What to Expect When You're Expecting a Tax Refund
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You’ve successfully organized your tax documents and receipts to e-file your taxes fast with TaxACT. Congratulations! Now, where’s my refund? How the e-file and refund process works is a frequently asked question we get. The short answer is this… E-filing your tax return with TaxACT is easy, fast and secure. After completing the Q&A interview, TaxACT checks your return for errors and guides you through the simple e-file steps. TaxACT then transmits your encrypted tax return to the IRS over secure lines. With TaxACT e-file and direct deposit, you’ll receive your maximum guaranteed IRS refund the fastest way possible. The more detailed answer, however, in what to expect when you are expecting a refund is in the following infographic.
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What to Expect When You're Expecting a Tax Refund
- 1. vWhat to Expect When Expecting a Tax Refund
- 2. E-filing your tax return with TaxACT is easy, fast and secure. After completing the Q&A interview, TaxACT checks your return for errors and guides you through the simple e-file steps. TaxACT then transmits your encrypted tax return to the IRS over secure lines. With TaxACT e-file and direct deposit, you’ll receive your maximum guaranteed IRS refund the fastest way possible!
- 4. STEP 1: Prepare your taxes easy and fast. Regardless of whether you have simple or complex taxes, TaxACT makes it easy. We’ll guide you through hundreds of deductions and credits for your maximum refund – all you have to do is answer simple questions. TaxACT does the calculations for you and alerts you of any missing information or tax-saving opportunities you may have missed.
- 5. STEP 2: E-file your taxes for the fastest refund. For guaranteed accuracy and your maximum IRS refund the fasted way possible, e-file your TaxACT return and have your refund direct deposited into your checking or savings account. If you owe taxes, you can still e-file now and schedule your payment before April 15.
- 6. STEP 3: TaxACT sends your return to the IRS. TaxACT encrypts your return using the highest security standards and transmits it to the IRS via a secure connection for immediate processing.
- 7. The hand off. TaxACT hands your tax return off to the IRS to process your return.
- 8. STEP 4: The IRS processes your tax return. The IRS processes most tax returns within 48 hours of receiving them. If you provided your email address or cell phone number in the filing steps of TaxACT, we’ll notify you as soon as your return is processed. You can also check the status of your e- filed return by signing in to your TaxACT return, with TaxACT’s free Tax Return Status app or at efstatus.taxact.com.
- 9. Stages of your tax return status.
- 10. STEP 5: The IRS issues your refund. Upon your return being accepted by the IRS, the IRS will approve and issue your refund along with the expected refund date. Historically, the IRS has issued more than 9 out of 10 refunds within 21 days upon the IRS receiving your tax return from TaxACT. For more information, please refer to IRS Publication 2043 found at www.irs.gov.
- 11. Please note, the IRS does not share refund status information with tax preparation companies (including TaxACT). To get the status of your state refund, check with your state agency. State refund times vary. Please note, If you chose to pay for your TaxACT product fees out of your refund and/or receive your refund on a PayPower Visa Prepaid Card, please add a few additional days for the bank to process your refund.
- 12. Get the status of your e-filed return & IRS refund with the Tax Return Status by TaxACT app — anytime, anywhere.
- 13. v .com Do your own taxes. Easy, fast, free. Check your refund status now