Are you eagerly waiting for your tax refund? Well, the Internal Revenue Service (IRS) has released the federal tax refund calendar for 2024, and we have all the details you need! In this article, we’ll provide you with a comprehensive guide on when to expect your tax refund and answer some common questions.
When will the IRS start accepting tax returns for 2024?
The IRS will start accepting tax returns for the 2024 tax year on January 27, 2024. This is when you can start preparing and filing your tax return with the IRS.
When will I receive my tax refund?
The IRS issues most refunds within 21 days after the tax return has been accepted. However, if you file your tax return electronically and choose direct deposit, you may receive your refund even sooner, usually within 10-14 days.
What if I file my tax return late?
If you file your tax return after the deadline, which is typically April 15th, you may still receive a refund. However, the refund may be delayed, and you may be subject to interest and penalties.
How can I track my tax refund status?
You can track the status of your tax refund using the “Where’s My Refund?” tool on the IRS website. You’ll need to provide your social security number, filing status, and the exact amount of your expected refund.
Can I change my refund method after I’ve filed my tax return?
Yes, you can change your refund method after you’ve filed your tax return. You’ll need to use the “Where’s My Refund?” tool to do so. However, it’s important to note that changing your refund method may delay your refund.
What should I do if I haven’t received my tax refund?
If you haven’t received your tax refund within 21 days after filing your tax return, you should check the status using the “Where’s My Refund?” tool. If there’s no update, you should contact the IRS directly to inquire about the status of your refund.
What if I made a mistake on my tax return?
If you made a mistake on your tax return, you’ll need to file an amended tax return using Form 1040X. This form allows you to correct any errors or omissions on your original tax return.
Conclusion
The federal tax refund calendar for 2024 has been released, and it’s important to know when to expect your refund. By following the guidelines and using the “Where’s My Refund?” tool, you can ensure that your tax refund is processed smoothly and efficiently.