What days does the IRS deposit in 2021?

Millions of people every year wonder things like this “My refund does not arrive”, “Where is my refund?”, “Where are my taxes?”, “How long does the electronic tax refund take?”, etc. Well, in 2021 it is no exception and that is why we tell you which days the IRS deposits.

The IRS begins accepting federal tax returns from citizens in January, at least for online returns. But, When do you start processing refunds? Fortunately, in the same season. While we know that the 2020 tax season was exceptional (due to the pandemic), so far the agency has not announced any delays or delays in the processing of returns (or refunds). That leads us to wonder, What days does the IRS deposit in 2021? As long as you do not extend the deadline beyond April 15 and the offices are not congested as they did in 2020, the IRS will make the refunds on the calendar days that we will show you below.

What days does the IRS deposit in 2021?

IRS Refunds in 2021. What You Need to Know

2020 was a difficult year and not only for the United States, but globally. However, it cannot be denied that little by little everything begins to return to normal, including federal tax returns. Next, we will show you an estimated payment schedule that will allow you determine which days the IRS deposits in 2021 and when you will receive your refund.

When do IRS checks send?

Typically, most Americans receive their income tax refund check within two weeks of filing. The IRS’s preferred way to send the refund is by direct deposit. That is why it is important that you keep your information up to date with the agency, especially your address and your bank account.

However, this two-week period could be longer if the taxpayer waits too long to file and reaches the peak of the tax season. In this case, the IRS will be working flat out, so refunds may be delayed.

Our recommendation? Whenever you can, file your tax return online as soon as you have all the documentation what do you need. You will only require your Form W-2, Form 1099, the interests of your mortgage and student loans (among other documents) to get out of that.

Tip: If you have already filed your tax return and you notice that your refund does not arrive, even after you have submitted the application, make an appointment with a tax professional. We also recommend using the IRS tool “Where’s my refund?” (in English, Where ‘s My Refund?) or, if you prefer, download the IRS2Go mobile application. This will allow you to check the status of your refund.

Where is my refund?

While it is true that the IRS usually takes only two weeks to send payments, you should know that There are several factors that could affect the approximate day your refund will arrive. Everything will depend on:

  • If you present your online statement -using IRS tools- or by mail.
  • If you have old debts with the IRS or the federal government, especially tax.
  • How early do you file your return? of federal taxes this year and if you file it jointly or individually.
  • If you claim certain tax credits, (such as the Child Tax Credit and the Earned Income Tax Credit).

In short, each of these elements could delay the arrival of your refund for 2-3 weeks, especially if you are claiming an earned income tax credit (known as an EITC) or the child tax credit (CTC).

Now, this is not to say that you should choose to claim a standard deduction instead of using individual deductions. Ultimately, the reason for the IRS delay has nothing to do with the type of tax credit or deduction, but rather that the taxpayers misuse them.

Important note: You should know that the passage of the second economic stimulus due to COVID-19 will not affect in any way your income tax refund.

What days does the IRS deposit in 2021?

Payment schedule

To create the tables that you will see below, we have analyzed both the information that the IRS handles so far and the data reported in previous years. This has allowed us to make a projection that will allow you deduct what day you will receive your refund in 2021.

Warning: The data that you will see in the following tables is only an estimate of the days of deposit. You could receive your check or bank transfer before or after the date. After all, each taxpayer has a particular situation that could speed up or slow down this process.

If the IRS receives the return online at: You will mail a direct deposit / check 1 week later:
January 25, 2021 February 5, 2021 / February 12, 2021 *
February 2, 2021 February 12, 2021 / February 19, 2021 *
February 8, 2021 February 19, 2021 / February 26, 2021 *
February 16, 2021 February 26, 2021 / March 5, 2021 *
February 22, 2021 March 5, 2021 / March 12, 2021
March 1, 2021 March 12, 2021 / March 19, 2021
March 8, 2021 March 19, 2021 / March 26, 2021
March 15, 2021 March 26, 2021 / April 2, 2021
March 22, 2021 April 2, 2021 / April 9, 2021 **

* Returns with tax credits such as the EITC or CTC can delay the refund process, as the IRS will have to verify each credit claimed by the taxpayer first.

** Filing taxes during the peak of the tax season (April 2021) could delay sending the refund by 1-2 weeks.

If the IRS receives the return by mail at: You will mail a direct deposit / check 1 week later:
March 29, 2021 April 9, 2021 / April 16, 2021 **
April 5, 2021 April 16, 2021 / April 23, 2021 **
April 12, 2021 April 23, 2021 / April 30, 2021 **
April 19, 2021 April 30, 2021 / May 7, 2021
April 26, 2021 May 7, 2021 / May 14, 2021
May 3, 2021 May 14, 2021 / May 21, 2021
May 10, 2021 May 21, 2021 / May 28, 2021
May 17, 2021 May 28, 2021 / June 4, 2021
May 24, 2021 June 4, 2021 / June 11, 2021

* Returns with tax credits such as the EITC or CTC can delay the refund process, as the IRS will have to verify each credit claimed by the taxpayer first.

** Filing taxes during the peak of the tax season (April 2021) could delay the delivery of the refund by 1-2 weeks.

Remember that if you file your tax return online, either using a tax program or any other authorized software or platform, you will have to wait for the IRS to send you the date of receipt of the return.

And it is that, many taxpayers think that the period of time for the refund begins to run from when they send their return online, but this is not true. The IRS takes between one and three days to review and accept the return. This is the date that you should take into account when making your calculations and estimates.

Warning: If you choose to submit a paper version of your federal income tax return, you could face some delays. Typically, it takes the IRS 3-4 weeks to register the date of acceptance of the return in the system because it must process each envelope separately.

Recommendations to receive tax refund easily and quickly

One of the things that could speed up the arrival date of your IRS refund is hire a professional. CPAs can process your tax return quickly, deliver it by the fastest route (which is electronic), and minimize tax and accounting errors. This will cause the agency to process it quickly and, therefore, receive your refund early.

How long could the IRS take? Well, more than you want. Even if your return does not contain errors, it could take more than 21 days for the IRS to process your tax refund. That is why specialists recommend filing 2021 taxes electronically.

The last recommendation we can give you is don’t wait for the peak of the tax season, which is April 2021. The faster you file your return, the more chances you have for it to be processed quickly and to get your money back in your hands.

What happens if I don’t file my taxes before April 15?

If you still don’t have all the documentation you need to file your federal taxes and you are fast approaching the deadline, which is April 15, 2021, it is preferable that you request an extension. To do so, submit Form 4868, “Request for Automatic Extension to File Income Tax Return of US Individuals.” and ready. This will give you until October 15 of the current year to file the return.

Ask: Do I need an excuse to ask for an extension of my tax filing date? No. You do not need to tell or show the IRS that you have a valid reason for requesting the extension. Just by submitting the form, the agency will automatically grant it to you.

Now, pay attention to this part. The extensions are designed to delay the declaration date. But nevertheless, If you owe taxes to the IRS you will have to pay them before April 15.

Can I receive an unemployment tax refund in 2021?

Generally, the unemployment benefits that a citizen receives must pay their corresponding tax quota. But in March 2021, driven by the country’s economic situation, President Joe Biden approved the American Rescue Plan (ARP or American Rescue Plan) law that specifies that unemployment insurance benefits of up to $ 10,200 are excluded from payment. of taxes in fiscal year 2020.

By March 2021, when the ARP was approved, many taxpayers had already paid taxes. That is why the IRS has identified more than 10 million people who may qualify for these types of rebates.

This 2021 unemployment rebate applies up to $ 10,200 for individual taxpayers and couples who earned less than a modified adjusted gross income (MAGI) of $ 150,000 in 2020. If the tax return was filed jointly by two spouses, the limit is up to $ 20,400.

Those who have received an amount greater than the stated figures for unemployment insurance will still have to pay the corresponding taxes on those amounts.

If you want to know everything about this particular refund, be sure to read our guide: “How to Track Your IRS Unemployment Refund”.

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