:quality(75)/cloudfront-us-east-1.images.arcpublishing.com/elcomercio/ECOVD426FVEJ5FKAAEW4IA7ZLY.jpg "IRS: when will the 2024 tax season refunds be sent | | MIX")
The 2024 Tax Season is underway, and the Internal Revenue Service (IRS) has already begun processing returns. This year, the IRS is expecting to receive over 128.7 million individual tax returns before the April 15 deadline.
Taxpayers are encouraged to file their returns as early as possible, as this may result in a quicker refund. According to the IRS, a refundable tax credit can be obtained even if no taxes are owed, and individuals who overpaid during the year may be eligible for a refund.
For those wondering when they can expect to receive their refund, the IRS has provided some guidelines. Electronic returns can expect a deposit within 21 days, while amended and mailed returns may take longer. Refunds may also take longer if additional reviews or corrections are needed.
Taxpayers have several options for receiving their refunds, including direct deposit, paper check, prepaid debit card, mobile payment apps, and even US Savings Bonds.
To check the status of their IRS refund, individuals will need their Social Security number or individual taxpayer identification number (ITIN), as well as the exact amount of the refund in their return. The IRS advises contacting (877) 658-2972 to register a request for refund status.
Key dates to remember for the 2024 tax filing season include the start of tax filing season on January 29, the April 15 deadline for most of the country, and the October 15 deadline for applicants who have filed for an extension on their 2023 tax returns.
For those unfamiliar with the IRS, it stands for “Internal Revenue Service” and is the federal tax collection agency in the United States. It is responsible for the administration and enforcement of federal tax laws.
Taxpayers are reminded to sign their returns and ensure all necessary documentation is provided to avoid delays in receiving their refunds.