Where’s my income tax refund?

If you are expecting to receive an income tax refund, it is likely that you filed an income tax return and claimed a refund. When you file an income tax return, you may be entitled to a refund if the amount of tax that you owe is less than the amount of tax that has been withheld from your paychecks or estimated tax payments that you made during the year.

The process for receiving your income tax refund depends on how you filed your tax return and how you requested to receive your refund. If you filed your tax return electronically and requested a direct deposit for your refund, it is likely that your refund will be deposited directly into your bank account. This is generally the quickest and most secure way to receive a tax refund.

If you filed a paper tax return or requested a paper check for your refund, it may take longer to receive your refund. The IRS processes paper tax returns and issues paper checks manually, so it can take longer for your return to be processed and for your refund to be mailed to you.

If you are expecting a tax refund and have not received it, there are a few things you can do to check the status of your refund:

1. Check the IRS website: The IRS has a “Where’s My Refund?” tool on its website that allows you to check the status of your refund. To use this tool, you will need to provide your Social Security number, your filing status, and the exact amount of your refund.
2. Contact the IRS: If you are unable to use the “Where’s My Refund?” tool or if you have additional questions about your refund, you can contact the IRS by phone or mail. The IRS has a toll-free number for individual taxpayers (800-829-1040) that you can use to speak with a representative.
3. Check with your tax preparer: If you used a tax preparer to file your tax return, you may be able to get information about your refund from them. They may be able to provide you with additional information about the status of your return and your refund.

It is important to note that the IRS may hold or delay a refund for various reasons, such as to verify information on your tax return or to review your tax account for other issues. If your refund is delayed, the IRS will generally send you a letter explaining the reason for the delay.

Prominent Financial Consultants offers a range of services to help our clients succeed, and we would love the opportunity to discuss how we can help you. If you would like to schedule an appointment with us, please schedule a free 15 Minute Financial Clarity Call so that we can learn more about your needs and goals.