IRS Tax Refund 2024 Updates: Check the FAQ and answers
IRS Tax Refund 2024 Updates: Check the FAQ and answers
<nav><a class="how-link" href="#nav_1">Why is my tax refund smaller this year?</a><a class="how-link" href="#nav_2">When will I get my tax refund 2022?</a><a class="how-link" href="#nav_3">How to get my IRS refund faster?</a><a class="how-link" href="#nav_4">How to check my tax refund status?</a></nav> <h3>Tax Refund Calendar 2024</h3> <ul> <li><strong>Jan. 13:&nbsp;</strong>IRS Free File opens</li> <li><strong>Jan. 17</strong>: Due date for tax year 2022 fourth quarter estimated tax payment</li> <li><strong>Jan. 23:</strong> IRS begins 2024 tax season and starts accepting and processing individual 2022 tax returns</li> <li><strong>Jan. 27:</strong> Earned Income Tax Credit (EITC) Awareness Day, to raise awareness of valuable tax credits available to many people</li> <li><strong>Apr. 18:&nbsp;</strong>National due date to file a 2022 tax return or request an extension and pay tax owed due to the Emancipation Day holiday in Washington, D.C.</li> <li><strong>Oct. 16:</strong> Due date to file for those requesting an extension on their 2022 tax returns.</li> </ul> <h3 id="nav_1">Why is my tax refund smaller this year?</h3> <p>On the one hand, there were no economic impact payments in 2022, so you won’t get an extra stimulus payment in your 2024 tax refund checks. On the other hand, expanded tax credits, such as the child tax credit, the earned income tax credit, the child and dependent care credit, will also return to 2019 standards.</p> <h3 id="nav_2">When will I get my tax refund 2022?</h3> <p>Taxpayers should expect to receive their 2022 tax refund within 21 days of submitting their return as long as they file electronically, choose direct deposit and don’t encounter any issues with their tax like inaccurate or incomplete information.</p> <p><strong>One more thing to notice:</strong> Most EITC/ACTC related refunds will be available starting February 28.</p> <h3 id="nav_3">How to get my IRS refund faster?</h3> <p>For the purpose of having a smooth filing experience and getting tax refunds faster, here are some tips to help you with the 2024 tax season:</p> <ul> <li><strong>Have the right information before filling.</strong>&nbsp;Organize and gather 2022 tax records including Social Security numbers, Individual Taxpayer Identification Numbers, Adoption Taxpayer Identification Numbers and this year's Identity Protection Personal Identification Numbers valid for calendar year 2024.</li> <li><strong>File electronically.</strong>&nbsp;Taxpayers are encouraged to file electronically once they have all the information they need to complete an accurate return.</li> <li><strong>File accurately.</strong> An accurate tax return can help you avoid processing delays or later IRS notices.</li> <li><strong>Get a refund via direct deposit.</strong> The best and fastest way to receive your tax refund is to combine direct deposit with electronic filing. Your tax refund will be&nbsp;electronically deposited for free into your financial account.</li> <li><strong>Always double check your tax return.</strong> It’s critical to review your tax return, including all of your personal information to ensure that everything is accurate.</li> </ul> <h3 id="nav_4">How to check my tax refund status?</h3> <p>Taxpayers can start checking on the status of their refund within 24 hours after e-filing a tax return or 4 weeks after mailing a paper return. To check the status of your refund, what you need to provide is your Social Security or taxpayer ID number, filing status as well as&nbsp;the exact refund amount on your return.</p> <p>Whether you owe taxes or you're expecting a refund, you can check the status of your tax refund by:</p> <ul> <li>Using the IRS2Go app, the official mobile app of the IRS. You will be able to see if your return has been received, approved and sent after logging in.</li> <li>Using the <strong>IRS Where’s My Refund tool</strong>. Go to the Get Refund Status page, enter your personal data, and you'll be taken to a page that shows your refund status.</li> <li>Calling the IRS at 1-800-829-1040 for help.</li> <li>Looking for emails or status updates from your e-filing website.</li> </ul>