JulianClarity
Active Member
I filed a week ago.
There's no "get" really. You file and [if your total required tax was $7,500 or more] you reduce it by $7,500. If you, for example, owed $10k, you only write a check for $2,500. If you had to pay $30,000, but had already [through payroll deductions] paid $31,000, you get back the $1,000 AND the $7,500. If your tax bill was $2,000 and you had paid $1,000 in payroll deductions, you only get the $2,000 back.
If you're asking how long it takes them to pay the refund if you get one, that has nothing to do with the $7,500 and varies depending on when you file and the funding state of the government (some payments were delayed during the shutdown). I filed two weeks ago and haven't seen a deposit yet.
The government owes me money,There's no "get" really. You file and [if your total required tax was $7,500 or more] you reduce it by $7,500. If you, for example, owed $10k, you only write a check for $2,500. If you had to pay $30,000, but had already [through payroll deductions] paid $31,000, you get back the $1,000 AND the $7,500. If your tax bill was $2,000 and you had paid $1,000 in payroll deductions, you only get the $2,000 back.
If you're asking how long it takes them to pay the refund if you get one, that has nothing to do with the $7,500 and varies depending on when you file and the funding state of the government (some payments were delayed during the shutdown). I filed two weeks ago and haven't seen a deposit yet.
Thank you Ken! I am looking forward to it!As of two weeks ago, my tax preparer said that direct deposit refunds are showing up in about 2 weeks from e-filing. If that’s what you’re asking. That time frame will undoubtedly lengthen as we get closer to deadline and more people start filing. Another reason to file as early as you can.
I filed in February and it took 2 weeks. Of course, this year the gov't is all kinds of crazy.As of two weeks ago, my tax preparer said that direct deposit refunds are showing up in about 2 weeks from e-filing. If that’s what you’re asking. That time frame will undoubtedly lengthen as we get closer to deadline and more people start filing. Another reason to file as early as you can.
Yes--you get $2,000, but $1,000 is in form of a forgiveness of the $1,000 that was due. The other is the return from your $1,000 withholding.In your last example, the money back should be $1000, right?
I'm 25 days since filing and haven't gotten anything. Still shows as being processed.
Yeah, it just keeps saying it's being processed. I always thought it was taking a while because of the credit but maybe something else is wrong with my filing...argh....
Thanks a lot, I am going to get it on 26th, just 2 weeks after my filing.Have you checked the free IRS "where is my refund" site: https://sa.www4.irs.gov/irfof/lang/en/irfofgetstatus.jsp ?
You just need to provide a few things to identify you. I checked it, and it gave me an exact date that it was expected to transfer the funds to my bank. Turned out to be precisely correct
There's no "get" really. You file and [if your total required tax was $7,500 or more] you reduce it by $7,500. If you, for example, owed $10k, you only write a check for $2,500. If you had to pay $30,000, but had already [through payroll deductions] paid $31,000, you get back the $1,000 AND the $7,500. If your tax bill was $2,000 and you had paid $1,000 in payroll deductions, you only get the $2,000 back.
If you're asking how long it takes them to pay the refund if you get one, that has nothing to do with the $7,500 and varies depending on when you file and the funding state of the government (some payments were delayed during the shutdown). I filed two weeks ago and haven't seen a deposit yet.
Not likely. The IRS usually just does an initial processing and settles things based on what is on the return. Later, they run it through a more detailed look and deal with problems then.Yeah, it just keeps saying it's being processed. I always thought it was taking a while because of the credit but maybe something else is wrong with my filing...argh....