Tax Refund Status: Checking Easily and Hassle Free

Have you checked your Tax Refund Status in this tax season by using the “Where’s My Refund?” tool? Taxpayers are anxious to find out the status of their tax refund more than ever this year: a new law requires the Internal Revenue Service (IRS) to wait until February 15, 2017, to issue tax refunds to taxpayers who claimed the earned-income tax credit (EITC) or the additional child tax credit (ACTC).

Tax Refund Status, Income Tax Refund Status, IRS Tax Refund Schedule,

People nowadays, checking their tax refund is very important because they need to figure it out if that money has been remitted by their employer. Nevertheless, a lot of people are working harder to get a salary high but there is also a lot of extra and mandated deduction of your salaries given by your employer base on your salary rate. Trying to find some ways to check your tax remittance and unfortunately, you’re lack of time to do this. The good news is that you don’t have to be left in the dark in regards to the status of your refund.

The IRS has a great tool on their website that allows you to instantly check on your tax refund status. Meanwhile, if you’re sure you should have received your refund by now, but it hasn’t arrived, the IRS also has a procedure for tracing missing refunds. The easiest way for you to receive your tax refund is through direct deposit (electronic transfer of funds directly into your bank account). This also is the safest method, since you don’t need to worry about a paper check getting lost in the mail, misplaced once you have it in hand, or stolen.

Limitations of IRS For Direct Deposits

However, the IRS doesn’t allow more than three direct deposits into the same bank account per tax year, so you may have no choice but to get a paper check. In addition, you may have other reasons for wanting a paper check. If your paper check is missing, you can ask the IRS to trace it by calling (800) 829-1954, or by filling out Form 3911 (note that those who filed as married filing jointly need to start with the form). The IRS will determine if the check was cashed. If it wasn’t, then the agency will issue a replacement check. If it was cashed, then the agency will create a claims package that includes a copy of the endorsed, cashed check.

How To Check Tax Refund Status

Following a review of the information (including the signature on the back of the cashed check), the agency will decide whether or not to issue a replacement check. Expect this process, which is run through the IRS Bureau of the Fiscal Service, to take about six weeks. You can check the status of your tax refund using the app within 24 hours after the IRS has acknowledged receipt of your e-filed tax return or 4 weeks after you mail a paper tax return. There’s no advantage to checking several times throughout the day: the IRS only updates the site once per day, usually overnight. Check Status here.

The IRS Just Announced The First Day to File Taxes 2017

Paying taxes is a paramount part of our society as it is the backbone of all the social services that we avail. Our community clearly understands the importance, and this is why so much attention and hype is provided to the annual tax filing activity. Knowing the schedule of tax filing is critical as this is something that you don’t want to put off until the last minute. With national and international media and now the internet covering the annual tax filing activity, there is no shortage of information about the dates and the process. We have gathered some important information that should prove to be extremely useful to you during the tax filing 2017. The first thing you need to know is that IRS has officially announced the first day to file taxes 2017. The date is 23rd January, and we highly recommend you keep it marked on your calendar.

Paper and E-Filing

The IRS has two different ways of receiving tax filing documentation from the taxpayers. One is the old system of filing taxes on papers and the new more convenient one i.e. E-Filing. The paper submission gets started a little earlier, but one thing must be kept in mind. There is virtually zero difference between filing your taxes on paper or through the e-filing system of IRS. Therefore, if you have an internet connection, only mark the first day to file taxes 2017 on your computer and set a reminder to file your taxes online immediately from any suitable website. The e-filing would allow you to submit your tax filing documents at the comfort of your home on the very first day to file taxes 2017.

The first day to file taxes 2017, IRS Eefile,

Delays Expected

While the first day to file taxes 2017 has already been set, another announcement also came along this year. The Internal Revenue Service has announced that there is a delay to be expected by tax filers in the refunding against their claims. This information has been provided before the start of tax filing period to ensure that no taxpayers are caught by surprise when they don’t receive their refunds timely. With that information out, people are wondering if it is really a good idea to file their taxes on time or wait a little while. With a sufficient amount of extension time available, we urge our readers to hold off the filing of their taxes this year. This would help minimize the time that you would require to get your refunds after first day to file taxes 2017.

Refund Period

After having filed your taxes right on the first day to file taxes 2017, the biggest concern for everyone is to get their refunds. The first thing that you need to know is that refunds are only available within the first three years of having filed your taxes. After this period has passed, you can no longer claim a rebate against your filed taxes even if you are completely eligible. So this year use the first day to file taxes 2017 as your starting point to figure out a way to claim your refunds on time.

While The First Day of Filing Taxes in 2017 is the same for everyone, there are different deadline dates for each category of tax filers. Make sure you know where you fall and then ensure timely submission accordingly

Do you like to get help to file the taxes? There are Top 10 Accounting Firms are doing already the same thing. So you don’t need to worry about anything. You can find me here Top 10 Accounting Firms

Share via