01/31/2025
TAX ELITE NEWS YOU CAN USE ... STAY IN THE KNOW
Tax season is now underway, with the IRS accepting returns for all taxpayers as of Jan. 27. That's prompting many people to turn to the "Where's my refund?" app from the tax agency to track when they'll get their check. Americans are expected to file about 140 million returns before the April 15 deadline.
The IRS operates the "Where's my refund?" service on its website, but taxpayers can also use a mobile app called IRS2Go on their phones or other devices. Both services will provide information about your 2024 return about 24 hours after you e-file, the IRS says. The IRS tracking services will show you information on whether the agency has received your tax return, if the refund has been approved and when the money is scheduled to land in your account.
People who e-filed their returns typically receive their refunds in less than 21 days. Claiming either the Earned Income Tax Credit (EITC) and Additional Child Tax Credit (ACTC) can also slow down a tax refund. That's because, by law, the IRS can't issue refunds for returns that have claimed those tax credits before mid-February."The IRS expects most EITC/ACTC-related refunds to be available in taxpayer bank accounts or on debit cards by March 3 if they chose direct deposit and there are no other issues with their tax return," the agency said on Monday.
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