Certain tax returns may undergo additional review due to complexities or discrepancies. While this is a necessary measure, it can lead to delays in receiving your refund. In cases where the IRS suspects identity theft or fraudulent activity, they will conduct further reviews to ensure the accuracy and legitimacy of the return. Such errors can significantly prolong the processing time of your refund. If your return contains mistakes or is incomplete, it may require additional scrutiny from the IRS. Several factors can contribute to delays in receiving your refund: While the IRS aims to issue most refunds within 21 days, it's important to recognize that some returns take longer to process than others. It's worth noting that the speed of receiving your refund depends on your chosen method of payment. At this point, your refund has been sent to your bank for direct deposit or a paper check has been mailed to the address listed on your tax return. The final stage, "Refund Sent," signifies that the IRS has disbursed your refund. Additionally, the tool will provide you with an anticipated refund date, giving you a clearer idea of when to expect your money.
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Upon completion of the processing phase, the IRS will update the status to "Refund Approved." This stage signifies that your return has been thoroughly reviewed and approved for a refund. This stage indicates that your documents are in the IRS's hands and undergoing the necessary evaluation. When you see the message "Return Received," it means that the IRS has successfully received your tax return, and it is currently being processed. Let's delve into what each stage signifies: The "Where's My Refund?" tool navigates your refund journey through three distinct stages. However, many taxpayers often encounter a persistent message: "Your return is being processed." In this article, we will explore the meaning behind this message and shed light on the three stages of the refund tracking process. By entering your social security number or ITIN, filing status, and the exact refund amount, you gain insight into the progress of your refund. After approximately 24 hours, the IRS provides a helpful tool called "Where's My Refund?" on IRS.gov that allows you to track the status of your refund. You've successfully completed your taxes, and now you eagerly await your tax refund.
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