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).
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.