I filed for my mum on 2/23 and the refund appeared today in her bank account.
Has anyone gotten their 2020 tax refund yet? If so, how long did you wait? Mine was electronically accepted nearly a month ago. The check your status app just says "being processed". The past three years, I have gotten my refund in less than two weeks.
Getting a tax refund is ..well...wonderful. Is there a need to let strangers know? Is ER that boring? What's next?... Announcing you have a bowel movement? lol
I started this thread to give an idea for others how quickly they might receive theirs. I thought it might be useful. If you pull down "Thread tools" you'll find "Ignore this thread" so you'll never be bothered when this pops up again.Getting a tax refund is ..well...wonderful. Is there a need to let strangers know? Is ER that boring? What's next?... Announcing you have a bowel movement? lol
Last year I e-filed on 3/7 and received our refund on 3/16. This year I e-filed on the same date. It will be interesting to compare the turnaround time.
Why do you paper file??I guess I'm going to have to start e-filing like most on here seem to do.
I sent my 22 page federal return in on March 1st, stopping by the post office first to make sure the two stamps I put on the envelope were of adequate postage. Post office clerk says it will cost 95 cents to send so my two stamps already affixed are good. Fast forward to Friday of last week and there in my mailbox is the envelope, returned to sender asking for another fifty cents postage due.
Another trip to the post office and the clerk says, no, the 95 cents was adequate and the correct amount due and blames their blunder in sending it back on short staffing and inadequate training. I did repackage it in another envelope this time since the other one was beat up from the round trip.
The PO clerk was very apologetic and slipped my envelope into a USPS envelope with that post office as the return address, and stamped the package as paid in full with no additional cost from me.
He said if it came back again, he would report it to the postmaster general.
So I already lost three weeks.
I sure hope getting my refund goes a lot smoother once it finally reaches the IRS.
Why do you paper file??
I did it for a few years because I was mad that the tax prep companies are charging me for something that makes processing my return MUCH easier for the government, but it didn't take long for me to realize that the only one I was making things harder for was myself! I still am het up that they don't PAY US to e-file, or at least offer it for free. Processing paper forms is very labor intensive.Why do you paper file??
Good to know Jolly. Our return was filed and accepted on 3/12. If I replicate your 2020 return experience I would expect a deposit on or about 3/29, although day of the week could tweak the day a bit.Update: IRS site now shows status as approved and refund scheduled for 3/24. Eight days later as compared to last year. Not as bad as I thought it would be.
My current laptop has Windows 7 and as far as I could tell, all tax programs this year required Windows 10 to work as intended.
Also, I like to really understand how everything works and inter-relates in the tax forms and what effects various changes will make from schedule to schedule and form to form. Doing the return by hand really brings this to light quickly.
Well, our stimulus payment showed up today! Now I kind of wish I had waited on our taxes, though, since our AGI was $153K and change, and that reduced our stimulus payment by $3K! I would have spent some more time trying to generate another $3K in deductions before 4/15 if I had known that the cutoff was going to be $150K....but then again, I'm not sure it would be worth the trouble, we really didn't NEED the stimulus. We'll definitely spend it supporting our local restaurants, though!Yep, our return was received by the IRS on 3/5, and our direct deposit arrived 3/12...and even showed up as pending on 3/11. But our stimulus payment hasn't; we are eligible for a partial payment based on our 2020 AGI, so they should have had that in the system on 3/5, but we would NOT be eligible based on our 2019 AGI. So we'll see if it shows up next week. But at least we got a nice big refund based on 1) lower income than usual, and 2) the remainder of the stimulus payments that we missed because they had been based on our 2019 AGI.
Well, our stimulus payment showed up today! Now I kind of wish I had waited on our taxes, though, since our AGI was $153K and change, and that reduced our stimulus payment by $3K! I would have spent some more time trying to generate another $3K in deductions before 4/15 if I had known that the cutoff was going to be $150K....but then again, I'm not sure it would be worth the trouble, we really didn't NEED the stimulus. We'll definitely spend it supporting our local restaurants, though!