If you’re aiming to receive your 2024 tax refund as quickly as possible, filing your return early is the key. Submitting your return promptly can help you avoid the delays that often occur when a flood of taxpayers files closer to the deadline.
The official start of the 2024 tax season is Monday, January 27, 2025. By this date, taxpayers must have accurate information regarding their 2024 income and earnings to ensure a smooth filing process. Filing on or shortly after this date ensures the IRS processes your return promptly, helping you secure your refund sooner.
How to receive your refund faster
File Electronically and Use Direct Deposit
One of the most effective ways to speed up your tax refund is by filing your return electronically and opting for direct deposit. When you take this route, you could receive your refund in as little as 21 calendar days. For instance, if you file on January 27, 2025, your refund could appear in your bank account by February 17, 2025.
Filing a paper return and mailing it to the IRS, on the other hand, can significantly delay your refund. Refunds from mailed returns often take six to twelve weeks to process, assuming no errors are present in the paperwork. This delay is one of the main reasons why electronic filing remains the most efficient option for taxpayers.
Your refund with the IRS tool
If you’re wondering about the status of your refund, the IRS offers a helpful online tool called “Where’s My Refund?” This tool allows you to monitor your refund’s progress 24 hours after the IRS receives your electronic return.
To use this service, you’ll need the following:
- Your Social Security number or Individual Taxpayer Identification Number (ITIN).
- The exact amount of your expected refund.
- Your filing status (e.g., single, married, head of household).
The tool provides updates on when your refund has been approved and when it’s scheduled to be deposited or mailed.
Need more time to file?
Extension Options for Taxpayers
If you cannot file your return by the April 15, 2025, deadline, you can request a free extension to push your filing deadline to October 15, 2025. However, it’s important to note that this extension applies only to filing your return, not paying any taxes owed.
If you anticipate owing taxes, you must pay the balance by April 15, 2025, to avoid penalties and interest. Missing this payment deadline could result in additional charges, even if you’ve secured an extension to file.
Taking these steps ensures you’re on track to receive your refund without complications. Filing early and electronically is your best bet for a seamless process. Start preparing your tax documents now to get ahead of the rush and avoid unnecessary delays.
