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Updating turbo tax

Please note that the delay applies to the additional child tax credit, not the standard child tax credit.

Once February 15 rolls around, you’ll still have to wait for processing.

This will get your return in the queue faster, and hopefully get your refund processed more quickly. Tax returns are normally due on April 15 each year, unless the 15th falls on a weekend or holiday. Filing a tax extension is free, and you can do it at any time.

If that is the case, the tax return is due on the following business day. Just be aware that you need to pay any money due by the tax deadline, or you may owe penalties or fees.

Typically, tax refunds are issued in less than 21 days.

The IRS estimates that the delayed refunds may begin to show up during the week of February 27 for direct deposit.

However, if you file before then, there won’t be any information on the status of your refund until after that date. Yes, the EITC and ACTC are refundable credits and can generate refunds that exceed your tax liability. So if you want to receive your refund faster, electronic is the way to go!While you are waiting on your tax return, here is a great way to make a fast 0 free money just for opening up a Chase Bank Checking account and savings as a new customer!Checks and any processing issues will delay the refund longer.Also see How Long Does it Take to Get Your Tax Refund Back? You will still get your tax refund quicker by e-filing, even with the delay. Should you request a check instead of direct deposit? The IRS has stated that direct deposit will still be the fastest way to receive your refund. No, other tax credits, including the Health Insurance Premium Tax Credit, Tuition Tax Credits and Saver’s Tax Credit are not impacted.

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Of course, the complexity of your return also affects how long it takes to process your return. The IRS has a goal of getting tax refunds to tax payers within 21 days. In fact, most people receive their refunds in about 10-14 days. Tax refunds that claim these credits after that date are processed as they come in.

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