How long after TurboTax says accepted will I get my refund? (2024)

How long after TurboTax says accepted will I get my refund?

Typically it takes 21 days to receive your refund after the IRS accepts your return. In the meantime, you can check your e-file status online with TurboTax.

How soon after my return is accepted will I get my refund?

We issue most refunds in less than 21 calendar days. However, if you mailed your return and expect a refund, it could take four weeks or more to process your return.

How long does it take for IRS to approve refund after it is accepted 2024?

Once the agency accepts your return, you can begin to track your refund — but keep in mind that refund processing and delivery can take up to three weeks after acceptance.

Does accepted mean my refund is approved?

“Accepted” simply means that the IRS has received your tax return. This does not necessarily mean that your tax return has been approved, and it does not mean that you will receive a refund. Your return is marked as “accepted” usually within 24-48 hours of submitting it electronically.

What happens after refund is accepted?

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.

What day of the week does IRS deposit refunds?

What days of the week can I receive my refund? The exact day of the week that the IRS will deposit your refund into your account can vary, but they usually send the refund on every business day, from Monday to Friday.

How long does it take TurboTax to direct deposit after accepted?

Remember, acceptance by the IRS doesn't mean approval of the refund yet—it just means you have made it to the starting line of the refund process. Keep an eye on the prize: most refunds, especially if you're using direct deposit, arrive within a 21-day window after acceptance.

What's the next step after accepted on TurboTax?

Start tracking your refund – About 24-48 hours after the IRS accepts your tax return, you can start tracking your refund. The IRS expects to issue more than 9 out of 10 refunds in less than 21 days upon acceptance. You can track your refund at the IRS Where's My Refund tool or by logging into your MyTurboTax account.

Why does TurboTax say accepted but IRS doesn't?

It can take anywhere from a few days to 3 weeks for the IRS to update your return status. TurboTax does not receive updates from the IRS once they have accepted your return. We can't give you an exact date or time.

Why has my refund been accepted but not approved?

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.

What day is the IRS releasing EITC refunds 2024?

should show an updated status by February 17 for most early EITC/ACTC filers. The IRS expects most EITC/ACTC related refunds to be available in taxpayer bank accounts or on debit cards by February 27 if they chose direct deposit and there are no other issues with their tax return.

How long is it taking to get tax refunds 2024?

If you file an electronic return, expect a refund and opted for direct deposit, you should get it within 21 days of filing, as long as there are no issues with your return, like inaccuracies or incomplete information, according to the IRS.

How do you know if IRS accepted your tax return?

The most convenient way to check on a tax refund is by using the Where's My Refund? tool. Taxpayers can start checking their refund status within 24 hours after an e-filed return is received. The tool also provides a personalized refund date after the return is processed and a refund is approved.

Does TurboTax tell you when 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.

Can you get audited after your tax return is accepted?

Key Takeaways. Your tax returns can be audited even after you've been issued a refund. Only a small percentage of U.S. taxpayers' returns are audited each year. The IRS can audit returns for up to three prior tax years and, in some cases, go back even further.

Do refunds go through on weekends?

The oly way you may get a payment on a Saturday is if the refund was made on a Friday and the money is processed on the very next day. Other than that, refunds are never made to financial institutions on weekends of holidays.

Does the IRS approve refunds on weekends?

Absolutely. WMR only updates once every 24 hours though.

When to expect tax refund with child credit 2024?

If you claimed the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC), you can expect to get your refund by February 27 if: You file your return online.

Does TurboTax deposit refunds early?

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.

How long does TurboTax refund advance take?

You can immediately access your Refund Advance with a virtual debit card and your physical Credit Karma Visa® Debit Card should arrive in 7-14 days. * Acceptance times vary. You could get money in seconds, most customers receive funds within 4 minutes of acceptance.

Can your refund be denied after being accepted?

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.

Should I be worried if my refund is still being processed?

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.

What is the Child Tax Credit for 2024?

The child tax credit is a $2,000 benefit available to those with dependent children under 17. For the 2024 filing season, $1,600 of the credit was potentially refundable.

Are we getting Child Tax Credit payments in 2024?

The Child Tax Credit is a tax benefit that includes both refundable and nonrefundable aspects. The maximum credit for the year 2024 is $2,000 per qualifying child who is under 17 years old on December 31, 2023. A refund of up to $1,600 can be claimed, even if no taxes are owed.

Has the Child Tax Credit been approved for 2024?

In February, the House of Representatives approved an extension of the Child Tax Credit for 2024. However, the Senate has not yet voted on the measure. The Tax Relief for American Families and Workers Act continues to be stalled in Congress.