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Direct Deposit for your Tax Refund

1 post in this topic

The mediocre direct deposit tax return was close to $ 3,000 last tax season, and with tax season well underway, it's no astonishment that the most common tax season-related question we're hearing now.


We know that you work hard for your money and your cash app tax refund can be the biggest check you get in a whole year, so here we are telling you what happened after you hit the e-file button and 


How to get your tax refund on cash app?


The IRS issues all tax refunds: Cash app Tax does not issue actual refunds. If you have an IRS acknowledgment, they are processing your tax return. Here's a breakdown of IRS processing time, how your tax return will progress through the three steps with the IRS; and where you can go to check your cash app refund status.


Refund processing time and E-filed tax return with direct deposit: E-file with direct deposit is the fastest way to get your federal tax refund. The IRS states that nine out of 10 e-filed tax returns with direct deposit will be processed within 21 days of IRS e-file approval.


Paper Returns: If you have filed a paper return, please allow 4 weeks before checking the status. The refund processing season is 6 to 8 weeks from the date the IRS accepts your tax return.


Refund process: Start checking status 24 - 48 hours after e-file. Once you e-file your tax return, you can check your status using IRS what’s My Refund. If you mail a paper tax return you will not be able to start checking the status of your tax return for 4 weeks. 


Please note that while checking your refund status you will need the following information: Social Security Number or ITIN, your filing status, and your exact refund amount.


Returns received within 24 - 48 hours after e-file Notice: IRS Where is my refund? Once they start processing your tax return, the tool will show the status "Return Received". 


When checking the refund status you will need the following information: Social Security Number or ITIN, your filing status, and your exact federal tax return amount shown on the tax return. You will not see the tax return date until the IRS processes your tax return and approves your cash app tax refund.


Change of status from "Return Received" to "Refund accepted": Once the IRS processes your tax return and confirms that your tax return is approved; your status will change from "Return Received" to "Return accepted". Will change. Whereas a change in status may take a few days and where will the refund date not is provided in my return? Until your tax return is processed and your tax refund is approved.


The tool shows your return date: After your status moves toward "Refund Accepted", the IRS will provide an individual refund date. The IRS issues nine out of 10 deposits within 21 days of acceptance if you e-file with the direct deposit.


Refund sent" presentations: Where is the status in my refund? Show "Refund Sent", the IRS has sent your tax refund to your financial institution for direct deposit. It can hold 1 to 5 days for your financial institution to deposit funds into your account. If you have opted to receive your tax refund via mail, it may take several weeks for your check to arrive.


Here are answers to some common tax refund questions:


Will I see a date immediately after checking the status in "Where My Refund"?


My tax refund tool will not give you the date until your tax return is received, processed and your tax refund is approved by the IRS.


The IRS has received my tax return and I have not received my tax refund, it is longer than 21 days. What is happening?


Unusual tax returns take longer than others to process depending on your tax situation. For reasons that may take longer, incomplete information, errors, or the IRS may have to be reviewed.


I requested that my money be deposited in my bank account automatically, but the check was sent to me. The IRS is limiting the number of direct deposits going to a single bank account or prepaid debit card for three tax refunds per year. Your limit must have been exceeded.


Have you not filed your tax yet? 


Get closer to your tax refund today and file. If you have a simple tax return and can have your federal tax refund in your pocket within 21 days, you may be able to e-file your federal and state tax return with Tax-Free Edition.


Don't worry about knowing the tax laws. It will ask simple questions about you and will give you tax deductions and credits based on your answers. 

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