How Long It’ll Take To Get Your Tax Refund

So, tax season’s here—because joy comes in many forms, including paperwork. Last year, the average refund was about $3,100, but thanks to new tax tweaks, this year could be roughly a grand higher. Which sounds great… but when do you actually get the money?

If you file electronically and go with direct deposit, the IRS says you’ll likely see your refund within 21 days—maybe faster. Paper filers? Well, let’s just say you’ll have time to start a new hobby. You can stalk your money’s arrival via the “Where’s My Refund?” tool, which updates once a day—because suspense is apparently part of the tax experience.

Most people who qualify for the Earned Income or Child Tax Credits should see their refunds by early March. Just make sure your bank info is in there—paper checks are so last century.

Oh, and maybe don’t plan any big purchases based on refund timing. The IRS is a lot of things, but “predictable” isn’t one of them.

Learn more HERE!

Source: WTOP

Photo by Dimitri Karastelev on Unsplash