July 15 is now in the rearview mirror, and ̵1; hopefully – you have entered your taxes or . During this bizarre year 2020, the IRS postponed the deadline for both federal and state taxes from the usual April 15 date, giving taxpayers three extra months to contend with financial headwinds resulting from . If you have now submitted your tax return and expect a refund, there are a number of ways to find out how soon you will receive your money.
It is noted that there are more variables than ever that will affect your repayment this year. The IRS is struggling with limited staffing and the United States Postal Service has announced that mail delivery may be delayed. As a result, there is a chance that your tax refund will show up a little later than usual. Here are answers to some common questions about when to get your 2020 tax refund.
When will I receive my refund?
Under normal circumstances, the IRS says that refunds of taxes filed electronically take less than three weeks to land in a bank account via direct deposit. It may take a few more days if you used the e-Collect service, which directs part of the refund to the person who prepared your return. And if you have not prepared and filed your taxes online, your wait will probably be much longer – six to eight weeks for paper returns, plus several more weeks if you wait for a paper check.
How can I track my refund?
The IRS has various systems to help you track your repayment. For each of them, you must enter your social security number, the exact amount of your tax refund and your tax registration status. In general, you get a faster response with an online tool than with your phone.
- Where is my refund: This web-based tool managed by the IRS allows you to check your status 24 hours after your return has been submitted electronically – or four weeks after you have sent it.
- IRS2Go: This is the mobile app version, available for Android and iOS devices.
- IRS TeleTax: You can call the IRS at 1-800-829-4477. Be prepared for a long wait.
My tax refund takes too long
If you have been waiting for more than three weeks for a return submitted online – or eight weeks if you sent it by post – and have not yet received a refund or response, an error may occur in your tax registration. It could be a simple mistake: you may have entered the wrong social security number, forgotten to sign a form or made a math mistake. Or you may have neglected to include some documentation or necessary paperwork. If so, you must wait for the IRS to send you a notification of the error. It may not be worth calling the agency – telephone representatives can only check the status of a return, not the type of delay.
I’m worried the post office lost my tax return. What should I do?
The coronavirus pandemic has taken a toll on postmen. Back in April, the USPS announced that there would be delivery delays. If you selected tracking, you can contact the service to check the status of your package. If the carrier says it has been shipped, contact the IRS at 1-800-829-1954 and speak with an agent. If your package was dropped, you will probably need to resend your paperwork or top it up electronically.
I think my refund was lost or stolen. How can I control it?
If the IRS tracking tool shows that a refund check was sent, but more than a week has passed and you have not yet received it, it may be lost in the mail – or stolen. Call the IRS at 1-800-829-1954 and speak with a live agent. The agency can put a stop payment on the original check. If the check has been fraudulently paid, the Bureau of Fiscal Services will review your claim, investigate and send a refund if justified.
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