Updated for Tax Year 2024 • April 18, 2025 8:10 AMOVERVIEWIf you're eagerly awaiting your tax refund after you've filed, the timeline for receiving your refund can vary. Paper returns typically take longer than digital returns with direct deposit. Wondering how long it takes...
Taxpayers who claim theearned income tax credit(EITC) or theadditional child tax credit(ACTC) may see delays because of special rules that require the IRS to hold those refunds until Feb. 27. When to expect your tax refund Here’s an estimate of how long it can take to receive your tax...
Beginning with the 2019 tax years, amended federal returns are able to be electronically filed as long as you electronically filed the original return. If you filed your return with TurboTax, log into your account and select the tax return that you want to amend and follow the online instructi...
Tax Refund Queries:Contact the IRS directly for queries if you're wondering how long it takes to get your tax refund. Refund Anticipation:If you're expecting a tax refund, plan accordingly for its arrival. Electronic Filing Efficiency:Filing your tax return electronically can expedite the refund...
Timeline for Tax Refund If you opt for electronic filing of tax returns and choose to receive your tax refund via direct deposit in a bank account, you can expect your tax refund in 1-3 weeks as opposed to an electronic filing with a paper check via postal mail which may delay the tax...
One of the biggest reasons to file as soon as possible is to avoid tax fraud. Maryalene LaPonsieMarch 18, 2025 What to Do if You Can't Pay Your Taxes As long as you make some sort of effort to report and pay your taxes, you're not likely to get into criminal trouble. ...
How many years can you file back taxes and how long should you keep your tax returns? The statute of limitations is the period during which the IRS can assess additional taxes or the tax return can be amended to request credit or refund. Here we will discuss the time limit that applies ...
Sometimes, municipal bonds can improve after-tax returns relative to traditional bonds. Investors may also want to consider the role of qualified dividends as they weigh their investment options. Qualified dividends are subject to the same tax rates as long-term capital gains, which are lower than...
A tax return is a form filed with a tax authority that reports a taxpayer's income, expenses, and other pertinent information. It allows ataxpayerto calculate their tax liability so they may either schedule a payment or request a refund. You should keep tax returns for at least three years...
Investment fees create another drag on returns. Amutual fundcharging 1% in annual fees effectively reduces a 7% return to 6%, lengthening the doubling period from 10.3 years to 12 years. When combined with inflation, these factors can significantly impact long-term results. ...