Income tax refunds are eagerly awaited by millions of Americans each year, but knowing when they will arrive may reduce some of the anxiety.
First, it's important to understand the timeline between filing taxes and receiving a refund check. Tax preparers who mailed their information should expect to receive their return within a six week period after their forms were received by the Internal Revenue Service, according to the Wall Street Journal. Those who filed by the April 15 deadline should have already received their returns.
Taxpayers can utilize the IRS Web site to view if the refund was sent or the date it is expected to be mailed. Americans can also find out if their check was returned to the IRS and update the mailing address the agency has on file. In order to gain this information, taxpayers can use the Where's My Refund application and provide their Social Security number, filing status and refund amount expected.
Americans look forward to receiving their refunds to pay off debts, plan a vacation, increase investments or simply have some extra money to work with. Nearly 54 percent of Americans expect to receive a refund this year, according to Bankrate.com.
Every effort has been taken to provide the most accurate and honest analysis of the tax information provided in this blog. Please use your discretion before making any decisions based on the information provided. This blog is not intended to be a substitute for seeking professional tax advice based on your individual needs.