If you e-file, you can generally get initial refund information 24 hours after the IRS acknowledges receipt of your return. If you file a paper return, refund information will generally be available four weeks after mailing your return.

How long does TaxAct take to deposit?

It may take your financial institution 1 – 5 days to deposit the funds into your account. If you requested a paper check this means your check has been mailed. It could take several weeks for your check to arrive in the mail.

Why is my TaxAct return taking so long?

Taxpayer has certain delinquent federal debt, such as student loans, etc. The last name and social security number of the primary taxpayer must be the same as on last year’s return or the return will be delayed at least one week for re-matching. (Use the name as it appears on the mailing label of the tax package.)

What bank does TaxAct use for refunds?

Republic Bank & Trust Company
TaxAct partners with Republic Bank & Trust Company (member FDIC) to allow TaxAct program fees to be deducted from your tax refund. When you choose to have your TaxAct fees paid from your tax refund in the filing steps, you must accept the Refund Transfer Application and Agreement.

Where does the IRS send your tax refund?

The IRS is now preparing to send your refund to your bank or directly to you in the mail if you requested a paper check. What is happening when Where’s My Refund? shows the status of my tax return is Refund Sent?

How to check your tax return status on TaxAct?

1 Visit the TaxAct E-File and Tax Refund Status page. 2 Select the year you filed from the Tax Return Year drop-down. 3 Select the type of return you filed from the Tax Return Type drop-down. 4 Enter your Last Name, Zip Code, and Social Security Number. 5 Check I’m not a robot, then click Check E-file Status.

What happens when the IRS approves your tax return?

This means the IRS has processed your return and has approved your refund. The IRS is now preparing to send your refund to your bank or directly to you in the mail if you requested a paper check. What is happening when Where’s My Refund? shows the status of my tax return is Refund Sent?

How does the New Form W-4 affect your tax refund?

Now, if you have a side gig as a freelancer or another form of business, you can use the new Form W-4 to have income taxes taken out of your regular job’s paycheck to cover your side job taxes. If you opt to have additional money taken out to cover that tax liability, you then do not need to pay estimated taxes for that second job during the year.