How Long Does It Take for a Tax Return to Be Processed?

Introduction

Filing taxes can be a daunting process. With the help of tax preparation software and assistance from tax professionals, you can make the process easier and more efficient. Once all the paperwork is complete and the forms are submitted, the final step is waiting for your tax return to be processed by the Internal Revenue Service (IRS). This article will explore the process of how long it takes for a tax return to be processed and provide best practices to maximize your tax return processing time.

How to Maximize Your Tax Return Processing Time

There are several steps you can take to ensure that your tax return is processed as quickly as possible. Here are some tips for maximizing your tax return processing time:

File Early and Completely

The earlier you file your tax return, the quicker it will be processed. The IRS recommends that you file as early as possible – even if you’re waiting on documents or information. Be sure to double check that all the required forms are included with your return. If any forms are missing, the processing time will be delayed.

Check for Errors

Before submitting your return, double check that all the information is correct and accurate. According to the IRS, “Errors on your return can delay your refund. Common errors include math mistakes, incorrect Social Security numbers, and incomplete or inaccurate information.” If there are errors on your tax return, the processing time will be prolonged.

Utilize Direct Deposit

The fastest way to receive your refund is to have it directly deposited into your bank account. Direct deposit eliminates the need for paper checks to be printed and mailed. According to the IRS, “More than 90% of refunds are issued in less than 21 days.” Utilizing direct deposit is one of the quickest ways to receive your refund.

Common Reasons for Delayed Tax Return Processing

If your tax return is taking longer than expected to be processed, there may be a few common reasons why. Here are some of the most common reasons for delayed tax return processing:

Incorrect Information

If the information on your tax return is incorrect or doesn’t match up with other records, such as your W-2 form, it can cause delays in processing. To avoid this, double check that all the information is correct before submitting your return.

Missing Forms or Documentation

If any forms or documentation are missing from your tax return, the processing time will be delayed. Make sure to include all the necessary forms and documentation when filing your return.

High Volume of Returns

The amount of time it takes for your tax return to be processed will depend on the volume of returns being processed. During peak filing season, the IRS receives millions of returns, which can lead to delays in processing times.

The Average Time It Takes for a Tax Return to Be Processed

The average time it takes for a tax return to be processed depends on a few factors. Here are some of the factors that can impact the processing time of your tax return:

Factors That Impact Processing Time

The amount of time it takes for your tax return to be processed can vary depending on the complexity of your return, the accuracy of your information, and the volume of returns being filed. The IRS recommends that you allow up to three weeks for your return to be processed. However, if there are errors or omissions, the processing time could be longer.

Typical Timeline for Processing

The IRS typically takes seven to 21 days to process a tax return. According to the IRS, “More than 90 percent of refunds are issued in less than 21 days.” If you choose to receive your refund via direct deposit, you can expect to receive it within 10 to 14 days.

Tips for Filing Early to Reduce Processing Time

Filing your tax return early can reduce the amount of time it takes for your return to be processed. Here are some tips for filing early to reduce processing time:

Gather Necessary Documents

Gather all the necessary documents and forms before you begin filing your tax return. This will help ensure accuracy and prevent any delays in processing.

Double Check All Information

Double check all the information before submitting your tax return. Make sure that all the information is correct and accurate. Any errors or omissions can lead to delays in processing.

Take Advantage of E-Filing

E-filing your tax return is one of the quickest ways to get your return processed. According to the IRS, “E-filing your return and choosing direct deposit for your refund is the fastest and safest way to file your taxes and get your refund.”

How to Track the Progress of Your Tax Return

Once you’ve filed your tax return, you may want to track the progress of your return. Here are two ways to track the progress of your tax return:

IRS Website

You can track the progress of your tax return on the IRS website. Visit irs.gov/refunds and enter your Social Security number, filing status, and the exact whole dollar amount of your refund. You can also sign up for email alerts to track your refund.

Phone Calls

You can also call the IRS to get an update on your refund. The IRS recommends that you wait at least three weeks after you’ve filed your return before calling. To speak with an IRS representative, call 1-800-829-1040.

The Impact of High Volume on Tax Return Processing Times

During peak filing season, the IRS receives millions of returns, which can lead to delays in processing times. Here are some of the impacts of high volume on tax return processing times:

Increased Wait Times

High volumes of returns can lead to increased wait times for processing. The IRS recommends that you allow up to three weeks for your return to be processed during peak filing season.

Overwhelmed Agents

High volumes of returns can lead to overwhelmed IRS agents. If you’re experiencing delays in processing times, it may be due to overwhelmed agents who are trying to process a high volume of returns.

Ways to Speed Up Tax Return Processing Times

There are a few ways to speed up tax return processing times. Here are some ways to speed up tax return processing times:

Ensure Accuracy

Double check that all the information on your tax return is accurate and complete before submitting. Incorrect information or missing forms can lead to delays in processing.

Utilize Electronic Filing

E-filing your tax return is one of the quickest ways to get your return processed. According to the IRS, “Most taxpayers receive their refunds within 21 days of filing electronically.”

Follow Up with the IRS

If your return is taking longer than expected to be processed, follow up with the IRS. You can visit the IRS website or call 1-800-829-1040 to speak with an IRS representative.

Conclusion

Tax returns can be a lengthy process. Understanding the timeline for processing and taking steps to maximize the processing time can help ensure that your return is processed as quickly as possible. File early, double check for errors, utilize direct deposit, and take advantage of e-filing to get your return processed quickly. For more information on tax return processing times, visit the IRS website or call 1-800-829-1040.