Tax season is a crucial event for millions of US taxpayers each year. Citizens must submit their tax returns to the IRS beginning in late January.
As we approach 2024, individuals must declare their income, deductions, and tax credits to determine whether they owe additional taxes or qualify for a refund. For many, this period is an opportunity to receive a refund, significantly easing their financial situation.
While some may find the tax filing process daunting, there are several benefits to filing during the season. Among these benefits are free tax filing services and the possibility of receiving a refund, which everyone appreciates. For many taxpayers, this is a significant portion of their annual income.
Key Dates and Expectations
As 2025 approaches, those eager to file their taxes become increasingly concerned about how quickly these refunds will be processed and delivered.
The IRS has announced that the tax filing season begins on Monday, January 27. Today marks the start of the 2024 tax filing season for taxpayers.
Direct File, a free filing service, will now be available in 25 states across the US. This is a convenient option for those who qualify, as it allows them to file their tax returns easily and for free.
Around 140 million Americans are expected to file their taxes by the April 15 deadline. Many taxpayers are eagerly awaiting the outcome of this process, especially those expecting a refund. A large number of people are optimistic about the amounts they may receive.
Advantages of Using the IRS Direct File
There are some great advantages to use the official payment-free IRS direct filing program:
- 1Cost-Free Filing: Direct File is completely free for eligible taxpayers, eliminating any extra financial burden.
- Ease of Use: The service simplifies the filing process, making it accessible even for those unfamiliar with tax return procedures.
- Wide Availability: Available in 25 states, it provides a broad reach for many taxpayers seeking a hassle-free filing experience. The amount of taxes you need to pay will depend on your unique situation.
Understanding IRS Refund Processing Times
Taxpayers often worry about the time it takes for the IRS to process refunds. According to the IRS, most refunds are issued within 21 calendar days of the return being filed correctly and completely.
For example, if a taxpayer files their return on January 27, they can expect to receive their refund by February 17 or sooner, assuming no complications.
Electronic filings often lead to faster refunds due to their efficiency and speed compared to paper returns. As a result, those who file their taxes online and choose direct deposit may receive funds in their bank accounts much faster.

After submitting all required documentation, taxpayers can track their tax returns using the IRS’s online tool, “Where’s My Refund?”. Users can access this platform 24 hours after filing their electronic returns and receive real-time updates on the status of their refunds.
This service provides a detailed update on the status of your application, removing any uncertainty about when the funds will arrive.
Tracking Your Refund: Electronic vs. Paper Filing
Filing your tax return on paper may result in a slight delay in processing. Those who mail in their forms can expect their refund status to appear in the “Where’s My Refund?” tool within four weeks of submission, according to the IRS.
Key Points to Remember:
- Electronic Filing: Access the tool 24 hours post-filing for real-time updates.
- Paper Filing: Expect a four-week wait for status updates in the tool.
- Real-Time Updates: The service provides detailed progress updates, reducing uncertainty.
Although most refunds are issued within 21 days, the IRS’s processing time can vary depending on several factors. For example, if the submitted information contains errors, incorrect claims, or any part of the return requires additional review, the process may be delayed. Additionally, choosing to receive your funds via check rather than direct deposit can affect delivery time.
Factors Influencing Refund Processing Time
The IRS warns that certain tax credits, including the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC), may cause delays in filing returns.
These credits require additional verification, and such delays are not unusual. However, the “Where’s My Refund?” tracking service can provide up-to-date information on the status of your return.
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