Some people who filed their taxes should soon start getting their refunds because tax season is almost over. A lot of people pay less tax than they should when they file their taxes with the Internal Revenue Service (IRS). Because of this, the IRS gives you back your tax money. Most of the time, the IRS will give you your return quickly, especially if you paid your taxes electronically. Some people can look forward to getting their returns tomorrow.
Who gets their money back?
People who have paid too little tax pay back the difference with a tax return. This is usually the case because most people have their taxes taken out of their pay cheque every month by their workplace. This automatic subtraction can cause people to pay too much tax at times. There are also tax credits available to some people, like the Child Tax Credit. These credits lower the amount of taxes they owe the IRS.
Sometimes, if you work for yourself, you might guess wrongly about how much tax you owe the IRS. Self-employed people sometimes pay their taxes four times a year based on estimates of how much money they make. If, at the end of the year, they overpaid their taxes because they thought they made more money than they did, they will get their money back in the form of a tax return.
A lot of people can also get tax breaks on income from retirement, medical bills, mortgage payments, or contributions to charity. When you take these expenses out of your total taxable income, your tax liability goes down. If your tax liability has gone down enough. you could get a refund.
On Friday, April 11, 2025, who gets their money back?
The IRS began giving out tax refunds on February 15. Even though tax season started on January 27, the IRS can’t give out refunds until February 15. This is because of a government law. If you filed your taxes on the first of the year, you wouldn’t get your money back until around the middle of February. This is taking longer than planned because of the PATH Act, which keeps people safe from fraud.
For most people, if nothing went wrong with their return, they should get their money back within 10 to 21 days of filing. The IRS says that if you file your taxes electronically and send the money directly to the bank account you used, you should get your return within one to three weeks. If you filed online but sent a cheque, you should get your refund one month after the due date. For mail-order statements with direct payment, it will take three weeks. For mail-order statements with cheque, it will take two months.
If you electronically filed your tax return around March 21 and chose direct pay but still haven’t gotten your refund, you might get it tomorrow. But keep in mind that there is no set date for when you can get your money back; it all depends on how smoothly your returns go and how many other people are also sending their returns at the same time.
The IRS gives help with filing taxes
The deadline to file your taxes is quickly coming on April 15. If you still haven’t done so, you may be able to get free help from IRS volunteers. You can get free tax help from a trained IRS volunteer if you make less than $67,00 a year, have a disability, need language help, or are over 65 years old. If you are filling out your taxes for the first time or need help figuring out where to start, the IRS has free tools online that you can use.