IRS Tax Refund Calendar 2023: Direct Deposit & Check Receiving Date

IRS Tax Refund Calendar 2023: Direct Deposit & Check Receiving Date.The Internal Revenue Service (IRS) previously provided an annual refund schedule. However, for 2023, no specific IRS Tax Refund Calendar has been released.

IRS Tax Refund Calendar 2023: Direct Deposit & Check Receiving Date

For those who’ve filed their tax returns electronically, refunds are typically processed within three weeks. Based on recent trends, we’ve estimated potential dates for direct deposits and mailed checks. Read on for more details.

Methods of Receiving Your Refund

Taxpayers have two primary methods to receive their refunds:

1. Direct Deposit: This is a faster method, and if you’ve e-filed your 2022 tax return and chosen this option, you can expect your refund within 2 to 3 weeks.
2. Check: If you’ve opted to receive your refund via check after e-filing, it generally takes an additional week compared to direct deposit.

The final date to e-file your refund is April 18, 2023. After e-filing, those who’ve chosen direct deposit can expect their refund in up to 21 days. If you’ve selected the check option, it might take an additional week.

Direct Deposit Refund Timeline

Although the IRS hasn’t released a specific schedule for direct deposit refunds or announced a date for the 2022 tax return, many taxpayers have already e-filed and received their refunds. If you’ve e-filed and chosen direct deposit, you should receive your refund within 21 days. If it’s been longer than this, consider reaching out to the IRS through their official website.

Mailed Check Refund Timeline

For taxpayers who’ve chosen the check option, the refund might take up to 7 days longer than direct deposit. In some instances, it can take up to 10 days. If 4 weeks have passed without receiving your check, it’s advisable to wait a few more days before taking further action.

It’s essential to note that refunds are typically processed within 3 to 4 weeks for those whose e-filed returns are accepted within the first week. Delays might occur if the IRS hasn’t accepted your refund even after a week.

For those claiming the Earned Income Tax Credit (EITC) or Child Tax Credit (CTC), the refund process can take between 6 to 8 weeks, regardless of the chosen refund method.

IRS Tax Refund Calendar 2023: Common Questions

Q: How long does a direct deposit refund take?
A: Most direct deposit refunds are processed within 21 days of e-filing.

Q: How long does it take to receive a check after e-filing?
A: If you’ve opted for a check, it can take up to 4 weeks to receive it post e-filing.