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Income Tax

Chart Shows When To Expect Income Tax Refunds in 2017

2017 IRS tax refund schedule. Where's your income tax refund? When will the IRS send you your tax refund either by mail or by direct deposit? We've got the answer.

Isaac M. O'Bannon

Nov. 09, 2016

For the 2019 version of this article, “How fast can you get your 2019 income tax refund,” — Click here: http://www.cpapracticeadvisor.com/12437211

 

If you’re one of the millions of Americans who are asking, “When can I expect my income tax refund?” we have the answer. It depends on a couple of things, but the good news is that there are several tools to help find out.

[For the 2018 IRS estimated income tax refund schedule, go here: www.cpapracticeadvisor.com/12370552].

[For the latest information on deductions and tax brackets in the 2018 GOP tax reform, go to this article: www.cpapracticeadvisor.com/12387105]

First of all, taxpayers who use a professional, such as a CPA or EA, can ask that professional for an estimated date. Taxpayers who’ve already filed can also go to the Internal Revenue Service’s website, which has a tool designed specifically for that called, “Where’s My Refund?”

There are also apps for Apple, Android and other devices that help track refund status.

Note: The IRS will start processing most returns on January 24, but will not start processing returns with the Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC) until Feb. 15, 2017.

 

 

 

The IRS will begin processing tax returns on January 24, 2017, for taxes paid/owed in 2016. In general, the IRS says that returns with refunds are processed and payments issued within 21 days. For paper filers, this can take much longer, however. The IRS and tax professionals strongly encourage electronic filing.

How quickly a taxpayer receives a refund also depends on when they file and whether they have requested a direct deposit of their refund, or a paper check. This is because during some time frames there is increased traffic, with more filers getting their forms in. The busiest time, and which can experience longer waits on refunds, is usually for those who file in the last week before the April 15 deadline.

The chart above provides a general estimate of when taxpayers can expect their refund, based on date filed and type of refund payment.