Last Friday, February 12, was the first day to file tax returns and many have rushed to do it that same day to receive, as soon as possible, their tax refund and missing stimulus checks and money per dependent. When could they arrive?
This year the IRS began processing tax returns on February 12 and the agency has said that 90% of taxpayers will receive their tax refund within a period of no more than 21 days, especially those who filed their tax returns electronically.
Although you can still file your taxes by mail and request a paper check, the Internal Revenue Service has recommended filing taxes online as it is the fastest way to get the money from your stimulus check, for funds are deposited directly to your bank account.
The IRS assured in a statement that 90% of taxpayers will receive their tax refunds within a period of no more than 21 days and ensures that its Where's My Refund tool will reflect the status of your refund within 24 hours of filing taxes.
This means that Where's My Refund, the day after you file your tax return, could include a confirmation that your refund has been issued and, from that moment, it could take between one and three days for the money to appear in your bank account.
The IRS mentions that seven days is the fastest you could receive your tax refund and your stimulus check and that 21 days would be the longest.
These are the tentative dates your tax refund and missing stimulus check could arrive:
• If you submitted your application on February 12, you could receive the money between February 19 and March 5
• If you submit your application on March 1, you could receive the money between March 8 and March 22
• If you submit your application on April 1, you could receive the money between April 8 and April 22
• If you submit your application on April 15 you could receive the money between April 22 and May 6
• If you submit your application on October 15 (in case of submitting an extension) you could receive the money between October 22 and November 5