TurboTax is now expecting tax returns, which entirely means you are one step closer to receiving, maximum tax refund. The IRS started accepting e-filed tax returns on January 19th– but what happens after that? For getting the queries resolved easily, you can contact TurboTax Phone Number also to get the best results. Here in this blog we will see the results that come out when you are expecting a federal tax refund:
- Begin checking status 24 to 48 hours after IRS receives e-file:
Once the IRS receives the e-filed tax return, you can use the IRS Where’s my Refund? It is basically a tool to track your federal tax refund status. The tool will show “Return Received” once the IRS begins processing the tax return. Most importantly you will not see a refund date until the IRS finishes processing and approves the tax refund.
- Status change to “Refund Approved”:
Now the status will change from “Return Received” to “Refund Approved.” It can take a few days to get changed or could take longer. So check back often and be patient. The IRIS will provide personalized refund date once the status changes to “Refund Approved.” The IRIS expects to issue 9/10 federal tax refunds within 21 days of acceptance if you e-file with direct deposit.
- Status change to “Refund Sent”:
If the status in Where’s my Refund? Displays “Refund Sent”, the IRS has sent the tax refund to your financial institution for direct deposit. It can usually take up to five days for the bank to deposit funds into the respective account. By mail, you may receive the tax refund after several weeks.
E-file with direct deposit is the fastest way to get tax refund. If you mailed a paper tax return, you can start checking the status of the tax refund about four weeks after sending the same. For any assistance or support regarding any tax related issue, the TurboTax customer Service number can be contacted.