![]() In order to qualify for the full amount, you have to have earned $75,000 or less in the prior year ($150,000 or less if married). As part of this new legislation, individual workers, independent contractors, gig workers, and freelancers are immediately entitled to receive a onetime $1,200 payment ($2,400 for married couples) from the IRS, plus an additional $500 per dependent 16 years or younger. In late March, the federal government passed the CARES Act in response to the coronavirus crisis. ![]() It is important to double-check that you have entered the correct numbers, as entering an incorrect number could result in a 4-6 week delay of payment. © WASHINGTON STATE EMPLOYMENT SECURITY DEPARTMENT Remember to be patient and use the IRS's online tool for regular updates on your refund status.Be sure to include your routing number and account number, as seen in the example above. From the initial "Return Received" stage to the eagerly anticipated "Refund Sent" notification, each step represents progress toward receiving your tax refund. Understanding the stages and timelines of the IRS refund tracking process can alleviate anxiety and provide clarity during the waiting period. Patience is key, as most refunds are processed within the expected timeframe. While waiting for your refund can be challenging, it is generally advisable to contact the IRS only if it has been more than 21 days since you e-filed or if the "Where's My Refund?" tool specifically instructs you to reach out. These electronic methods are more efficient and reduce the likelihood of errors or delays associated with paper returns. To expedite the refund process, the IRS strongly recommends e-filing your return and opting for direct deposit into your bank account. This form is utilized when one spouse's portion of the refund is protected from certain liabilities. If you filed Form 8379, which is the Injured Spouse Allocation, it can take up to 14 weeks to process. The IRS implements thorough reviews for returns with these credits to prevent fraudulent claims. If you claimed the Earned Income Tax Credit or Additional Child Tax Credit on your return, your refund may experience a delay. ![]() Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC).This additional scrutiny can extend the processing time beyond the standard 21-day window. Certain tax returns may undergo additional review due to complexities or discrepancies. While this is a necessary measure, it can lead to delays in receiving your refund. In cases where the IRS suspects identity theft or fraudulent activity, they will conduct further reviews to ensure the accuracy and legitimacy of the return. Such errors can significantly prolong the processing time of your refund. If your return contains mistakes or is incomplete, it may require additional scrutiny from the IRS. Several factors can contribute to delays in receiving your refund: While the IRS aims to issue most refunds within 21 days, it's important to recognize that some returns take longer to process than others. It's worth noting that the speed of receiving your refund depends on your chosen method of payment. At this point, your refund has been sent to your bank for direct deposit or a paper check has been mailed to the address listed on your tax return. The final stage, "Refund Sent," signifies that the IRS has disbursed your refund. ![]() Additionally, the tool will provide you with an anticipated refund date, giving you a clearer idea of when to expect your money. Upon completion of the processing phase, the IRS will update the status to "Refund Approved." This stage signifies that your return has been thoroughly reviewed and approved for a refund. This stage indicates that your documents are in the IRS's hands and undergoing the necessary evaluation. When you see the message "Return Received," it means that the IRS has successfully received your tax return, and it is currently being processed. Let's delve into what each stage signifies: The "Where's My Refund?" tool navigates your refund journey through three distinct stages. However, many taxpayers often encounter a persistent message: "Your return is being processed." In this article, we will explore the meaning behind this message and shed light on the three stages of the refund tracking process. By entering your social security number or ITIN, filing status, and the exact refund amount, you gain insight into the progress of your refund. After approximately 24 hours, the IRS provides a helpful tool called "Where's My Refund?" on IRS.gov that allows you to track the status of your refund. You've successfully completed your taxes, and now you eagerly await your tax refund.
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