When Will You Receive Your Tax Refund? Timeline and Updates

TLDRFind out when you can expect to receive your tax refund in 2024 and stay updated with the IRS's new refund tracker tool.

Key insights

📅The IRS aims to issue most refunds within 21 calendar days.

🔍Use the IRS's 'Where's My Refund' tool to check on your refund status.

📱The IRS has upgraded its refund tracker tool for better status updates, especially for mobile users.

Taxpayers claiming the earned income tax credit or additional child tax credit may expect refunds by February 27th at the earliest.

⚠️Inaccuracies in your return can lead to delays in receiving your refund.

Q&A

How long does it take to receive a tax refund?

The IRS aims to issue most refunds within 21 calendar days, but it may take longer for paper filers.

How can I check the status of my refund?

You can use the IRS's 'Where's My Refund' tool on their website to check on your refund status.

What improvements have been made to the IRS's refund tracker tool?

The IRS has upgraded its refund tracker tool to provide more detailed and understandable status updates, especially for mobile device users.

When can I expect my refund if I claim the earned income tax credit or additional child tax credit?

Refunds for taxpayers claiming these credits are expected by February 27th at the earliest, if filed electronically and no issues are detected.

What can cause delays in receiving my refund?

Inaccuracies in your return can lead to delays in receiving your refund, so it's important to ensure its accuracy.

Timestamped Summary

01:46In 2024, the IRS aims to reduce its backlog and hire additional staff to manage tax filings.

01:59Taxpayers claiming the earned income tax credit or additional child tax credit may expect refunds by February 27th at the earliest.

02:06The IRS's 'Where's My Refund' tool will update by February 17th for early filers of these credits.

02:20Financial institutions processing times and federal holidays may influence the timing of refund receipt.

02:25Regularly check the 'Where's My Refund' site for the most current information on your refund.