Estimated IRS Tax Refund Schedule Dates for 2017
Some taxpayers may experience a delay in receiving tax refunds in 2017. This is for tax returns due by April 15, 2017. Part of the reason for the schedule delay is a new tax law that goes into effect in 2017.
Quoted from an IRS press release, John Koskinen, IRS Commissioner said, “We don’t want people caught by surprises if they get their refund later than the normal date.”
Early filers claiming Additional Child Tax Credits (ACTC) and Earned Income Tax Credits (EITC) may have their refunds held by the IRS for several weeks. The IRS tax refund schedule dates could be held up until February 15.
An additional factor coming into play is heightened identity theft awareness. Both IRS and state tax authorities are required to take extra steps to prevent fraud. The additional steps required by these entities takes effect for the 2017 income tax filing season.
To prevent a delay in receiving your tax refund when claiming either the EITC or ACTC, make changes to your income tax withholdings for the remainder of 2016. What this does is puts more money in your pocket now but reduces your refund later.
Table of Contents
- 1 Tax Refund Dates Without a Delay
- 2 IRS Tax Refund Cycle Chart
- 3 Be First in Line for Your Tax Refund
- 4 Calculating Your Tax Refund
- 5 What to Expect When Filing Your Taxes Online
- 6 Who Can Get a Quick Tax Refund?
- 7 Ways to Receive Your Tax Refund
- 8 Splitting Your Return
- 9 Checking Your Refund Status via the IRS
- 10 Checking Your Refund Status via the Phone
- 11 Video Information About IRS Tax Refund Dates
- 12 Closing Thoughts
Tax Refund Dates Without a Delay
However, keep in mind the IRS tax refund schedule dates are an estimation and is not set in stone. Sometimes there are delays, which may cause your refund to take longer than 10 days to reach you.
Anyone can get their tax refund faster by e-filing and opting to receive their refund via direct deposit.
IRS Tax Refund Cycle Chart
|Date You Filed||Refund Date if E-File +
|Refund Date if Paper-File +
|Jan 15||Jan 25||Feb. 25|
|Jan 22||Jan 29||Feb 29|
|Feb 1||Feb 11||March 11|
|Feb 7||Feb 17||March 17|
|Feb 15||Feb 25||March 25|
|Feb 22||Mar 1||Apr 1|
|March 1||March 11||April 11|
|March 7||March 17||April 17|
|March 15||March 25||April 25|
|March 22||April 2||May 2|
|April 1||April 10||May 10|
|April 7||April 17||May 17|
|April 15||April 25||May 25|
Be First in Line for Your Tax Refund
More than 80% of taxpayers get a tax refund. Last year, federal tax refunds averaged almost $3,000. That’s why we’re encouraging people to file as soon as they can. Be first in line with TurboTax Online or H&R Block Online. There is no faster way for taxpayers to speed up their tax refund dates.
Both firms will securely hold and then submit customers’ tax return to the IRS as soon as the agency begins accepting returns. Both firms will process tax returns on a first-in, first-out basis. Although the IRS does not anticipate refund schedule delays, taxpayers are encouraged to e-file and use direct deposit as the fastest way to get their refunds. As it did last year, the IRS expects to issue nine out of ten tax refunds in 21 days or less.
Calculating Your Tax Refund
H & R Block and TurboTax both have free online tax refund calculators. To use them you have to have your filing status, deductions, income, and dependent information on hand. You won’t have to enter any overly personal or identifying information, but the more information you provide, the more accurate your estimations will be.
Estimating your refund does not have to be hard, thanks to these two websites. You can plan and make sure that you spend your refund wisely when it arrives.
What to Expect When Filing Your Taxes Online
Making the decision to file online is your key to making tax season less stressful. All you have to do is answer a few questions about your tax situation, have your information put on the correct tax forms, and the online system will bring to your attention the deductions and credits that you are eligible for.
This way you can keep more of your hard earned money. They even have a free tax refund calculator so you can see how much of a tax refund you should expect.
It is recommended that you file your tax return online because it will be processed quicker and you will receive your return in the shortest time possible. If you mail in your tax return your refund date could be delayed for several weeks.
Who Can Get a Quick Tax Refund?
As long as an individual does not owe the IRS any money and has some earned income, they are eligible for a quick tax refund. All these taxpayers have to do is e-file and they should be anticipating a refund check according to the IRS tax refund schedule dates. That is what you call fast because some people wait a month before they are paid for working their daily jobs.
Just remember that in order to get a quick refund you must have all of your tax documents in order so that there are no reasons for the IRS to put a hold on your money. If the information provided to the IRS is, information that does not seem to follow through, they can also put a hold on your refund for that as well. So make sure the information provided is accurate and correct to ensure you receive a refund.
Ways to Receive Your Tax Refund
- Direct Deposit – This is the quickest way and it can go to your checking or savings account, including IRAs. You can even ask for it to be deposited into your TreasuryDirect account so you can buy U.S. Treasury marketable securities and savings bonds.
- By purchase of U.S. Series/Savings Bonds up to $5,000
- Paper check mailed to the address you used when filing taxes
To put a stop to fraud and identity theft, the IRS limits the number of direct deposits that can go to one financial account to three. This also includes prepaid debit cards and if the limit is exceeded a notice will be mailed with a paper check.
This year you also have the option of having your refund partially or fully deposited into your myRA account. This is a new type of retirement account from the U.S. Treasury. However, in order to do this, you have to already have a myRA account before filing your return. You will also need your routing and account numbers.
Splitting Your Return
If you are opting to receive your return via direct deposit, you do have the option of splitting up your return into up to three different accounts. For example, you could put some in your checking, savings, and retirement account. In order to do this you must complete and attach Form 8888 to your federal tax return.
However, you are not able to do this if you file Form 8379. Also, keep in mind that the accounts that you are depositing your money into should be in your name, your spouse’s name, or a joint account, which includes both you and your spouse’s name. Lastly, in order to do the direct deposit option your refund amount has to be at least $1.00.
Checking Your Refund Status via the IRS
You no longer have to worry about using the IRS Refund Cycle Chart or schedule to try to find out when your refund will arrive. Instead, thanks to technology, you can use the “Where’s My Refund” tool that is located on the IRS website.
It will provide you with the status of your refund and alerts – Tax Return Received, Tax Refund Approved, and Tax Refund Sent. If you have filed a paper return, it will take up to four weeks for your Return Received alert to show. However, if you e-file the alert usually shows within 24 hours.
To use the tool you have to enter your personal information, such as your social security number, filing status, and refund amount.
Checking Your Refund Status via the Phone
If you have a smartphone, you can download the IRS2GO app and check your refund status directly from your phone. It is available for Apple and Android phones. You will still have to enter your personal information to obtain your refund status.
Alternatively, you can call the IRS Refund Hotline at 800-829-1954. You will still have to enter the same information as you would if you were to check your refund status via the internet.
Video Information About IRS Tax Refund Dates
Tax refunds for e-filed returns are usually processed within 10 days of the e-file acceptance date. Refunds from paper returns can take six to eight weeks to process from the date that the return was received. Despite nine out of ten returns going out in this period, if the return is incomplete or inaccurate, further review of the return can cause the refund schedule date to be delayed.
Now you have learned quite a few different ways for you to check refund dates and the status of your refund. All you have to do now is go with the option that works the best for you.
Remember, if you file with TurboTax Online you’ll get the fastest refund possible!