Tax Refund Update: Here’s How To Track Your Money To Get It Earlier

You will have to wait 24 hours after submitting your 2021 tax return on the official IRS website to track your refund.

Follow the progress of your tax refund once your tax return has been filed, as well as request the funds from the stimulus check that you require. This is true as long as your procedure was followed appropriately.

When to expect your tax refund?

Once you’ve successfully tracked your refund, you’ll see many legends, such as “Received,” which indicates that your return is being processed, according to Marca.

The second legend to notice is “Approved,” which means that your tax refund has been approved and is on its way to being deposited in your bank account or in the form of a check in your mailbox.

You may check directly on the IRS website under refunds, but keep in mind that you’ll need your Social Security number, marital status for the declaration, and the actual amount that will be returned to you, which will be detailed once you’ve filed your tax return.

Check your tax filing!

Per AoL, the tax filing season for this year began on January 24. However, the Internal Revenue Service (IRS) issued a statement in mid-January warning taxpayers that refunds this year may take longer than expected due to staffing shortages. The problem is added by additional filers this year who have never filed before, and a higher demand for customer service due to new programs in place.

Furthermore, the agency is still working through a two-year backlog of tax returns and customer service inquiries. The sooner you file your tax return, the more likely you are to receive your refund.

Naturally, double-check that all of the information on your tax forms is right, including your Social Security number and address. Ensure that any advance CTC payments are reconciled with IRS Letter 6419, which you should have received in January 2022.

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