Everyone who qualifies for a refund on their taxes in 2023 wants to get their money as quickly as possible from the IRS. Unfortunately, many people will likely be waiting for a year or longer before their check arrives.
Here are three things you can do to get your tax refund faster in 2023:
- File electronically. Imagine processing millions of tax returns that come in the mail between late January and April 15th. That is a tremendous amount of paper to process, and it’s first come-first served.You can speed things up by not using snail mail and submitting your tax return electronically. And by speed things up, we mean by months. The IRS says the average processing time for a return submitted electronically is 21 days.
- Choose direct deposit. Every year, the IRS pays out billions of dollars to millions of taxpayers. Cutting checks for refund recipients takes the IRS months, and you can be waiting a long time for a paper check.Instead, have your deposit deposited electronically. Millions of people do it safely every year without the IRS making an error.
- Check for errors before submitting your return. A mistake on your return can delay your refund by weeks, if not longer. The IRS has to catch the error, get a letter out to you telling you what corrections are needed, wait for you to respond, re-check your return, and finally process your refund.IIf you do your own taxes, double-check everything on your return, so it’s not pulled for a manual review. Good tax software or a professional tax preparer always check for errors.
To track the status of your refund, use the “Where’s My Refund” tool at irs.gov. You don’t have to check multiple times a day. Updates are made daily, usually overnight.
You can also call the IRS refund hotline at 800-829-1954, but be prepared for long wait times.