IRS Refund Status
Many people use their IRS tax return as a sort of savings account or bonus that they get to unlock every April. The Internal Revenue Service claims that tax refunds are generally issued in less than 21 calendar days after tax returns are received. Although this might seem like a small time frame, it's a long time to ask someone to wait for a few thousand dollars. In fact, CNN Money reported that the average tax refund for 2015 was over $2,800, which is more than what two-thirds of taxpayers make in a month.
Track My IRS Tax Refund
UPS estimates that their customers track packages an average of 2.42 times per shipment. What this means is that people are highly interested in the process of the order, as opposed to just its arrival time. Like UPS, taxpayers can also track their IRS refund status on a daily basis. The IRS has a portion of its website titled "Where's My Refund?" which directs users to the appropriate site.
What You Will Need
It requires much more than a tracking number to check your tax refund status. Since tax documents are sensitive materials, you'll need to enter the following information into your request form:
- Social Security number (or Taxpayer Identification Number)
- Filing status
- Refund Amount
More importantly, the tax refund amount can't just be an estimate. Only the exact whole dollar amount will ensure a correct report from the IRS.
As a general rule, taxpayers receive their tax refunds faster when they opt for the direct deposit option, as opposed to waiting for a check to come in the mail. One of the most effective ways to get your tax refund back in a timely manner is by making sure all information has been reviewed and approved by a tax professional. If you have questions about your IRS tax refund status, or want to prepare for a swifter tax return, talk to one of our tax professionals to get the money you deserve as quickly as possible.