What happens after IRS accepts return?
After you’ve diligently prepared and submitted your tax return, the next question that often comes to mind is: what happens after IRS accepts return? Understanding the process that follows can help alleviate any anxiety and provide clarity on the status of your tax refund. In this article, we will explore the steps and timeline involved once the IRS acknowledges the acceptance of your tax return.
1. Acknowledgment of Receipt
Once the IRS receives your tax return, they will process it and send you an acknowledgment of receipt. This acknowledgment typically arrives within a few days of submission, either through email or mail. The acknowledgment will include your tax return’s receipt number, which you can use to track the status of your return online.
2. Processing Time
The processing time for an accepted tax return can vary depending on several factors, such as the complexity of the return, the type of filing method (paper or electronic), and the volume of tax returns being processed by the IRS. Generally, it takes about 21 days for the IRS to process an e-filed return and approximately 6 weeks for a paper-filed return.
3. Refund Status
After your return has been processed, you can check the status of your refund online using the IRS’s “Where’s My Refund?” tool. This tool provides an estimated refund date based on the information available to the IRS. If you filed your return electronically, you can typically check the status within 24 hours after the IRS acknowledges receipt. For paper-filed returns, it may take a few weeks before you can access the refund status.
4. Direct Deposit or Paper Check
Once your refund is approved, the IRS will either deposit the funds directly into your bank account (direct deposit) or mail you a paper check. Direct deposit is the fastest and most convenient method, and it’s recommended to choose this option if you’re eligible. If you’re not eligible for direct deposit, the IRS will mail your refund to the address listed on your tax return.
5. Refund Timing
The timing of your refund depends on various factors, including the method of filing, the complexity of your return, and the IRS’s processing time. Generally, if you’re eligible for a refund, you can expect to receive it within 21 days for e-filed returns and 6 weeks for paper-filed returns. However, these are estimated timelines, and actual processing times may vary.
6. Additional Steps
In some cases, the IRS may require additional information or clarification to process your return. If this happens, you may receive a notice asking for specific documents or information. It’s crucial to respond promptly to these notices to avoid delays in processing your return and receiving your refund.
In conclusion, understanding what happens after IRS accepts return can help you stay informed and prepared for the next steps. By following the outlined process and utilizing the IRS’s resources, you can ensure a smooth and efficient tax return experience.
