Where is my refund?

It’s one of the most common questions taxpayers have, and understandably so: Where’s my refund? With the average refund now amounting to a little over $3,100, according to the I.R.S., it’s no wonder people can get a little impatient waiting for that money.

When you decide how to do taxes, regardless of who prepares your taxes, it’s important to know that the time for processing refunds won’t be different. Even so, the method you use to actually file does matter for those hoping to get their refunds as quickly as possible. The fastest way to get your federal tax refund is to E-file with direct deposit.

The IRS processes 90% of these returns and issues refunds within three weeks. By comparison, mailing in a paper return can mean a six- to eight-week wait for your refund to be processed and delivered.

Are you still wondering, when will I get my tax refund in 2018? Well, the I.R.S. began accepting returns Americans file for 2017 taxes on January 29 this year. If you’re one of the taxpayers who filed right away, you could get your refund as early as a week or so from now.

Can I check on the status of my return?

The fastest option to track your refund is through the I.R.S. ‘Where’s My Refund?’ site. The ‘Where’s My Refund?’ tool will deliver personalized refund information based on the processing of your tax return. Another option is the IRS2Go mobile app. It can clue you in on the refund date once your return has been processed and approved.

If you have questions about preparing your taxes, click here to contact one of our tax professionals.