IRS Refund Schedule 2024 – Tax Return Key Date and Filing Status

Taxpayers who file online can expect to receive their refunds within 21 days of the IRS accepting their return. The IRS will start accepting and processing income tax returns on January 29, 2024.

IRS Refund Schedule 2024

The IRS strives to complete the processing of electronic tax returns within 21 days during the 2024 tax season. Individuals filing online can anticipate receiving their refunds within 21 days from the IRS accepting their return.

The IRS will start accepting and processing income tax returns on January 29, 2024, and the deadline to file returns is April 15, 2024. Those who file between January 23 and January 28 may be eligible for a refund on February 17.

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Key Dates for IRS Refund Schedule 2024

Key dates you need to know to estimate when your IRS refund might arrive:

  • Filing Season Starts: The IRS officially begins accepting electronically-filed returns on January 29, 2024. Paper returns can be mailed starting the same day but will be processed later.
  • Filing Deadline: The deadline to file your tax return for 2023 income is April 15, 2024. You can request an extension to file by October 15, 2024, but this will also delay your refund.
  • General Processing Time: The IRS aims to process most electronically-filed returns within 21 days after receiving them. However, this timeframe can vary depending on several factors.

IRS Refund Eligibility

To be eligible for an IRS refund, you must:

  • Have filed a tax return and have overpaid your taxes. This means you paid more in taxes than you owed throughout the year.
  • Not be subject to any tax debts or offsets. If you owe the IRS money for back taxes, penalties, or interest, your refund may be used to offset those debts instead of being sent to you.
  • Not be a deceased taxpayer. If you are filing a return for a deceased taxpayer, there are special rules that apply.
  • Deductions and credits: If you claim deductions and credits on your tax return that reduce your tax liability, you may receive a refund.

IRS Refund Schedule

Tentative Refund Schedule for IRS

While the IRS hasn’t officially released a detailed refund schedule for 2024, based on previous years and their processing goals, here’s a tentative timeline:

Filing Week Direct Deposit Date Paper Check Date
Jan 29 – Feb 4 Feb 16 Feb 23
Feb 5 – Feb 11 Feb 23 Mar 2
Feb 12 – Feb 18 Mar 2 Mar 9
Feb 19 – Feb 25 Mar 8 Mar 16

How to Track Your IRS Refund 2024?

Here are the steps on how to track your refund online:

  • Go to the IRS website at https://www.irs.gov/.
  • Access the “Where’s My Refund?” feature by navigating to the “Tools” section on the right side of the IRS webpage; upon clicking, the “Where’s My Refund?” page will be displayed.
  • You’ll need to enter your Social Security number, filing status, and exact refund amount. Make sure you enter the same information you used on your tax return.
  • Once you’ve entered your information, click on the “Submit” button.

Your refund status will be displayed by the tool, along with:

  • Accepted: The IRS has received your return and is processing it.
  • Approved: Your return has been processed and your refund has been approved.
  • Sent: A cheque for your refund has been mailed to you or transferred to your bank account.

How can taxpayers avoid refund delays in 2024?

Some tips on how taxpayers can avoid refund delays in 2024:

  • File your return electronically and choose direct deposit. This is the fastest and most efficient way to get your refund. The IRS says that most electronically filed returns with direct deposit are processed within 21 days.
  • File your return early. The earlier you file, the sooner the IRS can process your return and issue your refund. The filing deadline for most taxpayers is April 15, 2024, but you can file as early as January 29, 2024.
  • Double-check your return for accuracy. Errors on your return can delay your refund while the IRS corrects them.Make sure all of your information is correct.
  • Avoid claiming the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC) if you are not eligible. 
  • Keep copies of all of your tax documents. This will help you if you need to verify any information with the IRS or if you need to file an amended return.

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