Tax Refund Extension Schedule 2024 for Direct Deposit and Paper Check!

The IRS has set April 15, 2024, as the deadline for most Americans to file their federal income tax returns. If you file for an extension by April 15th, you’ll have until October 15, 2024

Tax Refund Extension Schedule 2024

The deadline to file federal income tax returns for most taxpayers in the United States is April 15, 2024, as per the IRS. If you file for an extension by April 15th, you’ll have until October 15, 2024. 

This table outlines the estimated timelines for the approval and disbursement of tax refunds filed after April 15. 

Refund Filing Date Estimated Approval Date Estimated Direct Deposit Date Estimated Paper Check Arrival Date
April 16th April 21st – 23rd May 1st – 3rd May 6th – 10th
April 23rd April 30th – May 2nd May 10th – 14th May 17th – 21st
April 30th May 7th – 9th May 17th – 21st May 24th – 28th
May 7th May 14th – 16th May 24th – 28th May 31st – June 4th
May 14th May 21st – 23rd May 31st – June 4th June 7th – 11th
May 21st May 28th – 30th June 7th – 11th June 14th – 18th
May 28th June 4th – 6th June 14th – 18th June 21st – 25th
June 4th June 11th – 13th June 21st – 25th June 28th – July 2nd
June 11th June 18th – 20th June 28th – July 2nd July 5th – 9th
June 18th June 25th – 27th July 5th – 9th July 12th – 16th

Refunds are typically approved within 5-7 days, with direct deposits processed within 10 days of approval. For paper checks, recipients may expect to receive them within up to 2 weeks after approval. 

Tax Filing Deadline Extension 

The tax filing deadline for 2023 tax returns is April 15, 2024. The IRS offers a tax extension that allows you to delay filing your return.

Here’s what you need to know about the tax filing deadline extension for 2024:

  • Extension Deadline: The deadline to request a tax extension is the same as the tax filing deadline – April 15, 2024. You cannot request an extension after this date.
  • Extended Filing Date: If you file for an extension by April 15th, you’ll have until October 15, 2024 to file your 2023 tax return. This gives you an additional six months to gather your documents and complete your filing.

Filing a Tax Extension Online

If you need more time to file your return, you can request a tax extension online. The steps include:

  • Once in the “Individual Payments” section, locate the option for “File an Extension.”
  • Follow the prompts and carefully enter your Social Security number, filing status, and estimated tax liability (if owed).
  • Double-check all information entered for accuracy. Once confirmed, submit the electronic extension request.
  • The IRS website will provide confirmation upon successful submission. You may also receive an email confirmation depending on your account settings.

Factors affecting time to receive a Tax Refund

Several factors can affect the time it takes to receive a tax refund. These include:

  • Filing Method: E-filing is generally faster than paper filing, as it reduces processing time and minimises errors.
  • Errors in the Return: Mistakes or discrepancies in the return can delay the refund process, as the IRS may need to request additional information or make corrections.
  • Identity Theft or Fraud: If there are concerns about identity theft or fraud, the IRS may take extra time to verify the taxpayer’s identity, which can delay the refund.
  • IRS Workload and Processing Times: The IRS experiences peaks and valleys in activity during tax season, which can impact processing times. Filing early or very close to the deadline may result in unexpected delays.
  • Banking Delays: Occasionally, banks and credit unions may experience high-traffic periods, which can affect the swift posting of the refund to the taxpayer’s account.
  • Refund Method: Direct deposit is generally faster than receiving a paper check, as it eliminates mailing time and reduces processing time for the financial institution.

What should I do if my tax refund is delayed?

Here’s what you can do if your tax refund seems to be taking longer than expected:

Check the Expected Timeline:

  • First, verify how much time has passed since you filed your return.
  • The IRS typically processes electronically filed returns within 21 days and paper returns within 6 weeks.
  • Refer to the above table to see the estimated timelines for refunds filed after the April 15th deadline.

Take Action if Necessary:

If it’s been more than the typical processing time  and the “Where’s My Refund?” tool doesn’t offer a clear explanation for the delay, consider these steps:

  • Contact the IRS: You can call the IRS customer service line at 1-800-829-1040 to speak with a representative about your specific situation.
  • Consider a Tax Professional: If your situation is complex or you’re unsure how to proceed, consulting with a qualified tax professional can be helpful.

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