If you file a complete and accurate paper tax return, your refund should be issued in about six to eight weeks from the date IRS receives your return.
If you filed your tax return on paper, IRS may not have gotten to it by the end of 2020. That's because after closing its processing centers for several weeks and then re-opening them with limited staff, IRS faced an enormous backlog of workâincluding millions of pieces of unopened mail and paper tax returns.
Find out if Your Tax Return Was Submitted
Reason for Tax Refund Delay: You Claim Certain Credits
According to the law, the IRS has to wait until Feb. 15 to issue a refund to taxpayers who claimed either of those credits. ... For 2020, the first refunds (if you claimed the EITC or ACTC) aren't available in taxpayer bank accounts until the first week of March.
Even though the IRS will issue most refunds in less than 21 days, it's possible that your refund has been delayed because it is stuck in processing. There are many different reasons why your refund may have not been processed yet, but the most common include: Your tax return included errors.
Eligible individuals with adjusted gross income up to $75,000 will automatically receive the full $1,200 payment. Eligible married couples filing a joint return with adjusted gross income up to $150,000 will automatically receive the full $2,400 payment.
Under the American Rescue Plan, which authorized the latest round of stimulus checks, payments are protected from all offset. That means you'll get the full amount you qualify for even if you have past-due federal or state debt, such as child support, or you owe taxes from previous years.
The 2020 IRS account transcript shows the amount and the date of the payment.
Accepted means your tax return is now in the government's hands and has passed the initial inspection (your verification info is correct, dependents haven't already been claimed by someone else, etc.). After acceptance, the next step is for the government to approve your refund.
Note that the IRS only updates tax return statuses once a day during the week, usually between midnight and 6 am. They do not update the status more than once a day, so checking throughout the day will not give you a different result. Should I call the IRS to check my federal tax refund status?
According to the government, you can request a payment trace by calling the IRS at 800-919-9835. You can either use the automated system or speak with an agent. You can also mail or fax a completed Form 3911, Taxpayer Statement Regarding Refund.
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