By Arlenys Tabare
Feb 18, 2024, 12:42 PM EST
The 2024 tax filing season began on January 29 and since then the Internal Revenue Service (IRS) has reminded 90% of taxpayers that the time in which returns will be sent is approximately 21 days after the statement.
The entity explains that The waiting period to get your tax refunds this year will depend on several factors. One of them has to do with the application for the Earned Income Tax Credit (EITC) since it can cause the shipment to be delayed until the 27th of this month.
Now, if you claimed the Additional Child Tax Credit (ACTC) and filed online and also requested direct deposit you can expect your refund before February 27; nevertheless, If problems arise during the declaration, the return will likely be delayed.
Advance statements
On the other hand, if the taxpayer submitted his return early without problems, the entity could be verifying its status since last Saturday, February 17 to send the refund.
In this case, the following must be taken into account: if you wish to receive the tax refund within the indicated 21 days, The submission must not have errors in calculations, must be accurate, and direct deposit must be requested.
Can the status of the tax refund be verified?
Refund statuses are verifiable, within 24 hours of filing taxes. The IRS provides through the online platform a section called “Where is my refund?”, personal data will be requested such as Social Security number, marital status, among others.
Finally, taxpayers should keep in mind in order to avoid heavy fines from the IRS that the deadline for filing taxes is April 15, with the exception of some states which will receive extensions for filing.
Keep reading:
- Who is eligible for a tax credit of up to $7,430 from the IRS?
- Tax season: More than 20% of taxpayers do not apply for the EITC credit, according to the IRS
- Avoid these mistakes: Tax returns that can cost you dearly