As the deadline of IRS tax return 2024 has ended which was 15 April 2024, but as everyone knows there’s an extension period (from 16 April to 15 October) for filing returns. The extension period tax return may take additional time because there will be many tax returns to be refunded by the IRS.
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When will I get my Tax Refund 2024
If you filed your tax return during the extension period for the tax year 2023, the timing of your tax refund in 2024 can vary based on several factors. The Internal Revenue Service (IRS) typically processes refunds within 21 days for electronically filed returns.
However, if you file during the extension period, which is usually by the extended deadline of October 15, there might be a slight delay due to the high volume of returns processed during that time.
On the other hand, if you opt for a paper check, it will take additional time for printing and mailing. In summary, while the standard processing time for a refund is about 21 days for an e-filed return with direct deposit, filing during the extension period may result in a slightly longer wait.
Why will my IRS tax refund 2024 be late if I filed during the Extension Period?
It’s important to ensure that your tax return is accurate and free of errors, as any discrepancies can lead to further delays. Your 2024 tax refund might be delayed if you filed during the extension period for several reasons:
Processing Time:
- Filing during the extension period means your return is processed later than those filed earlier. The IRS typically issues refunds within 21 days of receiving a return, but this timeline may be extended due to the high volume of returns during the extension period.
Mailed Returns:
- If you sent your return by mail, it takes longer to process than e-filed returns.
Errors or Incompleteness:
- Any errors or incomplete information on your return can lead to delays.
Additional Review:
- Some returns require further review, especially if they claim certain credits or deductions.
Identity Theft or Fraud:
- If your return is affected by identity theft or fraud, it may take longer to process.
Bank Referral:
- If your bank reported suspicious activity related to your refund, the IRS may need additional time.
Remember the Where’s My Refund? tool on the IRS website provides real-time updates on your refund status. Patience is key, and using electronic filing with direct deposit remains the fastest way to receive your refund.
To check the status of your refund, you can use the “Where’s My Refund?” tool available on the IRS website or the IRS2Go mobile app.
How can I check the status of my IRS tax refund 2024?
To check the status of your 2024 tax refund filed during the extension period, you can use the Where’s My Refund? tool provided by the Internal Revenue Service (IRS). Here’s how it works:
- Go to Where’s My Refund? page on the IRS website.
- You’ll need the following details:
- Individual Taxpayer Identification Number (ITIN) or Your Social Security Number (SSN).
- Your status of filing (e.g. married filing jointly, single, etc.).
- The exact refund amount as reported on your original tax return for the year you’re checking.
- Once the IRS acknowledges receipt of your return, the refund status information is typically available within:
- 24 hours after e-filing your tax year 2023 return.
- Three to four days after e-filing your tax year 2022 or 2021 return.
- Four weeks after mailing a paper return.
By checking the refund status, you will be able to check that your tax return is —
- Return Received: Indicates that the IRS has received your return and is processing it.
- Refund Approved: Confirms that your refund has been approved, and the IRS is preparing to issue it by the specified date.
- Refund Sent: Indicates that the refund has been sent either to your bank (for direct deposit) or by mail. It may take a few days to show in your bank account or several weeks for the check to arrive.
Remember that the IRS updates the tool once a day, so there’s no need to check more often. If additional information is needed to process your return, the IRS will notify you by mail.
What is the extension duration for IRS tax return 2024?
The tax deadline for most taxpayers in 2024 was April 15th. However, if you haven’t finished gathering your documents or need more time to file your return, you can get a six-month extension from the IRS, moving the deadline to October 15th, 2024. This extension allows you additional time to prepare and submit your tax return.
Keep in mind that the extension applies only to the filing deadline; it does not extend the deadline for paying any taxes owed. If you qualify for an extension, make sure to estimate your tax liability and pay any amount due by the original tax deadline to avoid possible penalties.
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