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Full time employment: Posting here.
I e-filed my FED on Thursday 3/18, refund was deposited today. Yippee!
A data point for those who filed by paper. I sent my return by certified mail on Friday, 2/19/21. The USPS tracking service says it was delivered to IRS Ogden on Monday, 2/22/21. Today, I received the return post-card which is stamped 3/4/21. So it looks like it is taking them about 10 days just to open the mail. As of yesterday 3/29/21, the IRS "Where's my refund?" tool did not have any information for me. My conclusion is that it is taking them longer than 25 days to go from mail opening to getting the return into the system.
Received my Fed refund, and it had $3k more than expected. Got a letter a few days later that showed they changed my return to add an additional $3k credit to taxes paid. I don't know where it came from as there were no details, and I checked 2019 and 2020 again to make sure I did not meet stimulus income level (too high), so still confused.
IDK, will just hold it and repay if they come back later I guess.
Does the additional refund amount equal your 2020 Form 8962 line 27 or line 29? If so it may be due to a provision in ARPA about APTC repayment forgiveness.
I filed electronically and the IRS accepted the return on February 18th. Checking the IRS website weekly -- the status was always -- return is being processed. Checked this morning and the status is now, refund approved with the payment to be sent to our bank by the end of the week.
Now, we need our stimulus payment to arrive and we will be very happy.
A data point for those who filed by paper. I sent my return by certified mail on Friday, 2/19/21. The USPS tracking service says it was delivered to IRS Ogden on Monday, 2/22/21. Today, I received the return post-card which is stamped 3/4/21. So it looks like it is taking them about 10 days just to open the mail. As of yesterday 3/29/21, the IRS "Where's my refund?" tool did not have any information for me. My conclusion is that it is taking them longer than 25 days to go from mail opening to getting the return into the system.
Unfortunately I filed right before TT made the correction for the ACA PTC change. I wasn't aware of it until I saw it here after I filed. The IRS states that they will correct the return (a $12K payment to a $1K refund), but who knows when. I'm not holding my breath, but at least they haven't transferred the $12K out of my account so there is that...