Good News: Get Your 2013 IRS Refund Status Faster
The IRS is always trying making improvements to their website. Efficiency in the refund process benefits everyone: taxpayers who know the status of their IRS refund are less likely to call the IRS, thus freeing up customer service reps for handling actual tax questions from taxpayers who need help filling out the tax return. There is strong demand from taxpayers to know when their refunds will go out. The IRS has accommodated this demand with their Where’s My Refund? page on the IRS website. For the past several years, taxpayers have used the convenient website to log in and check the status of their refunds. All that’s needed is a Social Security number, and some information from the tax return. It’s a secure login. All in all, it’s much easier to log in and check your status than to call the IRS. Besides, you don’t get any additional information by calling.
Now, they’re making the process even better. It’s faster and easier to understand.
Last Year’s Refund Status Turnaround Time
In 2012, for tax year 2011 refunds, taxpayers who wanted to know the status of refunds had to wait 72 hours after submitting their tax return electronically. For paper returns mailed to the IRS, it was weeks and weeks. They could then expect to have their refund direct deposited in 10 to 21 days. In fact, 90% of taxpayers got their refunds within this time frame.
2013 Refund Status Turnaround Time
This year, taxpayers can check the status of refunds even sooner. If the tax return is submitted electronically (as opposed to mailing it in), we can expect to have it show up on the IRS website in just 24 hours. That’s just one day, after having to wait three days last year.
Now You Can Also Track Your 2013 Refund
The IRS page will now show you a timeline tracker of the progress of your tax refund. This is new for 2013. So, once your tax return is submitted and received by the IRS, you’ll be able to watch it move through three steps of the IRS refund process:
- the IRS receives your tax return
- the IRS approves your refund after reviewing your tax return
- the IRS sends your refund out, either by direct deposit or by mailing a paper check
The timeline promises to be easy to follow and taxpayers will get personal, exact information regarding the date of their IRS refunds. Turnaround time on the actual refund is still 21 days or less for electronically submitted tax returns. Many people will get their tax refunds in about 10 days, like last year.