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2020 Fed Tax Refund Received!
03-02-2021, 11:00 AM
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#1
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2007
Posts: 13,183
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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.
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03-02-2021, 11:54 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Jul 2007
Posts: 3,221
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My refund just showed up this morning in my checking account, e-filed on 22 Feb.
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03-02-2021, 11:59 AM
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#3
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Thinks s/he gets paid by the post
Join Date: Jun 2004
Location: Diablo Valley (SF Bay Area)
Posts: 2,704
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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.
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03-02-2021, 02:00 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Oct 2014
Posts: 1,535
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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. 2/15/2023=DONE! "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-
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03-02-2021, 02:03 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Mar 2007
Posts: 1,854
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Congrats to all!
__________________
"Live every day as if it were your last, and one day you'll be right" - unknown
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03-02-2021, 02:04 PM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 37,931
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I hope that was your 2020 tax refund.
__________________
Retired since summer 1999.
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03-02-2021, 02:33 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Feb 2021
Posts: 2,324
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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.
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03-02-2021, 03:04 PM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2007
Posts: 13,183
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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.
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03-03-2021, 12:01 PM
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#9
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Thinks s/he gets paid by the post
Join Date: Aug 2017
Posts: 2,040
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I got mine a few days ago.
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03-03-2021, 12:34 PM
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#10
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Moderator
Join Date: Nov 2014
Posts: 9,070
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Quote:
Originally Posted by RunningBum
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.
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Changed it.
__________________
Every day when I open my eyes now it feels like a Saturday - David Gray
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03-03-2021, 02:46 PM
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#11
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Thinks s/he gets paid by the post
Join Date: Feb 2009
Location: Cville
Posts: 1,597
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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 or Due
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03-03-2021, 04:05 PM
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#12
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 37,931
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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.
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03-05-2021, 11:57 AM
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#13
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Recycles dryer sheets
Join Date: Sep 2012
Location: Rochester, NY
Posts: 144
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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
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03-08-2021, 02:09 PM
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#14
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2012
Posts: 6,096
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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 - "This Happy Feeling, Going Round and Round!" (GQ)
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03-08-2021, 09:26 PM
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#15
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Recycles dryer sheets
Join Date: Oct 2019
Location: Los Angeles
Posts: 82
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E-filed on the 19th Feb, my whopping refund of $75 cleared on 26th Feb.
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03-09-2021, 07:27 AM
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#16
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2013
Location: Limerick
Posts: 5,633
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They can take my money on April 15. It will be painful...very painful!!
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03-09-2021, 07:48 AM
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#17
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Administrator
Join Date: Apr 2006
Posts: 22,923
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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.
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03-09-2021, 08:14 AM
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#18
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Thinks s/he gets paid by the post
Join Date: Jul 2004
Posts: 1,427
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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.
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03-09-2021, 08:38 AM
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#19
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Full time employment: Posting here.
Join Date: Oct 2018
Posts: 530
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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.
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03-09-2021, 08:43 AM
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#20
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Full time employment: Posting here.
Join Date: Nov 2015
Posts: 661
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Received ours weeks ago.
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