2024 Tax Refund Schedule: When Will You Get Your Payments This Tax Season?

The IRS Tax Refund Calendar for 2024 outlines the key dates for tax return processing, providing clarity to taxpayers.

For electronic filers, refunds are typically received within 21 days of submission. For instance, e-filers who submit between January 23 and 28 can expect direct deposits by February 17 or checks mailed by February 24.

The IRS aims to process electronic tax returns within 21 days in 2024. This means that for those filing from January 23 to 28, potential refund dates include February 17 for direct deposit and February 24 for mailed checks. The schedule continues with each filing period corresponding to specific refund dates.

If you’re wondering about the timeline for receiving your refund, consider the IRS Tax Refund Calendar for 2023, which states that the last date to file taxes is April 15, 2024. It’s important to seek advice from a tax expert like a CPA or EA if you’ve experienced significant income changes or major life events this year.

The IRS has been processing tax returns more quickly this year, and the last week of January 2024 is typically when they begin to receive tax returns. However, the start of tax season could be delayed by a week or two if significant new tax legislation is approved at the end of the year.

When Can You Expect Your Tax Refund?

Those who file their taxes early and are entitled to a refund may receive it as early as mid- to late February. However, individuals claiming the Earned Income Tax Credit or Child Tax Credit may have a one-month refund wait while the IRS verifies their eligibility.

The IRS refund schedules for 2024 are established by the Internal Revenue Service, with refunds typically issued within 21 days of electronic submission. During the busiest filing season, many Americans expecting a tax refund can receive it by direct deposit in as little as two weeks, although there are exceptions when it may take longer.

It’s important to note that the IRS Tax Refund Schedule 2024 lists additional conditions that may affect the timing of tax refunds, including how quickly you submit and whether you are seeking certain credits.


Source: MARCA