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  • Hello, I'm Jill from Turbo Tax with some important information about federal tax refunds.

  • There is no doubt that many taxpayers file their returns

  • before the April deadline so they can0get their tax refunds quickly.

  • But remember, the IRS does need some time

  • to process your tax return before it can issue the refund

  • And depending on how you file your return and the method of payment you request,

  • the length of time between filing your return

  • and receiving your refund can vary.

  • The IRS makes tax refund payments in three ways and allows you to choose

  • the payment method on your tax return.

  • You can request your refund to be direct deposited

  • into a maximum of three checking or savings accounts

  • or have a paper check mailed to your home.

  • And although not as popular as the first two methods,

  • you can even purchase U.S. savings bonds

  • from the IRS with your tax refund.

  • In addition, TurboTax offers you the option of having your tax refund

  • deposited directly to a reloadable prepaid VISA card -

  • without using a bank account or waiting for a paper check.

  • You'll get your refund in as fast as 7 days when you e-file.

  • Tax refunds are processed by the IRS two times per week.

  • On the first day, the IRS only processes refunds

  • that it will make through direct deposit and on the second processing day,

  • the IRS mails all refund checks

  • to taxpayers who don't choose direct deposit.

  • But this doesn't mean your refund will be processed immediately

  • after filing your tax return. When you mail your tax return,

  • it takes approximately six weeks from the date the IRS receives it

  • to process your refund, regardless of whether you

  • choose direct deposit or a paper check.

  • And if you e-file your return,

  • the processing time is cut in half.

  • Approximately three weeks from the date the IRS confirms receipt of

  • your return you should see a deposit

  • in your account or receive a check in the mail.

  • If you want to monitor the status of your refund

  • so you know exactly when you'll receive it,

  • you can access the "Where's My Refund" tool

  • on the IRS website or call its Refund Hotline.

  • When you use TurboTax to file your tax return,

  • you can also check your e-file status on our website,

  • or use our mobile app to track your refund.

  • When using the IRS's online tool,

  • it isn't necessary to check back every day.

  • The IRS only updates your refund status information

  • once per week on Wednesdays.

  • If you e-file your tax return, wait at least 72 hours

  • from the date the IRS confirms receipt of your return

  • before checking your refund status, and at least three weeks

  • if you mail the return instead.

  • Remember, there's no faster way to get your refund For more information about this and other tax topics, visit TurboTax.com.

  • than e-file with direct deposit. And TurboTax makes it easy.

  • For more information about this and other tax topics, visit TurboTax.com.

Hello, I'm Jill from Turbo Tax with some important information about federal tax refunds.

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