The tax season is already underway, with the IRS Accepting returns For all taxpayers as of January 27. That is taking many people to resort to “Where is my refund?” The application of the fiscal agency to track when they will obtain your check.
The Americans are expected to present around 140 million returns before the deadline of April 15. Last year, approximately two thirds of the taxpayers obtained a refund, with the average check of approximately $ 3,100, according to the IRS data.
The tax refund of a home can represent its largest check throughout the year, and many consumers plan to use money for the payment of the debt, emergency savings or a large purchase. Without a doubt, although a great reimbursement may seem like an unexpected financial gain, it actually represents the income that taxpayers Be excessively to the IRS throughout the year.
That is why some financial experts describe reimbursement controls such as tax -free tax loans. However, other experts point out that tax reimbursements can act as a form of forced savings that a home may not be able to achieve, which allows these taxpayers to obtain the benefit in their annual refund.
Whatever the case, the monitoring of its reimbursement can be done through the application “where’s my refbre” of the IRS, which the agency has sought to improve in recent years. This is what you should know.
How “where is my refund?” work?
The IRS operates the “Where is my refund?” service in your websiteBut taxpayers can also use a mobile application called Irs2go in their phones or other devices. Both services will provide information about their return of 2024 approximately 24 hours after their electronic file, says the IRS.
However, people who present paper returns must wait approximately 4 weeks for their information to appear in “Where is my refund?” or the IRS2GO application.
Both services require taxpayers to enter information to track their refunds:
- Either your social security number or your identification number of individual taxpayers
- Presentation status, as a unique file or a married presentation together
- The exact amount in full dollars of your expected reimbursement of your original 2024 tax declaration
IRS monitoring services will show information about whether the agency has received its tax declaration, if the reimbursement has been approved and when the money is scheduled to land in your account.
When will I get my tax refund?
That depends on whether it has filed electronically or sent in a paper tax declaration, as well as if the IRS identifies a problem with its statement.
People who presented their yields usually receive their reimbursements in less than 21 days. In other words, a taxpayer who presented his 1040 on January 27 could receive his payment before February 17, if everything goes without problems.
However, the IRS opened its free file service on January 10, which is a program offered through tax software companies for taxpayers with adjusted gross income of $ 84,000 or less in 2024. Those that use free files could Receive your reimbursements for January. .
What can delay your tax refund?
The presentation of a paper statement can delay its reimbursement because it requires that IRS employees process them, which takes longer than electronic returns, which are largely handled by computers.
Claiming the fiscal credit of the livestock (EITC) and the additional tax credit of the children (ACTC) can also slow down a tax reimbursement. This is because, by law, the IRS cannot issue reimbursements for the statements that these tax credits have claimed before mid -February.
“The IRS hopes that most reimbursements related to EITC/ACTC will be available in taxpayers’ bank accounts or on debit cards before March 3 if they choose the direct deposit and there are no other problems with their tax declaration,” The agency saying Mondays.
Some problems can also increase tax reimbursements, as if there are mathematical errors in their return, missing or incorrect social security numbers or poorly written names, according to the IRS. While these can be innocent errors, you can make the IRS mark your return and delay your reimbursement.
What is my new 2025 tax support?
The IRS has established new tax supports by 2025, but that will not affect the statement it will submit before April 15, since 1040 reflects its income and taxes of 2024.
Every year, the IRS adjusts its tax supports and dozens of other provisions to take into account inflation. The idea is to protect taxpayers from “creep between parentheses”, when workers are pushed into higher tax bands due to the impact of cost of living adjustments aimed at compensating inflation, without a change in their standard of living.
This year’s tax supports are adjusted 2.8% higher since 2024, which represents the smallest jump in several years. Because inflation jumped during the pandemic, support settings reached 7% in 2023 and 5.4% in 2024.
Here are the new income thresholds by 2025.
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