Tax season is a stressful time for many people. The process of filing taxes can be complicated and time consuming, and it can be even more stressful when a taxpayer has to wait for their return to be processed. Knowing what to do when your tax return is being processed and what to expect when a refund date is provided can help alleviate some of the stress.
What To Do When Your Tax Return Is Being Processed
When your tax return is being processed, the best thing to do is wait. The IRS typically takes up to 21 days to process a return. During this time, it is important to be patient and refrain from calling or emailing the IRS to check the status of your return. Doing so will likely slow down the process and can lead to delays in getting your refund.
If you want to check the status of your return, you can do so by visiting the IRS website and using their “Where’s My Refund” tool. This tool will provide an estimated refund date and will be updated as the IRS processes your return.
What To Expect When A Refund Date Is Provided
When a refund date is provided, it is important to note that it is an estimate and not a guarantee. The IRS can delay refunds for various reasons, including if they need to verify information or if there are errors on the return.
If you are expecting a refund and the date provided passes without receiving it, you can contact the IRS to inquire about the delay. The IRS can provide more information about why the refund has been delayed.
Additionally, it is important to note that if you owe taxes, you should still pay them even if your return is being processed. The IRS will still expect payment by the due date, and you may be subject to penalties and interest if you fail to do so. If you feel you can’t provide the tax return on time, use form 4868 to prolong the tax return’s due date.
Filing taxes can be a stressful and confusing process. Knowing what to do when your tax return is being processed and what to expect when a refund date is provided can help make the process go more smoothly and alleviate some of the stress associated with tax season.
For many individuals, tax season can be both exciting and anxiety-inducing. With anticipation that the IRS will provide a refund and the financial assistance it can provide, the wait can be nerve-wracking. However, it is important to remember that the IRS takes time to ensure accuracy and process your return.
When your refund is being processed, you may receive the phrase, “Your tax return is still being processed. A refund date will be provided when available.” This means that the IRS has received and accepted your tax return, however, it takes time to review and process it. Depending on the complexity of your tax return, the processing time may take up to 21 days. It is important to exercise patience during this period since the IRS diligently reviews and assesses refunds.
If processing has been longer than 21 days, it is advisable to contact the IRS. The IRS portal has a variety of tools such as their “Where’s My Refund? Tool” and “IRS2Go Mobile App” which can help you track your refund status. Additionally, the IRS customer service is available for any questions or troubleshooting you may have.
When you receive notification that your refund date is available, make sure to note the exact day the direct deposit will post to your bank account. The IRS takes nothing for granted and providing the exact refund date will ensure you have a better understanding of when you should expect funds in your bank accounts.
Overall, you should anticipate the IRS taking time to process your tax return. When you are not expecting your expected refund within 21 days, make sure to reach out to the IRS to track the status of your refund. When a refund date is provided, make sure to note the exact day it posts to your account. Most importantly, remember that the IRS takes its time to ensure accuracy when processing your refund.