The IRS issues more than 9 out of 10 refunds in less than 21 days. TurboTax Product Support: Customer service and product support hours and options vary by time of year.
Why is TurboTax taking so long?
It’s been longer than 21 days since the IRS has received my tax return, and I have not received my tax refund. Some tax returns take longer than others to process depending on your tax situation. Some of the reasons it may take longer include incomplete information, an error, or the IRS may need to review it further.
Does TurboTax take longer to get refund?
Even if everything on your return is accurate, filing on paper means it will take longer for you to receive your refund. The IRS estimates that refunds from electronically filed returns will be sent within three weeks. It may take up to six weeks, however, to send refunds from paper-filed returns.
How long does TurboTax take to direct deposit?
9 times out of 10 Direct Deposits typically take less than 21 days. You can also track your refund by using: Our Wheres My Refund tool: https://turbotax.intuit.com/tax-tools/wheres-my-refund/
How fast does TurboTax refund?
When you file with TurboTax, your tax refunds will arrive as soon as they would with any other tax software or service. Due to IRS security measures, this may take a little longer than it has in the past. The IRS estimates that most refunds will be sent within three weeks after your e-filed returns are accepted.
Why is TurboTax holding my refund?
Why do they draw interest off of my money? TurboTax does not hold your tax refund. If you requested to have the TurboTax account fees deducted from your federal tax refund, the IRS will send the refund to a third party processor to have the fees deducted.
How do I track my tax refund?
Whether you owe taxes or you’re expecting a refund, you can find out your tax return’s status by:
- Using the IRS Where’s My Refund tool.
- Viewing your IRS account information.
- Calling the IRS at 1-800-829-1040 (Wait times to speak to a representative may be long.)
Why is it taking so long for my taxes to be processed?
In fact for the latest tax season, the IRS has already announced that there will likely be longer than usual tax refund payment delays due to the payment and processing of new stimulus payments and tax credits over the new year and existing tax code changes to combat the COVID pandemic fallout.
What time does turbo card deposit?
What time does the Turbo Debit card deposit? Turbo Debit charges bill payments and debits to your account at 1 p.m. EST. You should make sure there are enough funds in your account to handle your payments by this time each day. Direct deposit payments can vary based on the paying organization’s financial system.
How do I see pending deposits on TurboTax?
To see whether you have a pending deposit you will need to log on to your bank account and check your account. Returns are usually accepted within 48 hours, but can take up to 72 hours.
Does accepted mean my refund is approved?
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.
How can I speed up my tax refund?
4 Ways to Speed Up Your Tax Refund
- File ASAP. File your tax return as soon as possible; you’ll get your money sooner, of course, but it might also lower the odds of criminals taking your refund.
- Avoid the mail. Don’t file a paper tax return; they can take six to eight weeks to process.
- Skip the check.
- Keep track.
How long does it take to get your tax refund?
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 file your return electronically, your refund should be issued in less than three weeks, even faster when you choose direct deposit.
Can I get my tax refund early?
Tax refund advance loans are short-term loans of $200 to $4,000 you take out when you’re already anticipating a refund from the IRS. The loan amount is deducted from your refund once it’s issued. Tax refund loans may appeal to early filers who claim the Earned Income Tax Credit or Additional Child Tax Credit.