Tax season is here, and while it may not be the most exciting time of the year, getting your tax refund on time can be a relief. Whether you’ve already filed your return or are preparing to do so, knowing when and how to track your refund status is crucial. This guide will walk you through the important deadlines, filing options, and ways to check your refund status.
Key Deadlines for Filing Your 2024 Tax Return
Federal tax deadline: The IRS began accepting tax returns in late January, and the deadline to file is Tuesday, April 15, 2024.
State tax deadline: If you are filing state taxes, deadlines may vary. For instance, New York state taxes are also due on April 15.
Extension deadline:
To request more time, file Form 4868 by April 15 to receive an extension until October 15, 2024.
For state tax extensions, fill out the appropriate form (e.g., Form IT-201 for New York residents). If you owe taxes, make your extension payment by the original deadline.
Filing after April 15 without an extension may result in penalties if you owe taxes.
How to File Your 2024 Tax Return
You can file your taxes in two main ways:
Electronic Filing (E-File)
Recommended for faster processing and quicker refunds.
Use IRS-approved tax software or a professional tax preparer.
If eligible, use IRS Free File to file for free.
Paper Filing (Mail-in Tax Returns)
Fill out Form 1040 and send it by mail.
Processing takes longer, and refunds may take up to six to eight weeks.
For those who qualify, several free filing options are available:
If you earned $84,000 or less in 2024, you can use IRS Free File.
New York residents earning $84,000 or less can also file for free online.
Military personnel may qualify for free filing through MilTax.
Low-income taxpayers, seniors, and non-native English speakers may get free, in-person tax assistance through:
Volunteer Income Tax Assistance (VITA)
AARP Foundation Tax-Aide
Tax Counseling for the Elderly (TCE)
For further help, visit the IRS website or call 800-829-1040.
How to Get Your W-2 Form
A W-2 form reports your earnings and tax withholdings for the year. Employers are required to issue W-2 forms by January 31, 2024.
If you haven’t received yours:
Contact your employer’s payroll department.
Check your online payroll account (if applicable).
If your employer does not respond, you can contact the IRS for assistance.
When to Expect Your Tax Refund
The IRS issues most refunds within 21 days if you e-file and choose direct deposit. However, paper filers may wait six to eight weeks.
Potential Delays in Refund Processing
Your refund may take longer if:
You claim certain tax credits, such as the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC).
You filed a paper return instead of e-filing.
You owe past federal debts (e.g., back taxes, student loans, child support).
How to Check Your Refund Status
To track your tax refund, use these tools:
IRS “Where’s My Refund?” tool (IRS website).
IRS2Go mobile app (Available for iOS and Android).
What You’ll Need
Social Security number (SSN) or Individual Taxpayer Identification Number (ITIN).
Filing status (e.g., single, married, head of household).
Exact refund amount.
When to Check
Refund statuses update once per day, typically overnight.
If you e-filed, wait 24 hours after submission to check.
If you mailed a paper return, wait four weeks before checking.
Final Thoughts
Understanding your tax filing process and refund timeline can help you avoid unnecessary stress and delays. Be sure to file on time, check your refund status regularly, and take advantage of free filing services if you qualify.
For official tax information, visit the IRS website or consult a tax professional.