One of the most pressing questions in the life of an early tax filer – when can I expect my tax refund to come? Before e-filing, this was always difficult to predict. First, you mail in your return. Then someone inputs all your information (and later, computers scanned in your information), then the Treasury had to issue a check, which was then mailed to you. Now, with a free IRS e-file, you can get your refund in as little as 8 days from when you file, if you elect for direct deposit.
For 9 out of 10 taxpayers, the IRS issued refunds in less than 21 days from the date the return was received last year.
Due to the 16 day government shutdown in the Fall of 2013, the IRS announced that the first day of e-Filing would be January 31, 2014.
The IRS Refund Schedule Chart
Here is a chart of when you can expect your tax refund for when the return was accepted (based on e-Filing). This is an estimate based on past years trends, but based on early information, does seem accurate for about 90% of taxpayers. Here is the information the IRS issued this year (2014): IRS Refund Information Guidelines. Also, as always, you can use the link below to get your specific refund status.
|Transmitted & Accepted||Direct Deposit Sent||Paper Check Mailed|
|Jan 31 and Feb 3, 2014||Feb 13, 2014||Feb 21, 2014|
|Feb 4 and Feb 10, 2014||Feb 21, 2014||Feb 24, 2014|
|Feb 11 and Feb 17, 2014||Feb 28, 2014||Mar 3, 2014|
|Feb 18 and Feb 24, 2014||Mar 7, 2014||Mar 10, 2014|
|Feb 25 and Mar 3, 2014||Mar 14, 2014||Mar 17, 2014|
|Mar 4 and Mar 10, 2014||Mar 21, 2014||Mar 24, 2014|
|Mar 11 and Mar 17, 2014||Mar 28, 2014||Mar 31, 2014|
|Mar 18 and Mar 24, 2014||Apr 4, 2014||Apr 7, 2014|
|Mar 25 and Mar 31, 2014||Apr 11, 2014||Apr 14, 2014|
|Apr 1 and Apr 7, 2014||Apr 18, 2014||Apr 21, 2014|
|Apr 8 and Apr 14, 2014||Apr 25, 2014||Apr 28, 2014|
|Apr 15 and Apr 21, 2014||May 2, 2014||May 5, 2014|
|Apr 22 and Apr 28, 2014||May 9, 2014||May 12, 2014|
If, for some reason, you didn’t receive your return in the time specified above, give or take a few days, you can always use the IRS’s new tool called Get Refund Status. Since the link requires personal information, here is the non-html version: https://sa2.www4.irs.gov/irfof/lang/en/irfofgetstatus.jsp.
Once you enter all your information, it will tell you what is going on with your refund.
Also, many people are concerned because they received a Reference Code when checking WMR. Here is a complete list of IRS Reference Codes.
Free Stuff For Tax Time
Tax time is a great time to get organized in your personal finance life. Here are a few free tools we highly recommend to help take control of your finances.
Personal Capital: Our first favorite free tool is Personal Capital. This is online budgeting software that keeps track of all of your accounts. If you have bank accounts and investment accounts, and are looking for a free, online way to keep track of everything, you should check out Personal Capital.
Credit Karma: Second, now is a great time to check your credit report and make sure that there are no issues. You should be checking your credit at least once per year, and tax time is a great time to do it. We recommend using Credit Karma because it’s free! Plus, Credit Karma has a lot of great tools to help you improve your credit if you need to, and they can help you monitor your credit over time.