Tax season is frequently a mix of enthusiasm and dread. As you meticulously assemble your financial documents and finish your TurboTax tax form, one burning question usually arises:
How long does it take TurboTax to mail your refund? Let’s look at the timetable and put some light on the procedure.
How Long Does it Take TurboTax to Send Refund?
If you choose to file your tax return electronically using TurboTax, you’re opting for one of the fastest and most efficient methods. Here’s how the timeline typically works:
TurboTax expedites tax return processing by submitting it electronically to the IRS. The IRS acknowledges receipt within 24-48 hours with an electronic confirmation.
The processing time is faster than paper returns, with refunds typically processed within 21 days. Refunds can be deposited directly into the bank account or received as a paper check, with direct deposit being faster.
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Filing by Mail
Filing by mail to the IRS can result in a slightly longer refund timeline, with a longer processing time due to the manual nature of the process.
The mailing time may take several days, depending on the location and processing center. However, choosing direct deposit can still result in a faster refund than waiting for a paper check.
Checking Your Refund Status
The IRS offers a “Where’s My Refund?” tool for tracking the status of your refund, whether you e-filed or mailed your return.
This tool provides real-time updates on the refund’s progress. However, the speed of your refund can be affected by errors or incomplete information, identity verification, and tax credits.
Double-check your return for accuracy before submitting it, as additional verification may be required if the IRS suspects identity theft or fraud.
Additionally, claiming certain tax credits, such as the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit, can result in longer processing times as the IRS must verify eligibility.