Like countless Americans, you’re likely eagerly awaiting the arrival of your tax return. Whether that’s going to be added to your emergency fund, used to pay off credit card debt, or sending you on your next vacation—it is exciting. How do you know when you’re going to receive your tax return? How can you track the status of your tax refund? What can you do to receive it as early as possible? Find out here.
How to Track Your Tax Refund in 2022
Tracking your refund is simple. You’ll need your social security number or ITIN, filing status, and your exact refund amount. Click here to get your tax refund status. The IRS updates this information daily. You will find out whether your refund is received, approved, or sent. If it is processed and approved, you’ll get an estimated date of when you’ll receive the payment. If it’s been 3-weeks since you filed and you’re not able to receive your tax refund status, the IRS provides clear instructions for calling them.
How to Get Your Tax Return Fastest
It’s possible to get your tax return in as little as 3 weeks. Because of COVID disruptions, this timeline has slowed down a bit in the past couple of years. But there are a few factors within your control that can expedite the process.
The best thing you can do is file as soon as possible. The sooner you file, the sooner you get the refund. The second best thing you can do is file online. Paper returns are subject to considerably more delays and processes than electronic filing. By filing online and as soon as you’re able to, you put your return right at the front of the line.
Lastly, set up direct deposit as your payment method. By filing as soon as possible, online, and using direct deposit, you avoid the delays of moving and handling paper.
Why Your Tax Refund Might Be Delayed
You might have done everything in your power to receive your tax refund, but still experience some delays. If your return includes errors, is missing information, or needs further review, your refund will certainly take longer to process. While pandemic delays are unavoidable, you don’t want to add additional roadblocks for yourself with clerical errors. How can you avoid this?
By not preparing your tax return alone. Preparing your own tax return can be far more time-consuming and stress-inducing than it needs to be. As someone with limited resources, keeping up with tax laws and regulations is a daunting task. If you’re not already using a CPA for your tax preparation, you’ve already missed out on the benefits. Working with a CPA guarantees every mark is hit and all records are 100% accurate. Our team is regularly educated on new procedures and accounting practices. No more of your time is spent researching requirements, updates, or law changes. Contact us today for an easy, fast tax refund.