetable: Post-acceptance, the processing time typically unfolds on an IRS-determined schedule. Speedy Refund Delivery: The majority of refunds are dispatched within 21 days of e-file acceptance.
Yes! You should receive notification(s) from TurboTax (email or text, depending on what you chose when preparing your taxes through the TurboTax software). As for direct deposits, it will generally take your financial institution 1-2 business days before the money is made available to you.
- If you are receiving a tax refund, check its status using the IRS Where's My Refund tool. You can view the status of your refund for the past 3 tax years.
- If you owe money or are receiving a refund, you can check your return status by signing in to view your IRS online account information.
If you file your return electronically, your refund should be issued in less than three weeks, even faster when you choose direct deposit. You can have a refund check mailed to you, or you may be able to have your refund deposited directly into your bank account.
Taxpayers should make IRS.gov their first stop to get information on filing a tax return. There is information on Choosing a tax professional, IRS Free File, Answers to tax questions and Tips on filing a return. Taxpayers who file electronically and choose direct deposit typically get their refund in less than 21 days.
E-filed tax returns with direct deposit: E-file with direct deposit is the fastest way to get your federal tax refund. Typically, the IRS expects to issue most tax refunds within 21 days after acceptance if there are no issues.
If a taxpayer receives the status update that their tax return was accepted but not approved, this means that the IRS has received their tax return, but they have not yet evaluated the information.
Different Statuses: "Accepted" and "Processing" are two different statuses. "Accepted" refers to the status of your tax return, indicating that the IRS has received it [2]. On the other hand, "Processing" refers to the status of your refund, indicating that the IRS is still working on it [2].
How do I know if I was approved for TurboTax refund advance?
If you are approved for a Refund Advance, you'll be notified by email and the Refund Advance loan amount that you qualified for will be deposited into your Credit Karma Money™ checking account.
Note - Once a tax return has been Accepted by the IRS or a State, TurboTax receives no further information concerning the tax return or the status of any tax refund. Only the taxpayer listed on the tax return can obtain the status of a tax refund or a tax return.
It will generally mail you a notice if there is a problem with your return. An IRS agent may call you or visit your home, but usually only after sending several letters first. When an e-filed return gets rejected, the IRS will often let you know within a few hours.
Generally, once your return is e-filed you will receive an acknowledgement email within 48 hours. This email will let you know if your return was accepted or rejected. Once the IRS has accepted your return, the amount of time that it will take to actually receive a refund may vary.
You can check the status of your tax refund using Track My Refund. If your refund details state that it's still processing, you can check your tax return to see if you catch any errors. If your refund status instructs you to contact the IRS, you can speak to an agent to get clarification by calling 1-800-829-1040.
If you choose direct deposit when you file your tax return, the IRS will send your refund straight to your bank account. Direct deposit is the quickest way to get your refund. Once the IRS processes your return and approves your refund, the money can be in your bank account within a few days.
After you verify your identity and tax return information using this service, it may take up to nine weeks to complete the processing of the return. Visit Where's My Refund? or use the IRS2Go mobile app 2-3 weeks after using this service to check your refund status.
Information is updated once a day, overnight.
Date Return E-Filed | Date Direct Deposit Sent | Date Paper Check Mailed |
---|---|---|
March 25 | April 51 | April 121 |
April 1 | April 121 | April 191 |
April 8 | April 191 | April 261 |
April 15 (Filing Deadline) | April 26 | May 1 |
Tax season began on Jan. 29, 2024, when the IRS started accepting and processing 2023 tax returns. As of the week ending March 8, the agency has processed about 62 million returns and issued more than 43 million refunds. To date, the average refund issued in 2024 is $3,145.
When should I expect my tax refund 2024?
If you chose direct deposit as your refund method and your return was error-free, the IRS estimates you should have received your refund by Feb. 27, 2024.
Access your refund up to 5 days early, plus you could get your paycheck up to 2 days early when you set up direct deposit with your Credit Karma Money account.
If your refund status used to be your tax return is still being processed, but now the status says it is being processed, the IRS may have detected an issue in your tax return that could cause a delay in the release of your tax refund.
No, once the IRS accepts the return, it will not be rejected after. However, they may request additional information from you at any time. If you have received notice that the IRS accepted your return, you can be confident they have it, though that does not always mean they have processed it yet.
How long a refund is delayed depends on the issue with the return. The IRS often can correct math errors without involving taxpayers, so those refunds might be delayed just a few weeks. If there are concerns about possible identity theft, taxpayers could wait more than a year, according to the IRS.
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