How Long Does It Take To Get Tax Refund Back ?
How Long Does It Take To Get Tax Refund Back.
If you are waiting for a tax refund, then you also need to know how long it is going to take for you to get the refund. People, who do not know, seem to be waiting much longer, and it can be a very frustrating experience. The amount of time taken for refund depends on the type of filing also. There are two to three ways of filing for returns. One is directly in person, another is e-filing and the third is by paper work and mailing the same.
If you have electronically filed your tax returns, then it takes 72 hours to process your file. This is also one of the fastest ways to get your returns from the IRS. E-filing also returns the amount to your bank or the check
as the filing is processed directly.
When you send in the filing through paper it takes the longest time. It can take 3 to 4 weeks before you know the status of your return. The problem with filing in paper is that it is sent through mail, then the data from the sheets is fed into the computer, and finally it has to be processed electronically. In the end, all tax returns are processed electronically. Even manual files are converted into electronic files.
The status of your refund can be checked on the IRS website accordingly. For e-filing, you can check in three working days time and for paper filing in three to four weeks time. It is recommended that a person file their tax returns using the electronic filing system if they want to get their tax refund at the earliest.Source: www.rocketswag.com