After the IRS confirms your tax return, you should get your refund by direct transfer within 21 days. However, it is important to note that this is only an estimate,
and the actual time it takes to get your refund may vary depending on a number of factors, including the complexity of your return, the time of year you file, and whether or not your return contains any errors.
How Long Will it Take TurboTax to Direct Deposit?
If you have not received your refund within 21 days of the IRS accepting your return, you can check the status of your refund on the IRS website or by calling the IRS Refund Hotline at 1-800-829-1954.
Here are some tips for getting your TurboTax direct deposit faster:
File your taxes electronically. Electronic filing is faster and more accurate than paper filing, and it can help you avoid making mistakes that could delay your refund.
File your taxes early. The earlier you file, the sooner the IRS will begin processing your return and the sooner you will receive your refund.
Make sure there are no errors on your tax return. Any errors on your return can delay the processing of your return and the issuance of your refund.
Factors Affecting Refund Speed:
IRS Processing Times
The IRS processes millions of tax returns, and during the peak of tax season, this can lead to some delays. Your refund’s arrival depends on where your return falls in the processing queue.
If your tax return is more intricate, includes refundable tax credits, or requires further review, it may take longer for the IRS to process. This additional scrutiny is to ensure the accuracy of your refund.
The IRS has sophisticated systems to detect and prevent fraudulent refund claims. If your return triggers any security checks, expect a slight delay.
Weekend and Holidays
Weekends and holidays can affect the speed of your direct deposit. Banks are typically closed on weekends and federal holidays, so refunds may not process during these times.
TurboTax’s e-filing and direct deposit options speed up tax refund processing, but the exact timing depends on IRS processing times and unique return circumstances,