What Does It Mean When Your Tax Refund Has Been Accepted

Keep in mind that the tax return may also have been rejected due to improper handling of a report with your SSN. If this is the case, the updated return may need to be written and delivered. To verify this, inform the IRS. Once you receive a notification that the IRS has accepted your return, you can rest assured that the IRS has started processing. It will still take some time for the return to be fully processed and refunds to be sent. A return that has been “accepted” means that he has passed an initial exam that includes very rudimentary controls. This could be the fact that no one else filed a tax return under your Social Security number, or that there were no other red flags that would have led to its rejection. Once your return is “Accepted”, its status will remain the same until it is “Approved”. This would mean that it has been processed and the IRS has approved the release of your refund. Once you know that your return has been accepted, all you have to do is wait. According to the IRS, it takes the agency 21 days or less to process most tax returns. However, there are cases where the agency may need more time to process an individual return. For example, tax returns that have many errors or are incomplete may take longer to process.

If the IRS suspects that you have been a victim of identity theft or if you have claimed an income tax credit or an additional child tax credit, it may take longer to process the application. Luckily, if you`re waiting for a refund, there`s a place on the internet where you can go to track the status of your return. The IRS`s “Where is my refund” feature tells you when you can expect your refund. The government will investigate unpaid tax arrears and child benefits. Please note that a personal repayment can be significantly reduced if debts are detected. Once the government is sure that you don`t have any outstanding loans, it will initiate approval and then you will receive a repayment. Karen Adams has been writing professionally since 2003. At the University of Florida, she worked at the school newspaper while earning her Bachelor of Arts degree in English. She regularly contributes to many different publications. She currently lives and works in Florida and is a member of the University of Florida`s Fiction Collective and Tea Magazine.

Please note that IRS telephone agents can confirm your tax status only 21 days after your online return and six weeks after paper filing (16 weeks for revised returns). While millions of people are still struggling with their federal income tax records and haven`t even made an appointment with their accountant, millions more have already filed their tax returns, waiting to see what happens next. After filing their tax returns, many taxpayers check with their tax professionals or the IRS website for the status of their tax returns. It is customary to receive a notification that a tax return has been accepted. However, despite receiving this notification, there are often few other follow-ups. Users typically do not receive a refund immediately after receiving this notification (when a refund is due) or other indications of what the IRS does with the return. If processing your tax return already increases your anxiety level, it can be downright stressful to sit back and accept your tax return, especially if you don`t even know what it means. My tax return was accepted; What else? Read on to find out what to expect. After most issues are resolved, explain how to resubmit the refund.

Flip the electronic file and select it as another option. Follow additional steps to resubmit a rejected tax return from the following screens on the site. For the latest information on processing IRS refunds during the COVID-19 pandemic, visit the IRS Operational Status page. Expect a transition period of six to eight weeks, starting from the day the tax return was issued by the IRS when you filed your paper tax return by standard mail. You can use the following options to speed up the refund process. The IRS suggests two options that can shorten your wait time: There are cases where you may have to wait longer than the standard 21-day delay for your refund: Where is my refund? Displays the status of your last tax return filed in the last two tax years. Please do not cash the refund check and do not issue the refund by direct deposit.. .