Posted byon February 14, 2017
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When filing tax returns, the second question everyone asks is “How long does it take to get my tax refund back?” Of course, the first question everyone asks is “How much is my refund?”
If you want to get your refund faster, opt for the direct deposit route. Not only will the IRS send your money earlier via direct deposit, but you’ll cut down on the mailing time too.
How long does it take to get your tax refund back? The IRS eliminated the refund schedules that were used in prior years for both direct deposit and mailed refunds.
The guideline the IRS is using for filing your tax return is:
Don’t count on getting your refund by a certain date to make major purchases or pay other financial obligations. Even though the IRS issues most refunds in less than 21 days, it’s possible your tax return may require additional review and take longer.
Essentially, they’re saying most people will get their refunds in less than 21 days (with the exception of the tax credit delays*), but there won’t be any schedules they will follow this year.
The IRS provides these tips to tax preparers to get the fastest tax refund:
*Delays for Earned Income Tax Credit or the Additional Child Tax Credit.
New this year, tax refunds will be delayed until February 15 if you claim the Earned Income Tax Credit or the Additional Child Tax Credit. The IRS estimates that the delayed refunds may begin to show up during the week of February 27 for direct deposit. For more see: IRS Will Delay Tax Refunds if You Claim These Tax Credits.
How long can the IRS delay your refund? See How Long Can the IRS Delay Your Tax Refund?
Share your results: How Long Did it Take to Get Your Tax Refund?