Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
2020 Fed Tax Refund Received!
Old 03-02-2021, 12:00 PM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
RunningBum's Avatar
 
Join Date: Jun 2007
Posts: 10,788
2020 Fed Tax Refund Received!

I filed my taxes on Feb 13 and they were accepted later that day. Today my refund hit my bank account. Do I win? Aside from bragging, I thought it might be helpful for others to know how quickly you might get it. All bets are off it you are being mailed a check.

Pretty happy because it was a sizeable refund as I didn't plan to get an ACA subsidy but was able to make it happen in the downturn last year. Sold a couple of funds at a loss, and one of them had higher distributions than the S&P 500 fund I replaced it with.
RunningBum is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 03-02-2021, 12:54 PM   #2
Thinks s/he gets paid by the post
zinger1457's Avatar
 
Join Date: Jul 2007
Posts: 2,636
My refund just showed up this morning in my checking account, e-filed on 22 Feb.
zinger1457 is offline   Reply With Quote
Old 03-02-2021, 12:59 PM   #3
Thinks s/he gets paid by the post
gayl's Avatar
 
Join Date: Jun 2004
Location: Diablo Valley (SF Bay Area)
Posts: 2,033
Efiled 2020 tax return 2/19 (1st day I could download / TT imported from Schwab), accepted within an hour, in my account 2/25. State didn't show up until this morning.
gayl is offline   Reply With Quote
Old 03-02-2021, 03:00 PM   #4
Full time employment: Posting here.
 
Join Date: Oct 2014
Posts: 951
2021 Fed Tax Refund Received!

Pretty sure that your 2021 Fed Tax Refund wasn't received today. Maybe your 2020 Fed Tax Refund.
__________________
-Big Dawg-FI since 9/2010. Failed ER in 2015. New target 2021.-

-"Blow that dough"-Robbie

" People say I'm lazy, dreaming my life away Well, they give me all kinds of advice designed to enlighten me When I tell them that I'm doing fine watching shadows on the wall "Don't you miss the big time, boy. You're no longer on the ball" -John Lennon-
Bigdawg is offline   Reply With Quote
Old 03-02-2021, 03:03 PM   #5
Thinks s/he gets paid by the post
Finance Dave's Avatar
 
Join Date: Mar 2007
Posts: 1,550
Congrats to all!
__________________
"Live every day as if it were your last, and one day you'll be right" - unknown
Finance Dave is offline   Reply With Quote
Old 03-02-2021, 03:04 PM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 28,731
I hope that was your 2020 tax refund.
__________________
Retired since summer 1999.
audreyh1 is offline   Reply With Quote
Old 03-02-2021, 03:33 PM   #7
Recycles dryer sheets
 
Join Date: Feb 2021
Posts: 235
Just e-filed today so we should have our refunds in a week or so. We made out better than usual in 2020 because investment income was down and I took a capital loss in December on a poorly performing stock. Also, they added that $300 charitable donation deduction and we took advantage of that.
disneysteve is offline   Reply With Quote
Old 03-02-2021, 04:04 PM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
RunningBum's Avatar
 
Join Date: Jun 2007
Posts: 10,788
Oops, 2020 of course! Can a mod fix this please? I was going to use the Report Post button but it says to only use that for reporting spam, advertising, harassment, etc.
RunningBum is offline   Reply With Quote
Old 03-03-2021, 01:01 PM   #9
Full time employment: Posting here.
 
Join Date: Aug 2017
Posts: 563
I got mine a few days ago.
badatmath is offline   Reply With Quote
Old 03-03-2021, 01:34 PM   #10
Moderator
Jerry1's Avatar
 
Join Date: Nov 2014
Posts: 5,030
Quote:
Originally Posted by RunningBum View Post
Oops, 2020 of course! Can a mod fix this please? I was going to use the Report Post button but it says to only use that for reporting spam, advertising, harassment, etc.
Changed it.
__________________
Every day when I open my eyes now it feels like a Saturday - David Gray
Jerry1 is offline   Reply With Quote
Old 03-03-2021, 03:46 PM   #11
Thinks s/he gets paid by the post
RetireBy90's Avatar
 
Join Date: Feb 2009
Location: Cville
Posts: 1,235
My net due was deducted from my account I think 1 Mar.
__________________
FIRE 31 Aug, 2018 - Always leave every place better than you found it, always give more than expected
RetireBy90 is offline   Reply With Quote
Old 03-03-2021, 05:05 PM   #12
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 28,731
I like to schedule 1040 payment due via eftps.gov so payment occurs on April 15, even when I file the taxes much earlier. Quite straightforward to do and no need to include bank information on the tax return.
__________________
Retired since summer 1999.
audreyh1 is offline   Reply With Quote
Old 03-05-2021, 12:57 PM   #13
Recycles dryer sheets
 
Join Date: Sep 2012
Location: Rochester, NY
Posts: 128
filed w/TT before the 2/12 date stated as earliest. it was filed as soon as it could be. rec'd refund 10days later
drb391 is offline   Reply With Quote
Old 03-08-2021, 03:09 PM   #14
Thinks s/he gets paid by the post
jollystomper's Avatar
 
Join Date: Apr 2012
Posts: 3,464
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.
__________________
FIREd date: June 26, 2018 - wwwwwwhat a rush!
jollystomper is offline   Reply With Quote
Old 03-08-2021, 10:26 PM   #15
Recycles dryer sheets
 
Join Date: Oct 2019
Location: Los Angeles
Posts: 51
E-filed on the 19th Feb, my whopping refund of $75 cleared on 26th Feb.
Out_the_Door is offline   Reply With Quote
Old 03-09-2021, 08:27 AM   #16
Thinks s/he gets paid by the post
Dash man's Avatar
 
Join Date: Mar 2013
Location: Limerick
Posts: 3,111
They can take my money on April 15. It will be painful...very painful!!
Dash man is offline   Reply With Quote
Old 03-09-2021, 08:48 AM   #17
Administrator
Gumby's Avatar
 
Join Date: Apr 2006
Posts: 16,374
As I have always done, I filed by certified mail on 2/19. I received my refund check from the State of Connecticut on 3/1. Still waiting on the federal; they received my return in Ogden on 2/22.
__________________
Living an analog life in the Digital Age.
Gumby is offline   Reply With Quote
Old 03-09-2021, 09:14 AM   #18
Thinks s/he gets paid by the post
Tadpole's Avatar
 
Join Date: Jul 2004
Posts: 1,313
Congratulations to those who have received their refunds!

I'm beginning to suspect mine may have run afoul of the COVID due to big decreases in income due to skipping of RMDs and the resulting effect on the amount of stimulus to which I was entitled. I filed on 2/12. The 21 day came and went on the 5th so I did the Where's my refund thing which essentially, with no progress bars showing, said they they will report a date for my refund when they have it. I looked at the transcripts, which are a bit disturbing, and my return was put in their system. My Care Act subsidies were in the system and account transcript. But my quarterly payments were missing from the account transcript and the wage report said "No record of return filed" and showed no other content. I have received no snail mail from the IRS other than the 2nd stimulus check letter. I use EFTPS and the quarterly withdrawals are showing in my bank statements. So I am left to wonder just what EFTPS and the IRS did with them.
Tadpole is offline   Reply With Quote
Old 03-09-2021, 09:38 AM   #19
Recycles dryer sheets
Vacation4us's Avatar
 
Join Date: Oct 2018
Posts: 399
We owe both the Fed and state this year about 10k total but helped DD and her boyfriend each get a 3k and 4 k refund. They are �� happy . No checks yet.
Vacation4us is offline   Reply With Quote
Old 03-09-2021, 09:43 AM   #20
Full time employment: Posting here.
 
Join Date: Nov 2015
Posts: 584
Received ours weeks ago.
ponyboy is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 9 (1 members and 8 guests)
RobbieB
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Will Fed Lower Interest Rates Jan 2020? Marc FIRE and Money 8 01-28-2020 11:36 AM
Fed Official Jeffrey Lacker says Fed Bond Buying Must End Quickly haha FIRE and Money 3 07-28-2013 04:08 AM
Organic, Grass-fed, Pasture-fed... tmm99 Other topics 24 06-24-2010 10:06 AM
Another tax question - where to put interest received? Buckeye FIRE and Money 4 02-15-2010 12:05 PM
Tax: Who "received" the stimulus check? Sam Other topics 4 04-01-2009 12:02 PM

» Quick Links

 
All times are GMT -6. The time now is 01:34 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.