The IRS began accepting tax returns on January 27, expecting to process over 140 million individual returns by April 15. During the first week of filing, 28% of returns resulted in direct-deposit refunds. Senior fellow Janet Holtzblatt highlights that the IRS's strong position stems from recent customer service improvements. Taxpayers can track their refunds online, and the IRS recommends electronic filing and direct deposits for faster refunds, usually issued within 21 days, although additional credits may affect timing.
By the April 15 federal deadline, the IRS projects to receive over 140 million individual tax returns, with many taxpayers eager about their refunds.
Janet Holtzblatt notes that the IRS's strong position this filing season is attributed to recent customer service investments, benefiting taxpayers.
Most refunds will be issued within 21 days, and the IRS encourages electronic filing and direct deposit for quicker access to funds.
The IRS provides a tracking tool for taxpayers to monitor their refund status, showing progress through three main phases of the process.
Collection
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