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The Answers To Your Questions | The Official Blog of TaxSlayer

The Answers To Your Questions

This article was last edited on Jan. 25, 2014. 

As you may know, the IRS will not begin accepting returns until January 31. But you can, and should, go ahead and file your taxes now with The sooner you file your taxes the sooner you will be receiving your refund. Have a question about something? Here are the answers to a few questions we have been received.

When Can I File My 2013 Taxes?

The IRS opening date means that the IRS will not begin processing tax returns or refunds (no matter how you file) until January 31. That does not mean you have to wait until then to file your taxes. You can file your taxes today and will send your return to the IRS when they start processing returns.

How quickly will I receive my refund?

Once the IRS begins accepting and processing tax returns on January 31st, 2014, you can expect up to 21 days for your return to be processed and your refund to be issued. While you may receive your refund faster, please be advised there can be a 21-day turnaround.

What Factors Affect How Quickly I Will Receive My Refund?

The IRS list a few factors that affect how quickly you receive your refund, below:

  • Common errors can delay processing and extend refund timelines. Ensure your refund arrives as expected by submitting an error-free return. Use the correct Social Security or taxpayer identification numbers, address, and bank and routing numbers if electing direct deposit.
  • To balance taxpayer service, quick refunds, and tax compliance, the IRS must review refunds to prevent fraudulent and erroneous refunds. These critical reviews can add time to refund processing, even for some legitimate tax returns.
  • The IRS balances customer service and tax compliance by reviewing tax returns to prevent fraudulent and erroneous refunds. These critical reviews could add time to refund processing, even for some legitimate returns.
  • The IRS may need time to fix a simple error, like a math error.
  • Refund timeframes can also be affected by such factors as bankruptcy, an open audit or a balance due on a related account such as a different tax year.
  • The IRS also periodically adjusts its technology systems during the filing season, which can also factor into short refund delays.

What can I do now to ensure I get my refund as quickly as possible?

  • File Electronically: To ensure faster processing of your return the IRS states that you should file electronically. When you e-file , the IRS will receive and process your return faster than filing a paper return by a couple of weeks. By having your return processed faster, this can help you get your refund more quickly.
  • Choose Direct Deposit: If you expect to receive a refund, choose direct deposit. Direct depositing your tax refund into your bank account means your refund is available as soon as it is received by the bank. There is no delay however, a deposited paper check takes more time to clear the banking system. Because there is no delay time for the mail, you can also cut days and weeks off the time versus a paper mailed tax refund check.

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